The FIKRA ACE - Accelerator is a platform for fintech companies to develop innovative solutions that may contribute to the advancement of the Islamic finance, particularly Islamic capital market - through a structured six (6) to eight (8) weeks accelerator programme.

Upon completion, the programme aims to ensure that participants will have at least a tested proof of concept (POC) and sourced for potential collaborations with industry partners.
  • Value propositions
    Business matching opportunities with Industry partners
    • Selected participants will have the opportunity to test out solutions with industry partners and potentially embark into commercial arrangement upon successful POC/Minimum Viable Product (MVP)
    Last mile connections to scale business to a higher stage
    • Selected participants will receive access to support from collaborative partners through structured programmes for market access, visibility, funding facilitation and professional development
    Ecosystem development and connectivity
    • Participants will be included in a network of relevant stakeholders in the Islamic fintech space through FIKRA ACE - Circle - an alliance of fintech community to discuss further developments and issues in the industry and to explore opportunities for business matching and expansion
    Consultation and potential facilitation by regulators
    • Participations will have the opportunity to engage with the SC for feedbacks on area of solution development, regulatory requirements or other relevant matters pertaining fintech in the capital market industry.
  • Theme
    The accelerator programme is targeted for fintech companies with potential solutions and ideas that may contribute to Islamic capital market in the following areas (but not limited to): Islamic social finance, Shariah-compliant Sustainable and Responsible Investment (SRI) and Islamic fund and wealth management advisory.
  • Who Should Apply
    • A registered company with an innovative idea for solutions and scalable business model.
    • Already in the market for more than one (1) year with traction (preferably).
    • In the verticals of fintech or adjacent verticals.
    • Have the in-house capability to make the necessary adjustments to the product/service during or after the programme.
    • Able to commit to a six (6) to eight (8) weeks flexible programme.
  • Prize & Benefits
    Business matching opportunities with selected industry partners
    Opportunity to connect to industry mentors, investors and relevant players in the Islamic fintech space
    Enhance business model and access to scale up support through structured programmes
    Cash prize for top finalists
    Finalist to showcase solutions at Demo Day to a panel of Judges and potential investors
  • Timeline
    • Application Period: 27 June to 4 August 2023
    • Accelerator Programme: Starts in August 2023
    • Demo Day: October 2023

general inquiry on FIKRA ACE - Accelerator

application form

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