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THE FINLAB invites Thai Fintech Start-ups to apply for Acceleration Programme

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THE FINLAB, a joint venture company between United Overseas Bank Ltd (“UOB”) and Infocomm Investments Pte Ltd (“IIPL”), invites Thai fintech start-ups to apply for its acceleration programme slated to start in May 2016 in Singapore.

What is THE FINLAB?

THE FINLAB accelerates the development of disruptive FinTech start-ups changing our world today. Through our deep expertise and broad experience in the financial industry and the venture capital ecosystem, we provide start-ups with valuable insights, analytics and a strong infrastructure to propel their businesses to the next level. A joint venture between Infocomm Investments Pte Ltd (IIPL) and United Overseas Bank Ltd (UOB), our wide connections in ASEAN, Greater China, Europe and the United States provide our start-ups an unparalleled access to the global market for growth and expansion.

Why should fintech start-ups apply to join The Finlab’s acceleration program, and what’s in it for them should they get selected?

It is a fact that early stage start-ups face a failure rate of higher than 90%. The causes are usually bad business models and/or lack of experience of the team in planning, execution, and tapping into the right networks for resources like funding.

These can be largely mitigated when start-ups join THE FINLAB’s acceleration programme; and for an intense 3-month period, they get to refine their business and revenue models by leveraging the knowledge, experience and networks of the mentors
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Techsauce is the partnership of two titans in the Thai technology startup industry between Thumbsup, the leading technology media in Thailand and HUBBA, the biggest coworking space network in Thailand.

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