Grants for Innovation
Adopt Digital Solutions
70% co-funding to adopt digital solutions to improve productivity, increase efficiency, enhance operational resilience, manage risks better, and/or serve customers better.
Support to enhance Financial Institutions' risk management and regulatory compliance through the use of technological solutions.
Adopt AI / Data Analytics Technology
Up to 50% support for projects that demonstrate adoption of AI & DA techniques that achieve business objectives of strategy & decision making or insights generation with consideration of workforce impact, as well as applied research projects in AI and DA for Singapore and the Singapore financial sector.
Up to $400K to conduct early stage development of novel solutions to problems in financial sector.
Up to $250K for POC and $500K for POV; Startup paid up capital must be at least 10% of grant value for POC and 20% for POV.
As part of the MAS-SFA-AMTD FinTech Solidarity Grant, FinTechs can receive up to S$40,000 for their first POC with financial institutions on APIX, and S$10,000 for each subsequent POC, subject to a total cap of S$80,000 per firm for the entire duration of the grant.