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Applications will open February 11, 2016.

For a second consecutive year, the Financial Solutions Lab (FinLab) at CFSI with founding partner JPMorgan Chase will award $3 million in capital and other support to a select group of for-profit and nonprofit innovators who are building products or services that can improve the financial health of Americans. The FinLab is particularly interested in solutions that can impact low- to moderate-income or underserved consumers. The topic of this year’s challenge is Helping Americans Weather Financial Shocks.

Whether you’re nonprofit or for-profit, an established industry player, venture backed or bootstrapped, you should apply. The Lab is for innovators offering technology-enabled solutions that improve consumer financial health, regardless of stage or type of business.

In addition to up to $250,000 for each company or organization, the Lab will provide national partnership opportunities, mentorship, industry expertise, networking, peer lea...
Applications will open February 11, 2016.

For a second consecutive year, the Financial Solutions Lab (FinLab) at CFSI with founding partner JPMorgan Chase will award $3 million in capital and other support to a select group of for-profit and nonprofit innovators who are building products or services that can improve the financial health of Americans. The FinLab is particularly interested in solutions that can impact low- to moderate-income or underserved consumers. The topic of this year’s challenge is Helping Americans Weather Financial Shocks.

Whether you’re nonprofit or for-profit, an established industry player, venture backed or bootstrapped, you should apply. The Lab is for innovators offering technology-enabled solutions that improve consumer financial health, regardless of stage or type of business.

In addition to up to $250,000 for each company or organization, the Lab will provide national partnership opportunities, mentorship, industry expertise, networking, peer learning and other customized support.

We are looking for products and services that have the potential to prevent, avert, or a mitigate financial shocks, which are prevalent and possibly detrimental challenges for consumers. Over 60% of Americans experience a financial shock each year, and those shocks make it hard for a majority of those individuals to make ends meet. In short, we want to identify solutions that help consumers build financial resilience and withstand life’s surprises.

To learn more about financial shocks, read our issue brief found at finlab.cfsinnovation.com.
More information

Staff

Maria Lajewski
Admin
Maria Lajewski I manage the Financial Solutions Lab at the Center for Financial Services Innovation (CFSI).
Ryan Falvey
Admin

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