Within the tech scene, collaborating in startup competitions, challenges and hackathons can present younger ventures with nice networking and funding alternatives, in addition to publicity.
For this listing, we’ve centered on startup competitions and hackathons for fintechs in Asia. A few of these challenges are nonetheless open for software for this 12 months’s occasion, whereas others, although having already wrapped up their 2020 version, are being organized yearly and can seemingly be coming again subsequent 12 months.
Asia Sizzling-Tech Battle
Held since 2016, Asia {Hardware} Battle was beforehand a world {hardware} startup competitors held yearly throughout the area.
This 12 months, TechNode has re-positioned Asia {Hardware} Battle into Asia Sizzling-Tech Battle, specializing in rising applied sciences and industries together with, however not restricted to, client electronics, the Web-of-Issues (IoT), synthetic intelligence (AI), 5G, fintech, good mobility, proptech, new retail, medtech, edutech and foodtech.
The town pitches will happen starting June in Beijing, Shanghai, Hangzhou, Nanjing, Shenzhen, Guangzhou, Wuhan, Xi’an, Singapore, Japan, India, Thailand, Indonesia, Malaysia, South Korea, Vietnam, and different cities.
Along with crowning the gold winner, this 12 months will embrace new particular classes equivalent to greatest innovation, most investable startup, and extra, with as much as a 100,000 RMB cash prize to be received.
So as to add on, contributors will achieve alternatives to attach with prime enterprise capital companies (VCs) for potential funding and luxuriate in prolonged mileage and visibility with TechNode’s unique media protection. Alumni shall be invited to affix TechNode World+, the place they may be capable of faucet into an intensive group to attach and develop with know-how leaders, VCs, and companions throughout Asia.
This 12 months’s on-line software course of will run from April to July.
MAS World Fintech Innovation Problem
The Financial Authority of Singapore (MAS) introduced in June the launch of a S$1.75 million MAS World Fintech Innovation Problem, a contest searching for revolutionary options that may assist monetary establishments reply to 2 vital international challenges: COVID-19 and local weather change.
The theme for the competitors is “Building Resilience, Seizing Opportunities, Emerging Stronger,” and includes two distinct revamped competitions: the MAS Fintech Awards and the MAS World Fintech Hackcelerator.
It is going to be hosted solely on the API Trade (APIX), a cloud-based innovation platform.
MAS World Fintech Hackcelerator 2020
The MAS World Fintech Hackcelerator is an annual occasion that matches revolutionary market-ready options with trade’s precise know-how wants. It includes two segments: the Native Programme and the Worldwide Programme.
The Native Programme, supported by KPMG Digital Village, will publish high-priority drawback statements collated from the finance trade in Singapore and globally.
A document 107 drawback statements have been acquired this 12 months, throughout 4 classes: Responding to a worldwide pandemic; Inexperienced finance options; Inexperienced finance enablers; and Sustainability. Fintech resolution suppliers from internationally are invited to submit their proprietary options to any of those drawback statements.
The finalists shall be mentored by trade consultants to strengthen their proposals and to develop personalized prototypes on APIX, which is able to present them entry to a growth sandbox wealthy in information and Software Programming Interfaces (APIs).
The Worldwide Programme includes winners of fintech competitions organized by worldwide companions, together with the Saudi G20 Presidency, the Bank for Worldwide Settlements Innovation Hub, Ladies’s World Banking, and the United Nations Capital Improvement Fund (UNCDF). The winners of those associate competitions shall be fast-tracked into the finals of the World Fintech Hackcelerator.
As much as 20 finalists of the World Fintech Hackcelerator will every obtain a S$20,000 cash stipend for his or her preparations for the Hackcelerator Demo Day. From these finalists, as much as three winners shall be chosen on Demo Day on the Singapore Fintech Competition, with every receiving S$50,000 in prize cash.
The applying deadline for the MAS World Fintech Hackcelerator 2020 is July 7, 2020.
ADB-AIM Hackathon 2020: Shaping the New Regular
The Asian Improvement Bank (ADB) and Asian Institute of Administration (AIM) are working collectively this 12 months to give attention to the COVID-19 disaster that has worn out trillions of {dollars} from the world’s economies.
The problem confronted by the world is learn how to carry financial exercise again. The target is to ascertain the brand new regular in mild of potential long-term behavioral adjustments and encourage revolutionary options to deal with these shifts and their related challenges.
