The Land Transport Innovation Fund (LTIF) was set up in 2006 to provide funding support for conceptual-stage research and pilot trials and facilitate innovation and technological advances in Singapore's land transportation arena. The fund:
- Strengthens LTA's collaborative efforts with its local and overseas partners;
- Catalyses Singapore's pursuit of innovation excellence in the delivery of land transport; and
- Brings together the best ideas to meet the vision of building an efficient, sustainable and people-centred land transport system.