DBS Accelerator Is Searching Its Next Cohort

The Nest-powered DBS Accelerator, which is aimed at innovative and scalable Fintech startups, has announced it is searching for startups to become part of its second cohort.

Through the programme, the selected cohort will be supported in every way possible to deliver breakthrough innovations and technologies in FinTech to make significant impact in the finance world.

The cohort will be housed in the Vault, a dedicated state-of-the-art 5,000-square foot workspace in the heart of Wan Chai, where they’ll be mentored by a team from DBS Bank (Hong Kong) Limited and NEST senior executives as well as other partners, to help them grow and develop.

The CEO of Nest, a full-service start up incubator, Simon Squibb said, “We are very excited to be working with DBS Hong Kong again on a project that is making a real and valuable contribution to the development of FinTech in Asia. Our first cohort featured 10 exceptional entrepreneurs from around the globe but they had one thing in common – aspirations to build their business in Hong Kong and scale it across Asia and beyond. Our programmes give founders access to a network and support that can make a difference,”

He added, “As we embark on another chapter, I am personally looking forward to working with the companies in the new cohort to give them the best possible chance of success.”

The programme will begin in July 2016 and conclude with a Demo Day in November 2016. Interested African startups should apply on or before June 5, 2016.

The first instalment of the accelerator, which had two African startups – Creditble and Superfluid Labs – concluded with a Demo Day in November 2015.

Through the programme, DBS Bank and Nest are playing a key role in fostering opportunities for innovators from across Asia and around the world to shape the future of finance.

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