BBL launches international finfech startup programmeme
March 16, 2017 14:36 By The Nation
Bangkok Bank Thursday announced its international fintech accelerator programme, Bangkok Bank InnoHub, in partnership with corporate innovation partner, Nest.
Both will work with up to eight startups that are looking to accelerate their growth through a 12-week programme. The selected startups will gain access to Bangkok Bank and Nest’s global network of specialists in technology adoption, who will offer strategic advice to help prepare them for a potential pilot project or integration with the bank. Supplementary curricula, delivered by a team of innovation experts at Nest, and dedicated mentors in the programme will also help startups gain ground on their individual objectives. Meanwhile, Bualuang Ventures, the bank's new venture capital company, can explore new investment opportunities.
Bangkok Bank President Chartsiri Sophonpanich said the Bangkok Bank InnoHub programme will give local startups an opportunity to expand regionally and internationally while offering global startups an opportunity to collaborate with Thai and Asean communities.
Nest CEO Lawrence Morgan said Nest has successfully run similar programmes with major corporates in Hong Kong, Singapore and Nairobi.
“Thailand’s startup ecosystem is going through an exciting period of intense growth and change. We are excited to partner with Bangkok Bank to build further momentum and deliver value for Thailand and the greater region. For the companies selected for this programme, our aim is to not only give them access to opportunities domestically in Thailand, but also to create a hub for early-stage companies looking to gain traction in other Asean markets, thereby positioning Thailand as a gateway into Asean,” Morgan said.
The programme is open to fintech founders of all nationalities, aged 18 and over. Applications will open on March 16 and close on May 10. The programme will conclude in a Demo Day in September 2017.