Digital Acceleration Grant

Digital Acceleration Grant

The Digital Acceleration Grant (DAG) scheme supports small Singapore-based financial institutions and FinTech Firms to adopt digital solutions to improve productivity, strengthen operational resilience, have better risk management, and enhanced customer experience.

Scheme Parameter:
  • Receive 80% co-funding for qualifying expenses submitted by 31 December 2021.
  • Funding duration is a minimum of 6 months.
  • Life Insurance & General Insurance Agencies with not more than 200 appointed representatives/ agents and employees.

DAG-qualified Solution Category

  • Cloud services.
  • Communication and collaboration tools.
  • Compliance & KYC tools (including transaction monitoring tools).
  • Customer relationship and engagement tools (including digital customer onboarding, excluding fees for web domains).
  • Data-related services (including data warehousing, data automation, data analytics).
  • Enterprise services (including HR and accounting systems, excluding email services and internet connectivity fees).
  • Marketing productivity tools (including customer sensing tools, insights generation, excluding advertising and SEO expenses).
  • Office productivity tools (exclude basic software for individual uses, e.g. Microsoft Office, Windows Operating System).
  • Project management, development and testing tools.
  • Security-related solutions (excluding anti-virus software for individual laptop/ desktop use, firewalls and switch ports, and VPN tokens).
  • Digital solutions/ software to support alternative working arrangement, operational resilience and BCP.
DAG Funding Support

DAG Funding Support

80% co-funding of qualifying expenses listed below, capped at $120,000 per entity, for the duration of the scheme:

  • Digital solution/ software, including licenses and subscription cost
  • Professional services tied to the adoption of digital solution (e.g. training, installation)

Life insurance (LI) and General Insurance (GI) agencies can claim qualifying expenses incurred from 1 April 2021. Applications must be submitted by 31 December 2021. The funding period is a minimum of 6 months.

Adopting Technologies with WIZTECH

Simplify your journey of technology adoption with WIZTECH. As a one-stop technology solution provider for businesses with end-to-end services, we have been working with DAG-approved solutions such as cloud services, Acronis Cyber Protect to communication and collaboration tools.

Start adopting technology with us for your business today. We’ll simplify the process for you!

Contact us

WIZTECH is a high-growth company, listed on Top 100 Fast Moving Companies Singapore 2018. SME100