PayPal launches inaugural incubation programme in Singapore

PAYPAL is launching a nine-month incubation programme in Singapore, targeted at financial technology and technology start-ups.

The programme will offer the startups that are selected with coaching and mentorship by PayPal executives and industry specialists, networking opportunities and venture capital connections as well as a co-working space which fosters collaboration and innovation.

Singapore is the second country in the Asia-Pacific to run this programme, after India. PayPal's Technology Center in Chennai has been hosting this programme since 2013, with most of its 10 startups receiving funding or obtaining a strategic exit after the programme, said PayPal.

Interested eligible startups can apply via https://www.starttank.com/singapore/apply from now till 6 pm on May 25. Shortlisted startups will be invited to a Pitch Fest scheduled for June 2.