Startupbootcamp, a vertical-focused startup accelerator founded in 2010 in Copehagen, Denmark, is stepping into Asia for the first time. Its first stop is Singapore, where it will launch a fintech accelerator.
The three-month program begins on May 4, 2015, but the application deadline is March 15. Ten teams will be selected, and each will receive S$24,500 (US$18,000) in financial support along with networking and funding help, masterclasses, and mentorship. The bootcamp ends in a demo day where teams pitch to a room full of investors.
To kick off the program, Startupbootcamp will embark on a road trip around Asia inviting fintech startups to pitch. Check out the full itinerary here.
The entry of the accelerator into Singapore boosts its reputation as an innovation hub, which until recently featured just one bona fide startup accelerator in JFDI. Startupbootcamp is a credible brand which has worked with 200 startups and on average has helped raised almost EUR 500,000 (US$588,000) per team. The Singapore government has recently invested in it through Infocomm Investments.
Partners for the Singapore bootcamp include DBS bank, MasterCard, Route 66 Ventures, SBT Venture Capital, and the Monetary Authority of Singapore, the country’s central bank.
“We need three components in order to set up an innovation program: entrepreneurs and startups, an active industry sector (in this case finance), and an educated mentor and investor community. All three we saw in Singapore,” says Markus Gnirck, global COO of Startupbootcamp. He is running the Asian program.
Startupbootcamp FinTech London Demo Day 2014 Aftermovie from StartupbootcampTV on Vimeo.
See more: Tech in Asia’s coverage on fintech
This post Prominent European accelerator tours Asia, launches fintech bootcamp in Singapore appeared first on Tech in Asia.
Prominent European accelerator tours Asia, launches fintech bootcamp in Singapore
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