July 31, 2017

ThincLab, a brainchild of the University of Adelaide, launches in Singapore to build a global network that supports local and Australian start-ups in scaling their business

Home-grown fintech platform, Fundnel, has announced it will have its first-of-its-kind partnership with ThincLab, an Australia start-up incubator born out of the University of Adelaide, to bring ThincLab’s network to Singapore, and create an inclusive and holistic fintech community that will help start-ups to succeed. Fundnel is a private investment platform that offers unlisted securities in growth and pre-IPO stage companies across industries to a qualified network of investors, comprising both professional—corporate venture, private equity, venture capital funds, family offices, angel investor networks—and individually accredited investors actively looking to diversify their current portfolio.

The VIP Preview was held last week at ThincLab’s office based at Helios, Biopolis, and was attended by academics from A*Star, including senior management, and graced by Martin Hamilton-Smith, Australia Minister for Investment and Trade.

Singapore is the first location outside Australia, but ThincLab will also have nodes in China, France, Vietnam, and Germany. On top of the resources made available by ThincLab, Singapore start-ups in ThincLab will also be able to access its investors and advisers across these countries. Companies within the incubator will range from a variety of sectors including healthcare, agriculture, aerospace, environment, energy, gaming, and food and drink.

Thinclab Singapore will support Singapore-based start ups who are keen on leveraging the Thinclab network to scale their business. Start-ups will be given access to the university’s brightest academic minds and business mentors to enhance their ideas, and support through a mix of office spaces, meeting rooms, private work stations and hot desks.

“We are thrilled to bring ThincLab and its expertise to Singapore,” said Steven Fang, founding partner (APAC) and CEO of Fundnel Australia. “Being the hub of innovation in Asia, ThincLab will grow and nurture Singapore-based startups from ideation to growth stage through expert guidance from Australia, ultimately leading to an innovative society that rewards entrepreneurship.”

In light of strong bilateral relations and the geopolitical climate between Singapore and Australia, ThincLab will be a key facilitating bridge to build relations between both countries’ fintech and start-up communities, and create success through collaboration.

Thinclab Singapore will also serve start-ups from Thinclab Adelaide and other upcoming Thinclab nodes to serve as a landing pad for their business expansion into Singapore and regionally including ASEAN and North Asia.