Schemes and Initiatives
 Published Date: 07 August 2023

ESG FinTech Grant

The Environmental, Social, and Governance (ESG) FinTech grant was launched as part of the Financial Sector Technology and Innovation (FSTI) scheme to spur the financial sector's adoption of ESG technology solutions. These solutions should empower financial institutions in addressing their key ESG data and infrastructure challenges, supporting their mobilising of capital towards sustainable activities and tracking of their net zero transition plans and programmes. The FSTI scheme is valid until March 2026 Applications will be approved up to March 2026. Approved projects can run beyond March 2026.

Grant Details

   Details
Applicant Eligibility

Open to eligible applicants who are Singapore-based financial institutions.
Qualifying Projects
  • Projects should demonstrate the innovative use of technology to address financial institutions' business needs in the areas of ESG data and ESG infrastructure, and/or pioneer use cases in the financial services industry across other ESG FinTech verticals.Including, but not limited to, ESG RegTech, ESG Risk and InsurTech, Carbon Services, ESG Investment Management, ESG Lending, and ESG Payments.
  • Projects should also seek to establish a strong nexus to Singapore's ESG FinTech ecosystem. Find out more here.
Funding 
  • Up to 50% of qualifying expensesQualifying expenses incurred in direct relation to the project are supported on a reimbursement basis and are limited to basic manpower costs, professional services, hardware/software infrastructure and licenses, equipment, IP rights, and external auditor costs. Applicant is responsible for conducting due diligence on their appointed service provider/ vendor/solution and MAS does not have a list of pre-approved/ recommended of service provider/vendors/solutions.capped at $500,000
  • Funding Duration of up to 18 months

How to Apply

Interested parties are encouraged to engage MAS’ Green FinTech Office to discuss their proposed project ideas. Applicants should submit their applications 3 months prior to the commencement of the project to facilitate project discussions and processing of application.

Interested parties may submit their completed application form (94.9 KB) and project proposal to fintech_office@mas.gov.sg .