Digital Acceleration Grant
The MAS Financial Sector Technology and Innovation (FSTI) Digital Acceleration Grant (DAG) scheme supports Singapore-based smaller financial institutions and FinTech firms adopt digital solutions to improve productivity, strengthen operational resilience, manage risks better, and serve customers better.
Scheme Parameters

Funding Amount
80% co-funding of qualifying expenses for applications submitted by 31 Dec 2021.
70% co-funding will apply thereafter.

Funding Duration
Institution Projects: 1 Year
Industry Pilots: 2 Years

Who is Eligible
1. Institution Project
To support individual smaller FIs and FinTechs to adopt digital solutions.
Grant criteria | Details |
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Applicant Eligibility |
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Project Eligibility |
Qualifying solutions must:
The categories of solutions supported are:
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Funding Support |
80% co-funding of qualifying expenses listed below, capped at $120,000 per entity, for the duration of the scheme:
Eligible entities can claim for expenses incurred from 1 February 2020. The funding period is capped at 1 year. |
How to Apply | Submit your application form (83.6 KB) to fintech_office@mas.gov.sg . |
2. Industry Pilot
This track supports joint projects by multiple FIs to customise an existing solution with a solution provider.
Grant criteria | Details |
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Applicant Eligibility |
Applicants should be Singapore-based FIs that are regulated by MAS (licensed or exempted from licensing), with headcount not more than 200 staff. Each project should have a minimum of 3 participating, eligible FIs. |
Project Eligibility |
Qualifying solutions must:
The categories of solutions supported are:
|
Funding Support |
80% co-funding of qualifying expenses, capped at $100,000 per participating entity, per project.
The funding period is capped at 2 years from implementation. |
How to Apply | Submit the application form (85.4 KB) (1 form for each participating FI) to fintech_office@mas.gov.sg at least two months before the commencement of the project. |