Franklin Templeton and F10 Launches Early-Stage Fintech Incubator in Singaporeby Fintech News Singapore February 9, 2022
Asset manager Franklin Templeton has partnered with fintech startup accelerator F10 for a two-year joint incubation programme in Singapore which will kick-off in July 2022.
The “FT Singapore Fintech Incubator” will be supporting early-stage fintech startups in Singapore and the region.
The startups admitted into the programme will receive seed funding from Franklin Templeton and are expected to be housed at 80RR fintech hub in the heart of Singapore’s business district.
Franklin Templeton and F10 are focused on artificial intelligence/machine learning, capital markets technology, cybersecurity, blockchain, P2P lending, digital distribution and wealth management technology, insurtech, regtech, data science and predictive behaviour analytics, among many others.
The selected startups for this incubation programme will utilise Franklin Templeton and F10’s incubation curriculum, including two years of residency, individualised milestone-based programming and receive extensive mentoring and guidance from both entities.
The entrepreneurs can further leverage on F10’s ecosystem of 120+ venture capitalists, a global corporate partner network in the financial services industry, and its mentor network of over 70 individuals.
Startups admitted into the FT Singapore Fintech Incubator may be considered for collaboration opportunities with Franklin Templeton, including early business unit exposure, technology steering, and potential Beta customer trials and early-stage funding.
Chetan Karkhanis, SVP, Digital Strategy and Wealth Management APAC and lead for the incubation programme in Singapore at Franklin Templeton, said
“Singapore is a fast-growing and dynamic fintech and innovation hub not only for Asia but the world.
We seek to partner with and nurture a promising talent base while continuing to support the innovation hub in Singapore, with a view to develop an APAC regional fintech ecosystem which actively engages with local stakeholders including academic and research institutions as well as government entities.”
“Franklin Templeton’s experience of working with startups in North America paired with F10’s well established incubation programmes in Singapore offers a unique opportunity for founders from across APAC (Asia Pacific) to join the programme.
We are convinced that our collaboration with Franklin Templeton for this incubation programme will repeat the success that both organisations have achieved with their existing programmes,”
said Jonas Thürig, Head of F10 Singapore.