AIA Group in accelerator venture
Big insurer, AIA Group Limited has joined with a Hong Kong entity to launch a 12-week accelerator program.
The company said the program, established as a collaborative effort with Hong Kong-based investment incubator, Nest, and angel investor, Simon Squibb, was intended to support innovative business and entrepreneurs on their paths to delivering break-through innovations and technologies.
The announcement said it was aimed at creating opportunities for innovators across the region - including Australia - to shape the future of insurance and healthcare industries.
It said under the arrangements, start-ups with innovative ideas and technology about healthcare were being invited to apply for the program and take advantage of the vast access to resources and mentoring that partnership has created.
Following the application review process, eight start-up companies will be offered a place on the accelerator program.
The announcement said the eight companies chosen would be guided through business growth and development with the help of business mentoring from AIA and Nest senior management, access to the AIA and Nest network of supporters and partners and potential equity investments.
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