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Standard Chartered launches FinTech Accelerator Program
Standard Chartered launched a new SuperCharger FinTech Accelerator Program in Hong Kong today. In a unique collaboration, the UK bank has partnered with fellow-heavyweights Baidu, China’s top internet search engine, and TusPark Global Network which has already incubated 19 companies in its technology parks that have subsequently listed.
The venture aims to encourage innovation and entrepreneurship by helping local and international early-stage as well as more established FinTech companies grow in Asia’s dynamic markets.
Technopreneurs will be part of a structured curriculum and receive coaching and mentoring from Baidu’s technologists, Standard Chartered’s bankers together with venture capitalists and industry experts to refine their business model, develop market entry strategies, navigate the regulatory landscape and identify joint ventures opportunities.
“Hong Kong’s vibrant international financial ecosystem as well as strategic location as a gateway to China, one of the world's largest FinTech market opportunities, makes it the perfect place to co-create the future of financial services with technopreneurs at the intersection of finance and technology,” said Ericson Chan, Standard Chartered’s regional chief information officer, Greater China and North Asia.
The program kicks off today with a call for technopreneurs to come forward with their business ideas. Applications will close on 20 November 2015. Throughout October, a roadshow will travel in search of the best businesses worldwide with stops including London, New York, Tel Aviv, Singapore and Beijing.
Between January and April selected businesses will then have the chance “to explore cross-pollination of ideas between other verticals such as IoT, media and hardware, located within this world-class innovation hub,” said Standard Chartered in a statement.
Photo: Thomas Fan