FSTI 3.0 — Quantum Track

The Quantum Track is a major FSTI 3.0 allocation under the Monetary Authority of Singapore, with an additional S$100 million set aside in July 2024 for quantum and AI capability building in the financial sector. It is organised as a four-part programme that spans Technology Centres, Technology Innovation, Security pilots for PQC and QKD, and Talent Development. The track is intended to anchor advanced capability in Singapore rather than fund isolated experiments elsewhere. The funding terms vary by sub-track. Technology Centres can receive up to 50% co-funding for 24 months and must maintain a physical Singapore presence with at least five qualifying quantum professionals, including two senior staff. Technology Innovation also offers up to 50% co-funding, with industry-wide projects running for up to 36 months on other qualifying expenses. Security pilots are capped at SGD 200,000 per financial institution per pilot at up to 30% co-funding, and each applicant may submit no more than three applications. Eligibility opens, depending on the sub-track, to financial institutions, professional organisations, industry consortiums, academic institutions, and non-FI solution providers. MAS is signalling that the most persuasive proposals will bring in local expertise, a specific financial-services use case, and a route to adoption inside Singapore. The physical-presence requirement for centres and the limits on security applications show that the track is meant for serious builds, not general awareness projects. Applicants that can show a staffed Singapore base, a clear technical scope, and a practical deployment plan will read as the strongest fit.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.