Startups across the region are now able to register for the 12-week program aimed at developing their business model and refining their products through the organization’s mentorship program, which features industry executives from the fintech space. The program culminates with a Demo Day in November where participants can showcase their progress and ideas with the hope of securing additional funding.
“Cyberport is committed to nurturing fintech startups and supporting their ability to scale-up. We are greatly honored to partner with Accenture to organize the FinTech Innovation Lab Asia Pacific program for the eighth consecutive year,” Eric Chan, chief public mission officer at Cyberport, said in a statement. The 2021 iteration of the program will introduce challenge-based elements taking the form of several “problem statements” provided by institutional partners, according to the announcement. The startups that present the most innovative solutions to problems will be selected to the mentorship program.
“Through Accenture’s international fintech network, Cyberport startups can keep abreast of the latest trends in the global fintech industry and exchange ideas with outstanding startups around the world. Twenty world-renowned financial institutions will share their operational pain points during this year’s program, allowing participating startups to contribute innovative solutions that cater to market needs. This collaboration will expand opportunities for technology adoption and will help to pair startups with investors,” said Chan.
From Twitter:
FinTech Wales @WalesFintech Apr 21
"All the cool founders are moving to Wales... Applications are open for the UK’s newest, biggest, no equity #FinTech accelerator! Apply now at https://lnkd.in/d8xx_t8 to get your deck seen by Wales’ biggest institutions and the chance to work on a signed deal this summer!"
The teams selected to participate in the program, through the Cyberport community, will have access to more than 1,650 startups and companies as well as access to Accenture’s global ecosystem. Finalists from the 2021 crop will be afforded a chance to join the two year-long Cyberport Incubation Program, according to the FinTech Innovation Lab.
Applications to the program close on Monday, May 17.
The FinTech Innovation Lab Asia Pacific program is modelled after another Accenture program founded in 2010, the Partnership Fund for New York City. The 2021 slate of New York participants was recently announced, and is as follows.
- Cinchy of Toronto, Canada
- CoverGo of Hong Kong/Singapore
- Delio of Cardiff, U.K.
- Quarrio of Berkeley, Calif.
- Rightfoot of San Francisco
- Safekeep of New York
- SPIN Analytics of London/New York
- The Climate Service of Durham, N.C.
- Util of London
- Vesttoo of Tel Aviv
“We’re excited about the innovation this competitive class of fintech companies is bringing to New York City,” Maria Gotsch, president and CEO of the Partnership Fund for New York City, and co-founder of the FinTech Innovation Lab, said in a statement. “The Lab has spurred fintech’s growth in New York over the past 11 years, turning the city into a hub for talent and innovation, and now the industry is poised to play a major role in its recovery.”
