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FSTI 3.0 – Center of Excellence

FSTI 3.0 – Center of Excellence
Programme:Financial Sector Technology and Innovation (FSTI) 3.0 – Centre of Excellence
Awards:Up to 50% co-funding on manpower (SCs), 25% on manpower (non-SCs/PRs), and up to 50% rental support capped at S$250,000
Geographical Scope:national
Beneficiaries:public
Key Features:Supports financial institutions, CVCs, and global technology companies to establish Centres of Excellence in Singapore to test-bed and roll out innovative financial market solutions.

KEY INFORMATION

Grant Provider
Monetary Authority of Singapore (MAS)

Max Amount / Support Rate
Up to 50% co-funding on manpower (SCs), 25% co-funding on manpower (non-SCs/PRs), and 50% co-funding on rental capped at S$250,000

Project Duration
24 months

REQUIREMENTS

  • Applicant must be a financial institution, corporate venture capital entity, or global technology company.
  • COE must be led by a senior leader (e.g., head of technology/innovation/venture) based in Singapore.
  • Minimum of 2 senior professionals in the COE team (excluding admin and IT support staff).
  • Focus areas must align with MAS’ developmental strategy and ITM 2025 objectives.
  • Applications must be submitted 3 months before project commencement.

EXPECTED OUTCOME

  • Establish Centres of Excellence in Singapore
  • Roll out innovative market solutions for Singapore and beyond
  • Support MAS’ financial sector developmental strategy and ITM 2025 goals
  • Strengthen Singapore’s role as a financial innovation hub

SUPPORT RATE

Support Rate

  • 50% (for SCs manpower)
  • 25% (for non-SCs manpower)
  • 50% (rental, capped at S$250,000)

Qualifying Expenditure Details

  • Manpower expenses for qualifying roles (team leads, technical/design/venture professionals)
  • Office rental (only for non-FI CVCs and COEs without existing Singapore presence)

SUPPORTED PROJECTS

  • Test-bedding of innovative financial solutions
  • Market roll-out of financial technology initiatives
  • Establishment of CVC-driven innovation hubs in Singapore
  • Development of business and technical solutions aligned with MAS priorities

OTHER IMPORTANT INFORMATION

Engagement with MAS is required before application submission

Our Service Offering in Grants
Our Service Offering in Grants

At FI Group Singapore, we empower businesses to maximise their innovation potential through strategic grant support. Our holistic approach ensures every stage of your funding journey is optimised.

Our grant services include:

  • Roadmap Analysis: We break down your R&D roadmap into distinct projects and work packages to maximise eligibility and grant coverage.
  • Grant Mapping & Matching: We identify and rank the most relevant current and upcoming grant opportunities aligned with your innovation pipeline.
  • Grant Application & Management: From crafting strong, compliant applications to managing submissions and timelines, we guide you every step of the way.
  • Post-Management Support: We support you beyond approval, ensuring compliance, reporting, and successful project delivery.
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