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Home » News » Business World » MetLife Launches Second Startup Engagement Program, "collab 2.0"
3 months ago | 18-08-2017 | BWI

MetLife Launches Second Startup Engagement Program, "collab 2.0"

Singapore, Aug 18: LumenLab, MetLife Asia's Singapore-based innovation center, today launched collab 2.0, its second startup engagement program and is looking for startups that can help address MetLife's problem statements with innovative solutions.

The overall winner will be awarded a JPY 10 million contract* to pilot their solution at MetLife Japan, MetLife's largest business in Asia.

The launch of collab 2.0 follows MetLife's successful inaugural corporate start-up engagement program, collab, which attracted 139 worldwide applications from 34 countries. The winners from the first cohort offered practical solutions that showed tangible value and the potential to significantly augment the insurance experience. Following the demo day in May, 2017 Uniphore was named the overall winner, with two other outstanding startups, Democrance and Flamingo, receiving the "Judge's Selection" award.

"Engaging with the startup community through such platforms is critical as we look to shape the future of the insurance industry and redefine the way we interact with our customers. The winners of our first cohort in collab came up with innovative and exciting solutions which will be piloted in MetLife Asia. We're excited to see what collab 2.0 will deliver," said Zia Zaman, LumenLab CEO and Chief Innovation Officer of MetLife Asia.

Applications are now being sought for innovative solutions in Customer Engagement, Sales, Backend Operations, and Frontend Operations. Following the open global call for applications, a rigorous selection process will determine the six finalist start-ups that will proceed to the demo day in Tokyo, Japan on December 8th, 2017 to present their solutions.

"Collaborating with startups differentiates us from our competitors in Japan. LumenLab's collab 2.0 is the perfect platform on which to source innovative partners that gives our business an edge as we strive to better serve our customers," said Sachin N. Shah, Chairman, President & CEO MetLife Japan.

MetLife has built a strong track record in being a first mover in digital innovation. Launched in July 2015, LumenLab is focused on developing disruptive new business models in the areas of health, ageing, and wealth. It has supported the launch of 9 pilot projects to market, reaching hundreds of thousands of people. Using collab, LumenLab aims to further its collaboration with start-ups and entrepreneurs to uncover breakthrough solutions to address real business problems and better serve our customers.

To learn more and apply for collab 2.0, please visit: collab.lumenlab.sg. The deadline for applications is October 1st, 2017.

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MetLife Launches Second Startup Engagement Program, "collab 2.0"


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