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Franklin Templeton
Franklin Templeton, the asset manager, has opened its first Asian fintech incubator in Singapore’s business district.

The incubator is a joint incubation programme for early-stage fintech start-ups in partnership with F10 Global Innovation Network Singapore Pte.

The new facility focuses on supporting companies in the areas of blockchain, digital distribution, wealth management technology, insurance technology, sustainability, data science and predictive behaviour analytics, among others. 

Franklin Templeton will provide start-ups in this incubator – a minimum of $150,000 each in seed funding.

The first start-up chosen for the incubator from more than 30 applicants is BetterData. It is a one-stop data platform that aims to enhance data quality, bridge data gaps and correct data biases by converting limited real data into limitless synthetic data which is faster and safer. 

“Singapore’s role as the leading fundraising and innovation centre for Asia-Pacific startups has been growing on the back of rising fintech fundraising levels,” Margaret King, vice president, fintech partnerships and corporate strategic investments at Franklin Templeton, said. “This programme also builds on the success of our fintech incubator in Silicon Valley, and we encourage more startups in Asia-Pacific to join our programme to catalyse innovative solutions in fields such as blockchain, alternative data, wealth management and green tech.”