Japan's NTT Data is the latest in a long list of suitors, willing to provide a platform for financial technology startups in Singapore.
Joining forces for the second year, Rainmaking Innovation/Startupbootcamp and NTT Data (NTTD) are seeking out the best talent for the key Asia Pacific stops in Melbourne, Mumbai and Singapore, bringing startups the opportunity to explore expansion into the Japanese market jointly with NTTD.
Startups seeking global expansion stand to benefit from NTT'D's vast global network, encompassing 210 cities in 51 countries and more than 110,000 people (as of March 31, 2017). The business innovation contest is seeking collaboration with venture business startups especially those exploring fintech, insurtech, financial inclusion and regtech.
The Japanese Carrot
As a source of deepening financial technology talent aligned with a plentiful supply of capital seeking investment opportunities, Singapore has become a magnet for financial technology innovation events.
What may differentiate the NTTD program is the leverage the firm has in the Japanese market where mobile and e-commerce industries have begun to grow rapidly and have developed into strong pillars of the Japanese economy.
«The Contest 5.0 (the previous and first global contest) was a really strong engine to meet up with unparalleled 10 startups from all over the world and with 7 startups we have started to discuss and work for concrete business development,» said Kotaro Zamma, head of Open Innovation and Business Incubation at NTTD.
