Franklin Templeton and F10 to Launch Fintech Incubator in Singapore
- The incubation program will support emerging financial technology companies.
- The two-year program will start in July 2022.

One of the world’s biggest independent asset management firms, Franklin Templeton announced a partnership with F10, a prominent startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is created by at least one or more entrepreneurs. These seek capital as a means to bypass a limited availability of capital and combat high costs. This is why startups seek funding from funding rounds, crowdfunding, venture capitalists, financial institutions, or other sources. What Makes Startups Successful?Given the fact that most startups fail, the first three years of a startup are critical which is why startup founders require capital for talent acquisition, creating effective business models and plans.In parallel it is important to provide proof-of-concept for the long-term through an established user base and consistent revenue streams. Many startups use seed funding, which occurs during the first stage of funding rounds, where fundraised capital is used to conduct market research and product or service development.Sometimes, startups go through an acquisition process, where they merge larger companies competing in a similar industry. Companies that generate less than $20 million annually, possess less than 80 employees, and are primarily controlled by the founding entrepreneur(s) are generally classified as startups. Today, some of the world’s most successful companies started as startups, such as Facebook, Uber, and SpaceX to name a few. A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is created by at least one or more entrepreneurs. These seek capital as a means to bypass a limited availability of capital and combat high costs. This is why startups seek funding from funding rounds, crowdfunding, venture capitalists, financial institutions, or other sources. What Makes Startups Successful?Given the fact that most startups fail, the first three years of a startup are critical which is why startup founders require capital for talent acquisition, creating effective business models and plans.In parallel it is important to provide proof-of-concept for the long-term through an established user base and consistent revenue streams. Many startups use seed funding, which occurs during the first stage of funding rounds, where fundraised capital is used to conduct market research and product or service development.Sometimes, startups go through an acquisition process, where they merge larger companies competing in a similar industry. Companies that generate less than $20 million annually, possess less than 80 employees, and are primarily controlled by the founding entrepreneur(s) are generally classified as startups. Today, some of the world’s most successful companies started as startups, such as Facebook, Uber, and SpaceX to name a few. Read this Term accelerator and incubator, today for the launch of an incubation program in Singapore to support early-stage financial technology (fintech) startups.
Dubbed ‘FT Singapore FinTech Incubator’, the incubation program aims to help promising startups in Singapore and the region. The two-year program will start in July this year. Companies selected for the program will be able to receive seed funding from Franklin Templeton.
Joe Boerio, the EVP, Chief Risk & Transformation Officer at Franklin Templeton, said: “Following the successful launch of our inaugural FinTech incubator in Silicon Valley, we are pleased to partner with F10 to expand on our global incubation program in Singapore and to help nurture and support startups that would revolutionize the financial industry with their creativity and technology.”
Asia’s Fintech Ecosystem
Fintech firms in Asia have seen a surge in investments during the past 12 months. While global fintech funding touched a record high in 2021, financial technology platforms in India, Singapore and China have attracted more investments compared to some of the other regions. Through collaboration with F10, Franklin Templeton aims to facilitate the adoption of innovative technologies in the global financial services industry.
“We at F10 believe that the fastest route to innovation is through collaboration. The vast and continued growth of FinTech adoption in Asia is now a fantastic opportunity for Franklin Templeton to incubate the next generation of promising FinTech startups in Singapore. Franklin Templeton’s experience of working with startups in North America paired with F10’s well-established incubation programs in Singapore offers a unique opportunity for founders from across APAC (Asia Pacific) to join the program,” Jonas Thürig, the Head of F10 Singapore, said.
One of the world’s biggest independent asset management firms, Franklin Templeton announced a partnership with F10, a prominent startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is created by at least one or more entrepreneurs. These seek capital as a means to bypass a limited availability of capital and combat high costs. This is why startups seek funding from funding rounds, crowdfunding, venture capitalists, financial institutions, or other sources. What Makes Startups Successful?Given the fact that most startups fail, the first three years of a startup are critical which is why startup founders require capital for talent acquisition, creating effective business models and plans.In parallel it is important to provide proof-of-concept for the long-term through an established user base and consistent revenue streams. Many startups use seed funding, which occurs during the first stage of funding rounds, where fundraised capital is used to conduct market research and product or service development.Sometimes, startups go through an acquisition process, where they merge larger companies competing in a similar industry. Companies that generate less than $20 million annually, possess less than 80 employees, and are primarily controlled by the founding entrepreneur(s) are generally classified as startups. Today, some of the world’s most successful companies started as startups, such as Facebook, Uber, and SpaceX to name a few. A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is created by at least one or more entrepreneurs. These seek capital as a means to bypass a limited availability of capital and combat high costs. This is why startups seek funding from funding rounds, crowdfunding, venture capitalists, financial institutions, or other sources. What Makes Startups Successful?Given the fact that most startups fail, the first three years of a startup are critical which is why startup founders require capital for talent acquisition, creating effective business models and plans.In parallel it is important to provide proof-of-concept for the long-term through an established user base and consistent revenue streams. Many startups use seed funding, which occurs during the first stage of funding rounds, where fundraised capital is used to conduct market research and product or service development.Sometimes, startups go through an acquisition process, where they merge larger companies competing in a similar industry. Companies that generate less than $20 million annually, possess less than 80 employees, and are primarily controlled by the founding entrepreneur(s) are generally classified as startups. Today, some of the world’s most successful companies started as startups, such as Facebook, Uber, and SpaceX to name a few. Read this Term accelerator and incubator, today for the launch of an incubation program in Singapore to support early-stage financial technology (fintech) startups.
Dubbed ‘FT Singapore FinTech Incubator’, the incubation program aims to help promising startups in Singapore and the region. The two-year program will start in July this year. Companies selected for the program will be able to receive seed funding from Franklin Templeton.
Joe Boerio, the EVP, Chief Risk & Transformation Officer at Franklin Templeton, said: “Following the successful launch of our inaugural FinTech incubator in Silicon Valley, we are pleased to partner with F10 to expand on our global incubation program in Singapore and to help nurture and support startups that would revolutionize the financial industry with their creativity and technology.”
Asia’s Fintech Ecosystem
Fintech firms in Asia have seen a surge in investments during the past 12 months. While global fintech funding touched a record high in 2021, financial technology platforms in India, Singapore and China have attracted more investments compared to some of the other regions. Through collaboration with F10, Franklin Templeton aims to facilitate the adoption of innovative technologies in the global financial services industry.
“We at F10 believe that the fastest route to innovation is through collaboration. The vast and continued growth of FinTech adoption in Asia is now a fantastic opportunity for Franklin Templeton to incubate the next generation of promising FinTech startups in Singapore. Franklin Templeton’s experience of working with startups in North America paired with F10’s well-established incubation programs in Singapore offers a unique opportunity for founders from across APAC (Asia Pacific) to join the program,” Jonas Thürig, the Head of F10 Singapore, said.