The ADB-AIM Hackathon 2020: Shaping the New Regular competitors is open to startups, college students, ADB workers and most of the people across the globe, that are invited to sort out a number of of the next six challenges every with their very own particular person themes:
Nowcasting the Financial Influence of COVID-19: Massive information options to trace the real-time financial affect of COVID-19;
Earth Remark Information Problem: Earth statement information to watch the financial actions in choose nations in Asia;
Digital Know-how to Enhance Credit score Entry for MSMEs: Enhance credit score entry of micro, small and medium-sized enterprises (MSMEs) by exploring various credit score scoring mechanisms to create a greater image of creditworthiness of entrepreneurs in a post-COVID-19 world.
Digitizing Waste Assortment by Dealing with, Monitoring, and Recycling to Disposal: Options to higher handle and hint waste;
Actual-time Monitoring of Resettlement Implementation: Monitoring involuntary resettlement safeguard implementation; and
Digital Know-how to Assess Safeguard Impacts: Enhancing safeguard compliance.
Inclusive Fintech 50 2020
In its second 12 months, the Inclusive Fintech 50 initiative will establish a cohort of 50 high-potential, early-stage, and revolutionary fintech startups driving monetary inclusion and resilience for the three billion financially underserved folks worldwide.
The occasion goals to create visibility for probably the most promising inclusive fintechs with an answer amongst credit score, insurance coverage, funds and remittances, financial savings and private monetary administration, and infrastructure addressing challenges of underserved segments.
The initiative will carry chosen fintechs along with main traders within the house. Two of them may also obtain cash prizes of US$25,000 primarily based on the judging panel’s evaluation of their contributions to the monetary resilience – or the flexibility to face up to and get well from shocks – of low-income households and MSMEs.
Inclusive Fintech 50 was based by MetLife Basis and Visa, with assist from Accion and IFC, and extra funding from BlackRock and Jersey Abroad Help and Comedian Aid. The initiative is applied by MIX, the worldwide information useful resource for traders centered on inclusive finance.
This 12 months’s software deadline is July 10, 2020.
Jumpstarter World Pitch Competitors
Jumpstarter is not-for-profit initiative from the Alibaba Entrepreneurs Fund, offering a startup platform for all entrepreneurs and younger folks in Hong Kong. It’s a two-day first-of-its-kind startup convention centered solely on advocating entrepreneurship, showcasing high quality startups, offering high-impact networking alternatives amongst startups, traders and corporates, and providing a various group of applications with inspiration and know-how together with keynotes, panel discussions, expertise and workshops, and so on.
Annually, Jumpstarter organizes the World Pitch Competitors. This 12 months, a document of greater than 2,000 startups within the fields of retail, fintech, good metropolis, and deep tech, from 65 nations and areas utilized to compete. Pitching competitions have been held in eight cities, together with Hong Kong, Shenzhen, Shanghai, Beijing, London, Kuala Lumpur, San Francisco and Toronto.
Tencent Finance Academy Fintech Competitors
The annual Tencent Finance Academy Fintech Competitors gives full-time undergraduates and postgraduates within the Guangdong-Hong Kong-Macao Higher Bay Space the chance to compete to win cash prizes, and be part of even the Hong Kong Science and Know-how Park Company’s Science and Know-how Entrepreneur Programme (STEP).
This 12 months’s competitors was themed “Tech for Good,” and centered on 5 major matters: inclusive monetary merchandise for digital banks; digital identification; the promotion of economic connectivity within the Higher Bay Space; the acceleration of digital transformation of funds eventualities and optimization of buyer expertise; and options associated to monetary inclusion and or “tech for good.”
PolyFintech 100 API Hackathon
PolyFintech100 API Hackathon is an annual hackathon which goals to nurture fintech expertise to satisfy the quickly altering wants of the monetary companies sector.
Annually, PolyFintech100 API Hackathon invitations college students from the 5 native polytechnics to develop fintech prototypes utilizing open APIs from the trade to deal with actual world drawback statements, equivalent to extra environment friendly GST refunds for vacationers, AI-based e-payment service for hawker facilities, peer-to-peer micro-lending platform for college students, and so on.
The finalist will get an opportunity to showcase their concepts on the Singapore Fintech Competition, which takes place yearly within the metropolis state in direction of the top of the 12 months.
