FSTI Manpower at a glance
Agency
Monetary Authority of Singapore (MAS)
Programme
Financial Sector Technology and Innovation Scheme (FSTI 4.0)
Support type
Co-funding
Status
Open
Applicants
FinTech firms
Supported activity
Eligible internships for local IHL students
Support
Up to 80% of monthly stipend
Cap
S$1,000 per month
Local ownership
No local ownership requirement stated
What does the Manpower track support?
The track supports FinTech firms hiring local Institute of Higher Learning students for eligible internships across business, technology and other FinTech-related roles.
The policy objective is workforce and talent development rather than technology-project funding.
Who can apply?
The applicant is a FinTech firm hiring an eligible local IHL student under the supported internship route.
No local-shareholding requirement is stated.
The internship itself must satisfy the programme's eligibility conditions, and the FinTech Internship Portal is the relevant operational route for the internship programme.
How much support is available?
Support is up to 80% of the monthly internship stipend, capped at S$1,000 per month.
This cap applies to the stipend subsidy rather than to a broader technology-project budget.
What expenditure can qualify?
The supported cost is the monthly internship stipend for an eligible internship.
This is therefore materially narrower than other FSTI tracks that support technology projects, infrastructure or innovation centres.
Key conditions
The main conditions are:
- the applicant is a FinTech firm;
- the intern is an eligible local IHL student; and
- the internship follows the relevant FSTI/FinTech Internship Portal conditions.
Is FSTI Manpower relevant to your company?
A strong fit is a FinTech company planning structured internships for eligible local students and looking to build its Singapore talent pipeline.
A weaker fit is a company looking to fund permanent headcount, general employee training, or a technology-development project. Other workforce or technology incentives may be more relevant in those cases.
How Reeve | R&D supports FSTI Manpower
Reeve | R&D can manage the incentive workstream—eligibility assessment, funding modelling, application preparation, agency interaction and post-award requirements—while the company remains the formal applicant where required by the programme.
Frequently asked questions
How much support is available?
Up to 80% of the monthly internship stipend, capped at S$1,000 per month.
Who is the programme for?
FinTech firms hiring eligible local IHL students for internships.
Is local ownership required?
No local ownership requirement is stated for the track.
Does the grant fund permanent employee salaries?
The current track is focused on eligible internship stipends rather than general permanent headcount.
Official programme sources
mas.gov.sg (opens in a new tab)Last verified: 2026-10-01