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The FinLab

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FinLab is a joint venture between United Overseas Bank (UOB) and SGInnovate to promote and accelerate fintech startups in Singapore. The program aims to provide start-ups with valuable insights, analytics and a strong infrastructure to propel their businesses to the next level. The accelerator platform runs for 100 days with selected 10 startups. The program offers mentorships, lectures, VC & Business networking opportunities, software licenses, free coworking space at BASH (Build Amazing start-ups Here) in exchange for 6% equity. All selected start-ups into THE FINLAB’s acceleration programme can potentially have UOB as their first client. 

The platform has wide connections in ASEAN, Greater China, Europe and the United States.

Location:
Singapore
Type of engagement:
Accelerator
Main sponsors:
United Overseas Bank (UOB) and SGInnovate
Incentive for startups

1.S$30,000 seed funding upon acceptance, in return for a 6% equity stake.

2. Access to software such as cloud hosting, analytics and other software tools.

3. Free co-working space.

4. Access business networks to build contacts into the region.

5. Access to VC networks to help scale the businesses faster.

Twitter handle
the_finlab

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