LATTICE80 partners with YES SCALE Accelerator

LATTICE80, the world’s largest fintech hub headquartered in London, on has partnered with Mumbai-based multi-sector accelerator YES SCALE Accelerator.

LATTICE80 is building an ecosystem known as KAYA Network that connects over 11,000 fintech and blockchain startups and over 200,000 professionals including investors, corporates, financial institutions, government organisations and other stakeholders within the fintech and blockchain ecosystems in over 200 cities.

YES SCALE is an initiative by YES BANK which is the fourth largest private sector bank in India. It is a platform accelerator comprising of five distinct accelerators in smart city, cleantech, agritech, life sciences and edutech sectors.

Similar to the YES FINTECH programme, YES SCALE is a 15 week programme in which the accelerator will help scale up innovations through technology, mentorship, funding and commercial support for startups in key impact sectors of the economy.

The accelerator has partnered with more than 10 Indian smart cities, Bosch & Dell EMC for implementing these solutions and is supported by ecosystem partners such as LATTICE80 who are leaders in this space.

Applications for the program were launched on 03rd July and will close on 31st August, 2018. Shortlisted applicants will be announced on 20th September, who will then participate in a pitch day on 07th October followed by the cohort launch on 21st October.

Commenting on the development, YES BANK Chief Fintech Officer Amit Shah said YES SCALE is a significant step towards creating ‘collaboration-as-a-service’ economy with Large & Mid Corporate Clients, Ecosystem Partners, and Technology Leaders.

"YES Bank’s cross-industry collaboration through YES SCALE will bring out innovative solutions in high social impact sectors of the economy like Agriculture, Cleantech, Urban Living, Education and Health. Our ecosystem partnership with LATTICE80 will help us create a borderless ecosystem, to bring in global solutions focusing on these domains for our customers in India. The ecosystem will also provide global market access for Indian tech startups in these domains," he said.

LATTICE80 Co-founder and Founding CEO Joe Seunghyun Cho said joining hands with YES SCALE is more than a partnership.

“India is one of the most important markets for us and the perfect testbed to develop Smart City solutions. Following LATTICE80’s partnership with YES FINTECH last year, we are extremely pleased to work with YES SCALE as an ecosystem partner," he said.

Cho also added that with LATTICE80 base in London, a strong presence in Asia and Europe, the fintech hub is going to support the accelerator to reach out to startups in KAYA Network.