LumenLab, MetLife’s Singapore-based innovation center, announced 6 finalists for its startup engagement program.
The U.S. insurance giant announced the contenders for «collab 2.0», an open innovation platform matching startups with opportunities within MetLife Japan. MetLife’s Singapore-based innovation center handed out $100,000 to the winner of its inaugural corporate-startup engagement program earlier this year.
Launched in August 2017, the competition aims to provide a platform for innovators to tackle future business needs and to work on solutions to known challenges in the areas of customer engagement, sales, backend operations, and frontend operations.
Robotics and AI
Collab 2.0 attracted over 111 applications from 24 countries and after a rigorous application review process, 6 startup applicants have been selected to pitch their business ideas to senior MetLife executives at the demo day on 8 December 2017.
The 6 startup finalists are Concierge U, Gnowbe, Moneytree, Montoux, TrustSphere, and WorkFusion. The final line up showcases technological solutions ranging from artificial intelligence (AI), predictive analytics, to robotics process automation (RPA).
LumenLab will host the collab 2.0 demo day on 8 December 2017 in Tokyo. The judging panel will comprise nine senior executives from MetLife Japan and LumenLab. The successful finalist will receive a JPY 10 million contract to implement a pilot within MetLife Japan.
«Our finalists represent the best in creativity and innovation, and brought fresh thinking to address the evolving needs of the insurance customer,» said Zia Zaman, LumenLab CEO and chief innovation officer of MetLife Asia.
