This open innovation platform will enable mature start-ups from anywhere in the world to tackle contemporary industry challenges on a collaborative basis with MetLife experts.

Eight start-ups will be chosen to compete for a $100,000 contract. Start-ups will also have access to MetLife's ecosystem, gaining the validation that comes from being a Fortune 50 customer.

Chosen finalists will receive the following benefits:

  • A three-month online programme which the participant may access from the comfort of their home.
  • No upfront equity will be required.
  • There will be a flexible curriculum where the participant might work on the areas that they have personally identified.
  • MetLife will pay for finalists to attend an immersion week in Singapore.
  • The potential to obtain a $100,000 contract.
  • Finalists will have access to key personnel so that they might build their internal champion network and long term relationships.
  • Finalists will have the opportunity for accelerated growth, which will change their trajectory.
  • Finalists will benefit from publicity and exposure through tapping into the MetLife PR and VC network.

Furthermore, each start-up will be partnered with an internal MetLife champion who will enable the partnership between the start-up and MetLife and will help to drive both technology and innovation. The MetLife champion will also help to bring the start-up substantial internal traction.

This programme is markedly different to an accelerator or incubator program. This is because of the focus upon developing strategic relationships between MetLife and the winning start-ups, with the first three months of interaction being viewed as being only the beginning of a long-term relationship.