Tuesday, January 11, 2011

CAAS Aviation Development Fund (ADF)

The Aviation Development Fund (ADF) was set up by CAAS with a budget of S$100
million for use over a 5-year period starting from 1 April 2010 to 31 March 2015. It will
support CAAS’ industry development goals through a set of incentives built around the
three thrusts of enabling enterprise, ideas and people. The ADF will also support
broader industry-level initiatives to raise effectiveness and competitiveness.
The ADF will be used to accelerate further development and growth of the aviation
industry in Singapore, and ensure its continued relevance and competitiveness globally.
Any organisation that meets the criteria under the incentive programmes can apply to
benefit from the ADF.
From April 2010, two programmes under the ADF will be launched at the budget of $25
million each - namely the Aviation Partnership Programme and Aviation Innovation
Programme. Interested parties may contact CAAS for details and further discussion
when these two programmes are opened for applications from 1 April 2010.
About Aviation Partnership Programme
Setting aside $25 million for next 5 years for joint initiatives with industry partners to
raise productivity
CAAS will partner the industry to drive the adoption of new industry-level standards or
processes that help to enhance the overall productivity, effectiveness and
competitiveness. For those initiatives jointly identified by CAAS and the industry, CAAS
will extend funding support for the development of the common standards and
platforms, as well as to encourage adoption by individual companies. Details of the
type of industry-level projects being supported through this programme and application
procedures will be announced to interested applicants in due course.
About Aviation Innovation Programme
A 5-year programme to grow niches of excellence through innovation at a budget of $25
million
This programme will assist companies to develop new capabilities in the industry by
encouraging innovation and R&D, building aviation knowledge and research in
Singapore and supporting the introduction of new products to the aviation sector.
Funding support will also be provided to companies to develop new capabilities and
grow niches of excellence. Funding support can include:
• Development of new business concepts, equipment, course offerings
• R&D projects to develop new products or processes
• Test-bedding of new technologies for adoption across aviation sector
• Introduction of new products to aviation sector meeting Technical Standards Orders
(TSO) and other regulatory requirements.

http://appserver1.caas.gov.sg/caasmediaweb2010/opencms/Journalist/Press_Releases/2010/downloads/factsheet_adf.pdf

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