Information

Collab is an open innovation platform that aims to connect startups with the right opportunities within MetLife Asia. As part of LumenLab, MetLife’s Singapore-based innovation center, Collab provides a unique ecosystem for startups to engage with a leading global insurer. Entrepreneurs benefit from access to MetLife's vast resources, industry expertise, and potentially significant business opportunities within the insurance sector. Through Collab, startups can accelerate their growth by leveraging MetLife’s extensive network and support.

How to Apply

To apply for the Collab accelerator, startups should visit the official website at http://collab.lumenlab.sg/. There, they can find detailed information about the application process, including eligibility criteria, application deadlines, and required documentation. Applicants typically need to submit a comprehensive application form detailing their business model, product or service, market potential, and team composition. Successful applicants may undergo further rounds of evaluation, including interviews and presentations.

Total number of startups invested: 2

Average Funding: The specific average funding round amount is not disclosed, but as a seed-stage accelerator, funding typically ranges from $50,000 to $150,000.

Industry: Insurance and InsurTech

Market: Singapore (with opportunities across MetLife's operations in Asia)