Schemes and Initiatives
Financial Sector Development Fund
Establishment and Objects of the Fund
The Financial Sector Development Fund (FSDF) provides grants to firms and individuals in the financial services sector.
The FSDF is established under the Monetary Authority of Singapore Act to:
- Promote Singapore as a financial centre
- Develop and upgrade skills and expertise required by the financial services sector
- Develop and support educational and research institutions, research and development programmes and projects relating to the financial services sector
- Develop infrastructure to support the financial services sector in Singapore.
Available Grants
Depending on your needs, you can tap on the following grants under the FSDF:
Support for Key Business Areas
| Fixed Income | |
|---|---|
|
Supports first-time issuers with an Asian nexus in issuing bonds from Singapore |
|
| Sustainable Bond Grant Scheme | Supports issuers in issuing green, social and sustainability bonds in Singapore |
| Insurance-linked Securities Grant Scheme | Supports issuers of ILS bonds in Singapore |
| Equity | |
| Grant for Equity Market Singapore | Supports issuers in listing on the Singapore Exchange and financial institutions in developing equity research capabilities |
| Green Finance | |
| Sustainable Loan Grant Scheme | Supports corporates in obtaining sustainable and transition financing |
| Financial Sector Carbon Market Development Grant | Supports financial institutions by alleviating near-term cost barriers and building capacity for their sustained involvement in carbon markets |
| Investor Education & Outreach | |
| Investor Education Scheme | Supports any parties, including public or community, industry, market or professional bodies, to organise investor education programmes leading to the development of the investor base in Singapore |
Support for Innovation & Technology
| Centre of Excellence | Supports innovative functions of leading global FIs and FinTech firms in Singapore, bringing together specialised talent and expertise, while supporting the growth of emerging technologies such as AI, quantum computing and digital assets |
| Infrastructure & Platform | Supports industry-wide infrastructure and platforms that improve sector efficiency, productivity and innovation across financial sector |
| Institution Project | Catalyses the development and deployment of innovative solutions that strengthen institutions' capabilities and competitiveness, with a focus on frontier technologies such as AI, distributed ledger technology and quantum |
| Global FinTech Hackcelerator (GFH) Scale-Up Grant | Further develop and validate eligible Global FinTech Hackcelerator (GFH) finalists’ solutions after the competition, helping them attract private investment, scale their business and strengthen their presence in Singapore |
| AI Pathfinder | Supports the scaling and adoption of market-ready AI FinTech solutions listed on PathFin.ai. It enables FIs to deploy these solutions to foster greater collaboration between these FIs and AI solution providers |
Support for Skills and Career Development
| Schemes for Institutions & Individuals | Supports financial institutions in hiring, training and workforce transformation, and individuals in skills development and career mobility |
| Manpower | Supports FinTech firms in building a pipeline of young talent for Singapore’s FinTech ecosystem, by co-funding the Internship stipend |
Find Out More
Interested applicants can write to fsdf@mas.gov.sg for more information.