The U.S. Department of Interior’s Office of Strategic Partnerships (OSP), Native CDFI Network, and Syncurrent announced a historic, 10-year partnership to gift Syncurrent to all 574 Tribal Nations free of charge. The partnership aims to increase Tribal Nations’ capacity to pursue and secure funding for Indian County through the use of artificial intelligence. The Syncurrent technology dramatically reduces the time it takes tribal governments to find and obtain the external funding they need to support tribal programs and services and capitalize the development of critical infrastructure such as roads, utilities, schools, and hospitals.
More than a trillion dollars are made available to local, Tribal and State governments annually, although many Tribal Nations are staff- and resource-constrained in navigating the overwhelming complexities of pursuing this grant funding. To address this challenge, the Syncurrent version 2 platform consolidates federal, state, and philanthropic funding data onto one unified platform. Through artificial intelligence, the platform then matches Tribal Nations with relevant funding opportunities using publicly available data, cutting down the labor-intensive grant searching process from months to minutes. Future versions numbered in consecutive order (V3, V4, etc) will have AI-Auto grant write and compliance features built into it.
“Tribal Nations have long faced systemic barriers to accessing capital and securing their fair share of federal, state, and philanthropic dollars,” said Pete Upton, CEO of Native CDFI Network. “This partnership is a testament to the power of collaboration, innovation, and an unabiding commitment to equity. Syncurrent’s AI technology will enable tribal governments to identify and secure critical funding much more quickly, efficiently, and effectively, empowering them to build stronger, healthier, and more prosperous communities. This partnership demonstrates our collective resolve to not only bridge the funding gaps in Native communities, but to position them at the forefront of innovation. With Syncurrent V2, Tribal Nations will have a vital tool to take charge of their futures, and the Native CDFI Network stands ready to support them in using that tool.”
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