MAS FSTI Innovation Acceleration - Early Innovation

The MAS Financial Sector Technology and Innovation (FSTI) Innovation Acceleration Track provides funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector. The FSTI Scheme is valid until March 2026.

Funding Support

Qualifying Costs

Funding support will be on a reimbursement basis, for the following expense items:
Funding Categories Funding scope
Basic manpower costs Basic salaries plus employee's CPF contribution, excluding:
Employer's CPF contribution, annual wage supplements, bonuses, allowances (fixed and variable) and overtime. 
Professional services costs Includes consultancy, sub-contracting, prototyping costs by third-party locally-based companies/vendors.
Equipment/ Hardware, Data or software costs Includes purchase price and costs related to commissioning and operation (e.g. delivery, installation, handling). Only project-related technical software costs are supported.

Evaluation Cycle

The application submission dates for the respective evaluation cycles are:
Quarter  Application Submission Period Panel Evaluation Period
 Q1 1 to 31 January 1 February to 31 March
 Q2 1 to 30 April 1 May to 30 June
 Q3 1 to 30 July 1 August to 30 September
 Q4 1 to 31 October 1 November to 31 December

Evaluation Stages

Proposals are accepted and evaluated on fixed quarterly cycles, and go through three evaluation stages: