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Standard Chartered launches a FinTech Accelerator Programme in HK

Nurdianah Md Nur | Oct. 7, 2015
The programme, which is held in partnership with Baidu and will commence next year, aims to encourage innovation and entrepreneurship in the city.

Hong Kong at night

Standard Chartered Bank has partnered Internet giant Baidu to launch a financial technology (FinTech) accelerator in Hong Kong called the SuperCharger FinTech Accelerator Programme.

Under the programme, technopreneurs will be part of a structured curriculum that includes coaching and mentoring from experts to refine their business model, develop market entry strategies, navigate the regulatory landscape, and identify joint ventures opportunities. Experts include Baidu's technologists, Standard Chartered's bankers, as well as venture capitalists and industry experts.

Technopreneurs interested in the programme could register at from now till 20 November 2015. The programme will start on 11 January 2016 at Tuspark Global Network's FinTech innovation hub in Hong Kong, and concludes on 8 April 2016 with a demo day.

Besides this programme, Standard Chartered has been committed to supporting businesses using innovation and new technologies. For instance, the bank is working with the authorities of Zhongguancun Science and Technology Park (China's Silicon Valley) to create a positive financing environment for promising startups by helping to address their funding needs, as well as help the companies to establish credit records. The partnership will support entrepreneurs to grow internationally by enabling better access to trade financing, forex management and cash flow management.

The bank is also supporting the Technology Incubator for Women Entrepreneurs programme, an initiative with City College New York's Zahn Innovation Center that is targeted at early-stage startups by female student entrepreneurs. The partnership aims to encourage entrepreneurship among female students by providing support, guidance, and resources needed to support start-ups, and in doing so benefiting economic development in New York City and beyond.

 "Standard Chartered is proud to be a founding partner of this SuperCharger FinTech Accelerator Programme -- continuing the bank's strong record of supporting and encouraging innovation which we believe is a key driver of economic growth and prosperity," said Ericson Chan, the bank's regional CIO for Greater China and North Asia. "Hong Kong's vibrant international financial ecosystem as well as strategic location as a gateway to China, one of the world's largest FinTech market opportunities, makes it the perfect place to co-create the future of financial services with technopreneurs at the intersection of finance and technology."


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