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The AI Lab Accelerator

Prudential has launched an AI Lab in partnership with Google Cloud, aimed at transforming healthcare and enhancing operational excellence in the insurance industry. This initiative, the first of its kind in Asia and Africa, focuses on using advanced AI and machine learning to improve customer experiences, streamline processes, and increase access to affordable healthcare. 

Startups are invited to collaborate with the Lab to create innovative AI-driven solutions, leveraging Prudential's resources and Google Cloud's technology to benefit millions across the regions. Submissions are now open for innovators looking to make an impact in insurance and healthcare.
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Making Your Application 

⚠ For new applicants: To submit an application, click on either Sign-up button above to set up a Delta platform account before starting your application form.
1. Click Apply Now and create your account on The Delta. 
2. Fill out our application form. This should take no longer than 10 minutes. 
3. Upload your submission deck. Please refer to the Submission Guide available below to help structure your submission deck. 
4. Agree to the Terms & Conditions. 
5. Click Submit or Save Your Draft to continue later. 

If you have any questions about the application process, please write to us at community@padang.co. Thanks! 

For a  video walkthrough, click here.

Challenge Statements

Health
Health and Wellness Management

Wealth
Client Accessibility to Wealth Advisory

Tech-Powered Distribution
Expertise and Advisory Augmentation

Core Insurance & Ops
Expertise and Client Experience Augmentation

Open Category

Who Should Join

Open Category

We welcome teams representing:

  • Government agencies
  • Local enterprises
  • Startups

We also welcome teams that are formed independently.

Student Category

We welcome student teams located in Singapore

  • Universities
  • Polytechnics
  • ITEs
Explore Team Requirements

Team Requirements

  1. As part of your application, you will be required to register a team with a minimum of 2 members and maximum of 5 members.
    1. These will be the key members liaising with the organisers in case your proposal is selected to proceed to the solution development phase.
    2. Only registered members will be eligible to receive trial accounts to access HPC resources, and to attend the mentor consultation and training sessions.
  2. Your team may consist of members from the same entity, or across different entities.
  3. Your team must include at least one Singaporean, Singapore Permanent Resident, Singapore issued Work Pass, or Student Pass holder.
  4. The majority of your team must be able to be physically present in Singapore to participate in the Solution Development Phase activities, Demo Day and post-challenge activities (July - September 2022).
  5. Your team will be required to appoint a team leader with the following roles and responsibilities:
    1. Act as the main liaison with the organisers, coordinate team matters and disseminate information to the rest of the team;
    2. Update the organisers if there are any changes to the team members;
    3. Act as the team representative to receive the cash prize and other prizes. The organisers will not be liable for any disputes after disbursing the prizes to the appointed representative.

Participating as Overseas Organisations

Organisations based outside of Singapore may participate in the Challenge by:

  1. Partnering with a Singapore-based organisation of their choosing; or
  2. Indicating their interest to set up a presence in Singapore in the next six months, and following through with it.

Timeline

Note that these dates are subject to change.

  • Week of 2 December

    Information Sessions

  • 15 December

    Early Submission

  • 15 January 2025

    Submission Deadline

  • January-February

    Evaluation

  • February

    Cohort Announcement

  • March-July

    Programme

Evaluation Criteria

Innovativeness

20%

  • Level of Innovation: Is the solution novel or does it offer a unique approach to a problem compared to current market offerings?

Effectiveness and
Impact

20%

  • Value Proposition: How significant is the impact of the solution on improving processes, reducing costs, increasing customer satisfaction, or creating new revenue streams?

Capability

20%

  • Team Strength: Does the company have the technical, industry, and business expertise to execute the project? What is the company’s track record in developing and deploying similar solutions?
  • Commitment: How committed is the team to seeing the project through to market?

Capability

40%

  • Technical Soundness: Is the AI technology used (e.g., machine learning models, natural language processing, computer vision) technically viable and proven in practice?
  • Stage of Development: Is the solution at a prototype stage, MVP, or already in production? How much further development or assistance is required?
  • Value: Are there clear advantages to the company by joining this acceleration programme? How can the company benefit and what value does it bring to the AI Lab?

To find out everything you need to know about the Prudential AI Lab Programme, check out our website!

Apply Now