300 S'pore firms to get cloud credits, grants to spur AI trials under new programme

As many as 300 local firms will each receive up to $600,000 in benefits under a new programme by Amazon's cloud arm to promote the adoption of artificial intelligence (AI) solutions.

- Timothy Goh

Called AI Springboard, the initiative by Amazon Web Services (AWS) will provide a baseline of $350,000 in dedicated cloud credits and training resources, with the remaining value made up of additional cloud credits from existing AWS programmes. These credits allow firms to trial and potentially adopt cloud tools.

The funding is on top of a government grant of up to $105,000 per enterprise for consultancy services supported by Digital Industry Singapore (DISG) - the government arm driving the programme, which is the second to take wing under the $150 million Enterprise Compute Initiative (ECI) announced in the 2025 Budget.

The ECI supports firms by pairing them with major cloud providers to access AI tools, computing power and expert consultancy.

To tap AI Springboard, companies must be registered or incorporated in Singapore and meet ECI eligibility criteria, such as having experience developing a custom AI solution for a proof-of-concept.