Financial innovators with a social or environmental mission can now apply to participate in a groundbreaking incubation programme announced today by the Finance Innovation Lab. The six-month Fellowship scheme combines business strategy workshops, peer coaching and leadership development, and is free of charge to start-ups.

Applications are invited from innovators who are actively developing a financial product or service that responds to a real need in society and has the potential to transform the wider financial system. Fellows are not required to be working on their idea full-time, but must have shown commitment to developing their idea.

Unlike intensive classroom-based incubators, the Fellowship programme consists of six monthly sessions and a two-day residential leadership retreat, allowing participants to learn from real-life experience. Monthly sessions include business skills workshops, action learning sessions, and social events to build Fellows’ contacts across the Lab community.

Anna Laycock, Lead Strategist at the Lab, commented:

We’re looking for the pioneers who will reconnect finance with the real needs of people, the environment and the wider economy. We’re not obsessed with profit or equity stakes: we’re focused on the ideas that can challenge the status quo in finance.

Our Fellows will experience an incubator like no other – one that recognises the realities of going against the grain in our complex financial system. Working with our wider community of innovators and influencers, we’ll build a better way to do finance.

The call for applications is open until 26 February and the Fellowship programme begins in March 2016. Full information and an online application form can be found at www.financeinnovationlab.org/fellowship

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