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42TIMESBUSINESSDIRECTORYOFSINGAPORE2025/2026GOVERNMENTDEVELOPMENTASSISTANCEPROGRAMMESFORSPECIFICSECTORSSectorProgrammesDescriptionFinancialServicesFinancialSectorTechnologyandInnovationScheme(FSTI30)CentreofExcellenceGrantSupports financialinstitutionsCorporate VentureCapital entities(CVCs) andglobalTechnologycompaniestosetupcentresofexcellenceinSingaporetotest-bedinnovativeideasandrolloutmarketsolutionsFinancialServicesEnterpriseDevelopmentGrant(EDG)TheEDGhelpsSingaporecompaniesgrowandtransformThisgrantsupportsprojectsthathelpyouupgradeyourbusinessinnovateorventureoverseasReceiveupto70%supportforeligiblecostsFinancialServicesFinancialSectorTechnologyandInnovation(FSTI)Scheme-ArtificialIntelligenceandDataAnalytics(AIDA)GrantTheAIDAgrantsupportsprojectsthatdemonstrateadoptionofAI&DAtechniquesthatachievebusinessobjectivesofstrategy&decisionmakingwithconsiderationofworkforceimpactFinancialServicesFinancialSectorTechnologyandInnovation(FSTI)Scheme-IndustrywideTechnologicalInfrastructureorUtilityTheFSTIIndustry-wideProjectsschemeseekstobuildindustry-widetechnological/utilityinfrastructureand/orimproveefficiencyandboostproductivityinthefinancialservicessectorFinancialServicesFinancialTrainingScheme(FTS)TheFTSprovidesfundingforfinancialsector-specifictrainingprogrammeswhicharerecognizedunderFTSFinancialServicesFSTIInnovationAcceleration-EarlyInnovationProvidesfundingsupportforexperimentationdevelopmentanddisseminationofnascentinnovativetechnologiesinthefinancialservicessectorTheFSTISchemeisvaliduntilMarch2026FinancialServicesGrantforEquityMarketSingapore(GEMS)-ResearchTalentDevelopmentTheGEMSResearchTalentDevelopmenttracksupportsfinancialinstitutionsindevelopingequityresearchcapabilitiesFinancialServicesInstituteofBankingandFinanceStandardsTrainingScheme(IBF-STS)TheIBF-STSprovidesfundingforprogrammesaccreditedundertheIBFstandardsFinancialServicesRegulatoryTechnologyGrantSupportfinancialinstitutionsbasedinSingaporetoenhancetheefficiencyoftheirriskmanagementandcompliancefunctionsthroughtheuseoftechnologicalsolutions–Contd
