SMEs get subsidised rates for Microsoft AI tool under MOU with EnterpriseSG, IMDA

21 May 2024

More small and medium-sized enterprises (SMEs) in Singapore will receive support to integrate AI into their processes. A new partnership between Microsoft, trade agency Enterprise Singapore (EnterpriseSG) and national programme AI Singapore (AISG) was announced on 21 May at Pan Pacific hotel. The partnership will help more than 1,000 local SMEs boost their productivity using Microsoft Copilot, an AI assistant introduced in 2023 that can be used within Microsoft’s applications such as PowerPoint and Word. The new Applied AI programme at IHLs will kick off in June 2024, beginning with NYP and SP. EnterpriseSG will partner these IHLs to work directly with SMEs, identifying AI-related challenges and developing market-ready AI solutions. It will provide a 50 per cent subsidy for eligible SMEs to develop and adopt these solutions.

[The Business Times]