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Short Answer: If your business is registered in Singapore, has at least 30% local equity, and is financially ready to start and complete a project that drives growth or transformation, you likely qualify.
But let’s break it down clearly.
What Is the EDG?
The Enterprise Development Grant (EDG) supports Singapore-based companies in upgrading, innovating, and expanding overseas. It covers costs related to:
- Consultancy
- Equipment and software
- Internal manpower
It’s administered by Enterprise Singapore and is one of the most versatile grants available.
EDG Eligibility Checklist
Here’s a quick way to know if your company qualifies:
| REQUIREMENT | DETAILS |
| Business Entity | Registered and operating in Singapore |
| Local Equity | At least 30% held by Singaporean(s) or PR(s) |
| Financial Health | Able to start and complete the project |
| Project Status | Must not have started before application |
| Project Type | Must fall under one of the 3 supported categories (see below) |
What Types of Projects Are Supported?
Your project must fall under one of these three strategic categories:
- Core Capabilities
- Business strategy development
- Financial management
- Human capital development
- Strategic branding and marketing
- Innovation & Productivity
- Process redesign
- Automation
- Product development
- Market Access
- Overseas market expansion
- International branding
- Market entry strategies
How Much Funding Can You Get?
- Up to 50% of eligible costs for most projects
- Up to 70% for sustainability-related projects (until 31 March 2026)
Funding is reimbursed after project completion and audit.
Learn more about the EDG here
Not Sure If You Qualify?
FI Group Singapore offers free eligibility assessments. We’ll help you:
- Identify the right grant
- Prepare your application
- Maximise your funding
Contact us for a free consultation
As Singapore’s fintech sector rapidly evolves, AI and automation are emerging as key drivers of transformation. With strong government support, a thriving startup ecosystem, and a forward-thinking regulatory environment, Singapore is positioning itself as a global leader in AI-powered financial services.
Trends Shaping AI in Fintech for 2025
- Hyper-Personalized Financial Services
AI-powered platforms are delivering tailored banking and investment solutions at scale. Robo-advisors like StashAway and Endowus leverage machine learning to analyze user profiles and market data, offering personalized investment portfolios that adapt in real time to market changes.
- Automated Compliance and Fraud Detection
Singapore’s financial institutions are deploying AI models for real-time transaction monitoring and anti-money laundering (AML) compliance. These systems rapidly detect anomalies and suspicious activities, reducing risk and operational costs while boosting consumer trust.
- Conversational Banking and Intelligent Customer Support
AI chatbots and virtual assistants are transforming how customers interact with banks. OCBC’s AI-powered chatbot, for example, handles millions of customer queries annually, providing instant, 24/7 support and freeing up human advisors for more complex tasks.
- Smart Credit Scoring and Inclusive Lending
Fintech startups are using AI to analyze alternative data sources—such as transaction histories and digital footprints—to assess creditworthiness. This innovation expands access to credit for underbanked populations and SMEs, supporting Singapore’s financial inclusion goals.
Looking to leverage AI innovation grants or R&D tax incentives in Singapore?
At FI Group, we help fintech companies unlock government funding and optimize their innovation strategies.
Talk to our experts and discover how we can support your growth.
R&D and Industry Collaboration in AI Fintech Landscape
Singapore’s National AI Strategy 2.0 and the Monetary Authority of Singapore’s (MAS) Financial Sector Technology and Innovation (FSTI) scheme are driving R&D in AI. Recent initiatives include the establishment of AI innovation labs, industry-wide AI risk management frameworks, and partnerships between banks, tech giants, and research institutes to accelerate AI adoption.
Government Support and Funding for AI Inovation
Singapore’s government is investing heavily in AI and automation for fintech through programs such as:
- MAS FSTI Artificial Intelligence and Data Analytics (AIDA) Grant: specifically designed to promote the adoption of AI and data analytics in the financial sector providing up to 30% co-funding of qualifying expenses for Singapore-based financial institutions, fintechs, and industry consortiuums.
- Tax Deductions: Singapore offer Tax Incentives that include R&D Tax Measures and Enterprise Innovation Scheme (EIS) that provide 400% tax deductions on eligible Research and Development (R&D) activities, helping businesses in Singapore reduce their tax liabilities and support innovation.
These initiatives lower the barriers to entry for fintechs and financial institutions, enabling them to pilot, scale, and commercialize AI-driven solutions. For a broader look at the innovations and government support shaping this space, explore our article on Singapore’s 2025 Fintech Innovations.
How FI Group Can Help
Navigating Singapore’s funding ecosystem and maximizing R&D incentives can be complex.
Discover how we can help you secure public funding, maximize R&D incentives, and lead the next wave of financial innovation.
In today’s fast-paced digital economy, cybersecurity has become a top priority for businesses in Singapore. With the rise of sophisticated cyber threats, companies are increasingly turning to Artificial Intelligence (AI) to bolster their defenses. AI offers transformative solutions such as real-time threat detection, automated incident response, and predictive analytics. However, adopting AI-driven cybersecurity solutions can be resource-intensive. This is where FI Group Singapore comes in, helping businesses access public funding, grants, and incentives to support their R&D efforts in AI technologies.
Discover how AI is reshaping cybersecurity and learn how your business can take advantage of government-backed funding opportunities.
Trends in AI Cybersecurity
- Predictive Threat Detection: AI algorithms can analyze vast amounts of data to predict and identify potential threats before they occur. This proactive approach helps in mitigating risks more effectively than traditional reactive methods.
- Automated Incident Response: AI systems can automate the response to security incidents, reducing the time and effort required to contain and resolve threats. This automation ensures that businesses can quickly recover from attacks and minimize downtime.
- Enhanced Network Monitoring: AI-powered systems continuously monitor network traffic to detect anomalies and suspicious activities. This real-time monitoring allows for swift action against potential threats.
Opportunities for Singapore Businesses
Singapore’s robust cybersecurity framework, coupled with government initiatives like the Cyber Security Agency of Singapore (CSA), provides a conducive environment for businesses to leverage AI in cybersecurity. Here are some opportunities:
- Access to Grants: Singapore provides funding schemes such as CSA Cybersecurity Co-Innovation and Development Fund (CCDF)
- Encouraging R&D Investment: Businesses investing in cybersecurity R&D can benefit from tax deductions under the Enterprise Innovation Scheme (EIS).
- Collaboration and Innovation: Singapore’s vibrant tech ecosystem encourages collaboration between startups, established companies, and research institutions, fostering innovation in AI cybersecurity solutions.
How FI Group Can Help
At FI Group Singapore, we specialize in helping businesses obtain public funding opportunities for R&D projects, including those focused on AI-Driven cybersecurity solutions. Our team of experts works closely with you to identify and apply to grants and incentives in Singapore, assessing your project’s eligibility for government funding programs tailored to AI and cybersecurity R&D.
By partnering with us, you can focus on developing cutting-edge cybersecurity technologies while we handle the complexities of securing financial support.
Take the Lead in Cybersecurity Innovation
AI is revolutionizing the way businesses approach cybersecurity, but implementing these advanced solutions often requires significant investment. Fortunately, Singapore’s government offers extensive support through grants and incentives for companies pursuing R&D in this area. FI Group is here to help you navigate these opportunities and secure the funding you need to innovate confidently.
