IsDB Institute Announces Winners of Smart Economy Grants Program

The Islamic Development Bank Institute (IsDBI) has announced the winners of its Smart Economy Grants Program that was launched to stimulate technology-enabled innovation in the economy through sustainable and inclusive interventions.

The first-place award went to Pandai, an education application that helps school students learn, developed by a Malaysia-based company. Turkey ranked fifth with IROSCA (Proof of Concept) that provides the necessary information to be presented to investors as well as financial projection and feasibility studies.

The winners were announced during a special webinar organized by the IsDB Institute on May 30, 2021.

1st Project: PANDAI (Minimum Viable Product)

Project Description: An education application that helps school students learn.

Country: Malaysia

2nd Project: LIBER HEALTH (Minimum Viable Product)

Project Description: Digital solution that provides safe and contactless iris identification and COVID-19 pre-screening for underserved communities.

Country: Pakistan

3rd Project: HEAR ME (Minimum Viable Product)

Project Description: The first Indonesian sign language 3D animation translator application for bridging the communication between the deaf and the hearing.

Country: Indonesia

4th Project: Smart Irrigation (Prototype)

Project Description: A system for collecting, storing, and processing data in order to automate irrigation and optimize water usage.

Country: Niger

5th Project: IROSCA (Proof of Concept)

Project Description: The purpose of the project is to provide necessary information and evaluations needed to present the IROSCA to the investors as well as to conduct a feasibility study with financial projection.

Country: Turkey

6th Project: SOSPESO (Proof of Concept)

Project Description: A digital platform that brings together 3 parties:

The donors (who will buy forward meals from an online menu); (currently) the restaurants (and other e-commerce vendors); and the low-income families.

Country: Bahrain

7th Project: Alumnia ID (Minimum Viable Product)

Project Description: A fintech equity crowdfunding and security crowdfunding for small and medium enterprises.

Country: Indonesia

Source: ISDB