Ngee Ann Polytechnic, UOB launch campus startup incubator AGILE

Singapore’s Ngee Ann Polytechnic (NP) and the United Overseas Bank (UOB) announced their plans to jointly launch a campus startup incubator and learning lab to drive student entrepreneurship and encourage ecosystem partnerships.

Photo credit: Ngee Ann Polytechnic

AGILE, which stands for Accelerating Growth in Innovation, Learning, and Entrepreneurship, aims to nurture the next generation of entrepreneurs. It will give startups access to mentorship through The FinLab, an innovation accelerator by UOB, and opportunities to glean industry insights through The FinLab’s programs.

In addition, NP and UOB said they aim to use AGILE as a venue for programs such as financial literacy workshops, talks with experts in innovation, entrepreneurship and career guidance, as well as hackathons and competitions.

Ten startups from sectors such as events management, financial advisory, and medical devices, have already come on board, according to a statement. They consist of the following:

As part of the program, NP and UOB also announced the launch of Hangout@UOB, a community space aimed to facilitate collaboration and encourage student engagement. The space will be managed by student interns under the supervision and mentorship of UOB employees.

“In co-managing Hangout@UOB, students will also learn how to anticipate customer needs, with the guidance from our UOB colleagues. These will be their real-life experiences that go beyond any textbook knowledge,” said Jacquelyn Tan, UOB’s head of group personal financial services.