FSTI 4.0 - Institution Project Track (FSTI 4.0 IP)
· Last verified 23 Oct 2026Co-funds Singapore-based financial institutions and fintechs to develop and deploy frontier-tech solutions in AI, distributed ledger or quantum technology.
- Support
- Up to 50% of qualifying expenses, capped at S$1 million, over up to 24 months.
- Maximum funding
- S$1,000,000
- How to apply
- Email MAS (fintech_office@mas.gov.sg)
- Apply before starting?
- Yes, before any commitment or payment
Recent changes
FSTI 4.0 announced 31 Aug 2026: S$220m over 3 years, six tracks (Centre of Excellence, Infrastructure & Platform, Institution Project, GFH Scale-Up Grant, Manpower, AI Pathfinder). Replaces FSTI 3.0 (S$150m, Aug 2023 to Mar 2026).
Who is eligible
- Registered and operating in Singapore
- Singapore-based financial institution or FinTech
- Max 2 applications per applicant over the scheme period
- Project must focus on AI, DLT or quantum technology
- Must show significant business impact, technical feasibility and innovativeness
- Routine digitalisation, off-the-shelf implementations and pure process-efficiency projects are not eligible
Quick eligibility check
- 1. Are you a Singapore-based financial institution or FinTech firm?
- 2. Does your project use AI, distributed ledger or quantum technology?
- 3. Is it more than routine digitalisation or an off-the-shelf implementation?
- 4. Can you complete it within 24 months?
- 5. Have you submitted fewer than 2 Institution Project applications under FSTI 4.0?
- 6. Has the project NOT started yet?
0 of 6 answered.
What it covers
- Manpower (base salaries)
- Professional services
- Hardware/software infrastructure
- Subscriptions and licences
- IP rights
- External auditor's certification
How to apply
- Discuss the project with MAS FinTech Office
- Submit application before project start
Claims: Per MAS Letter of Offer; external auditor certification is a qualifying cost.
Documents you need
- Project proposal (objectives, technology, business impact, milestones)
- Budget by qualifying cost category
- Preliminary workforce disruption assessment (if staff may be affected)
- ACRA business profile / MAS licence details
- Team CVs
Frequently asked questions
What is the FSTI 4.0 - Institution Project Track?
Co-funds Singapore-based financial institutions and fintechs to develop and deploy frontier-tech solutions in AI, distributed ledger or quantum technology.
How much funding does FSTI 4.0 IP give?
Up to 50% of qualifying expenses, capped at S$1 million, over up to 24 months.
Who is eligible for FSTI 4.0 IP?
Applicants must be registered and operating in Singapore. Singapore-based financial institution or FinTech Max 2 applications per applicant over the scheme period Project must focus on AI, DLT or quantum technology Must show significant business impact, technical feasibility and innovativeness Routine digitalisation, off-the-shelf implementations and pure process-efficiency projects are not eligible
How do I apply for FSTI 4.0 IP?
Apply through Email MAS (fintech_office@mas.gov.sg). You must apply before the project starts or any payment is made.
What documents do I need for FSTI 4.0 IP?
Project proposal (objectives, technology, business impact, milestones); Budget by qualifying cost category; Preliminary workforce disruption assessment (if staff may be affected); ACRA business profile / MAS licence details; Team CVs.
Sources
- Official page: https://www.mas.gov.sg/schemes-and-initiatives/mas-fsti-institution-project
- https://www.mas.gov.sg/schemes-and-initiatives/fsti-scheme
- https://www.mas.gov.sg/news/media-releases/2026/mas-commits-s$220-million-to-support-next-phase-of-fintech-innovation
Information last verified on 23 Oct 2026. Grant rules change often. Always confirm with Monetary Authority of Singapore before you apply.
