SLA hopes to attract individuals who are keen to develop creative geospatial applications and services to tap the fund.
Those who have ideas on how GIST can be used to benefit the society and the economy may apply for up to S$50,000 worth of funding per project.
SLA said proposals submitted will be evaluated based on factors such as innovativeness, sustainability and feasibility of the solutions.
An example of a mobile app developed using geospatial information is LOO Connect launched earlier this year by the Restroom Association of Singapore (RAS).
The app allows the public to locate clean toilets and to give feedback on the state of public toilets here.
The app seeks to encourage socially responsible behaviour among public toilet users.