Centre of Excellence (FSTI 3.0)

Attracts financial institutions, corporate venture capital entities, and global technology companies to set up centres of excellence in Singapore for test-bedding innovative ideas and rolling out market solutions. Provides co-funding on manpower and rental expenses for up to 24 months.

Who can apply

Financial institutions, corporate venture capital entities, and global technology companies intending to set up a Centre of Excellence in Singapore.

Perks & benefits

Co-funding on manpower expenses up to 50% for SCs and 25% for non-SCs (including PRs) for 24 months
Co-funding on rental expense up to 50% capped at $250,000 for 24 months

Sources

Links used by the AI to gather information about this grant.

Funding

Up to SGD 250k

Deadline

16 July 2026

Opens

24 May 2026

Organiser website View source

Get started free

Eligibility criteria

The applicant should be a financial institution (FI), a corporate venture capital entity (CVC) or a global technology company which intend to set up a Centre of Excellence in Singapore.
The COE team should be led by an individual of sufficient seniority (e.g. head of technology/innovation/venture) to anchor senior internal sponsor in Singapore.
The COE team should consist minimally of 2 senior professionals (excluding general administrative and IT staff).
COE set up in Singapore should lead the rollout of innovative market solutions for the Singapore market and beyond.
Proposed focus areas of innovation should be consistent and aligned with MAS' developmental strategy and objectives for the financial sector, including ITM 2025 targets.

Centre of Excellence (FSTI 3.0)

Perks & benefits

Sources

Similar grants