DBS kicks off second accelerator round

Source: DBS Bank

Following the success of the inaugural DBS Accelerator in Hong Kong in 2015, DBS Bank (Hong Kong) today kicked off the second edition of the programme.

The participating startups have been selected because of their vision and potential to shape the future of finance with innovative FinTech solutions in areas such as artificial intelligence, blockchain, gamification, and more.

The participating startups were selected from more than 150 applicants from around the world, including from Hong Kong, Singapore, China, Thailand and the US. They will follow in the footsteps of the inaugural batch of startups, many of which have successfully scaled up and expanded their business in Hong Kong as well as regionally and internationally, as a result of their participation in DBS Accelerator.

DBS Bank (Hong Kong) CEO Sebastian Paredes, said, “FinTech innovations in artificial intelligence, big data, blockchain and more are spurring many exciting breakthroughs that will shape the way consumers and corporations transact and interact. As an active participant in the FinTech ecosystem, we are very pleased to see DBS Accelerator helping innovative FinTech startups unlock their potential. We are committed to being an active participant in shaping the future of finance.”

Nest CEO Lawrence Morgan said, “We are excited to, once again, be partnering with DBS Bank in Hong Kong. We pride ourselves on delivering mentor-focused programmes to not only support corporates in their innovation goals but also to give entrepreneurs the chance to harness the power of the world’s biggest businesses. Yes, the education is important, but what really differentiates this corporate accelerator is the unprecedented access founders have to senior members of DBS and Nest, and to external industry mentors who have committed to supporting entrepreneurs during an important period of growth and commercial validation.”

About DBS Accelerator
DBS Accelerator is a collaborative initiative between DBS Bank (Hong Kong) Limited and Nest, the leading Hong Kong-based startup incubator and full-service ecosystem. The intensive accelerator programme is housed in “The Vault”, a state-of-the-art 5,000-square foot workspace in the heart of Wan Chai. DBS Accelerator kicks off with orientation week. The participating startups have access to vast resources and mentor support, and are guided through their business growth and development with the help of business mentoring from DBS Bank (Hong Kong) Limited and Nest senior executives as well as other partners. Each participant will refine their business model under the accelerator programme, which concludes with the Demo Day, where their ideas can find support to further scale up.

DBS Accelerator is also supported by industry leading partners, including Amazon Web Services, Envestnet, Esri, Microsoft, IBM, InvestHK, KPMG, Softlayer, Yodlee and Thomson Reuters. Ovolo Hotels is the programme’s accommodation partner.

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