AI Open Innovation Challenge

You can sign up at https://ai.innovation-challenge.sg using a valid email address. Click ‘Participate’ to create your participation and submit your deliverables. Feel free to reach out to the Admins through the chat feature if you have any questions or concerns.

Once you have become a participant, announcements will be made via the platform chat on a regular basis to provide the latest updates about the challenge. Participants also have access to a dedicated chat with the Admins. Feel free to ask any question there.

The Agorize platform’s customer support can answer any questions pertaining to the challenge.

You will receive an email confirmation upon successful registration for the AIOIC 2024 platform. If you do not received anything after registering, please reach out to serena.teo@agorize.com

To update your details, please login on the challenge page and go to your participant profile to edit or change your details. Please note that you will not be able to change your email address. If you need to change your email address, you need to delete your account and create a new one with the desired email address.

In this challenge, only one person acts as a representative for his/her respective company. If your company is entering the challenge with an IHL partner, please reach out to serena.teo@agorize.com

This challenge is open to all Startups, and SMEs across the world.

Please take a look at the challenge statements tab to learn more about each challenge statement’s specific requirements and expectations.

The challenge is open to Startups and SMEs across the world.

You are free to submit as many solutions as there are various problem statements. Check the complete list HERE.

For all challenge statements under the AIOIC 2024, the Organiser may support awarded innovators* with the Proof-of-Concept (“POC”) Development Grant (for eligible enterprises). Eligibility for the grant, actual quantum, early stage POC milestones tied to the grant and payment tranche(s) will be assessed by Enterprise Singapore, the challenge owner and the awarded innovator.

Eligibility criteria and conditions apply* 

*Funding support will only be awarded to Singapore-registered startups and SMEs. Foreign-based startups and SMEs may be considered if they are registered as a legal entity in Singapore within six (6) months of being appointed as a matched company. For applications by a consortium or group of companies, the grant will be awarded to the lead applicant.

For the Application Phase, your startup/SME must fill in an application form and submit a 5-10 slide PDF proposal deck that addresses the following:

• Problem/solution
  
• Market and total addressable market (TAM)
  
• Value proposition and positioning
  
• Technical aspect
  
• Go-to-market strategy
  
• The business/revenue model
  
• Traction: KPI metrics & milestones
  
• Forecast 2024/2025
  
• Team Representation
  
• Ability to Execute: Provide details of your organisation’s expertise and experience along with a commercialisation plan if applicable.
  

Refer to the timeline tab for more information.

A template is available for download on the participation space but you are not required to use it. It is provided merely as a guide.

If you don’t use the template, make sure that your PDF proposal deck is 10-slides max and is written in English. Furthermore, please ensure that you’ve previewed your project, to ensure it is displayed correctly, prior to submitting it.

The deadline of the application is on 10 February, 2025 2359hrs (SGT/GMT+8).

All submissions will be assessed based on the following criteria:

> Technical feasibility of solution and novelty (40%)

> Business feasibility of solution (30%)

> Capacity and expertise to execute projects (20%)

> Clarity & comprehensiveness of proposal and test plans (10%)

Shortlisted startups and SMEs will be announced via the platform chat at the end of early April 2025.

The announcement for the shortlisted startups and SMEs to participate in clarification meetings will be made via the platform chat in April 2025.

The clarification phase will commence in April, 2025 where 1-on-1 clarification meetings will be organised by the respective challenge statement owners with shortlisted startups and SMEs.