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!

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