Two start-ups win a place in Suncorp’s inaugural Digital Incubator Program

27 June 2019News

Two start-ups have won a place in Suncorp’s inaugural Digital Incubator Program, which will see them work with Suncorp in its Brisbane Digital Labs to develop a business idea and bring it to life.

Applications for the 90-day program opened in May, with local fintech and insurtech start-ups being offered the opportunity to test and validate their ideas and gain access to mentors, designers, data/APIs and experts across technology and business.

The selection process started with more than 50 starts-ups applying for the opportunity to participate. A shortlist of seven pitched their ideas to a panel of representatives from the business, with the best two being selected for the program.

The two winners are:

Eggy: A life admin app for consumers. The app manages, stores and retrieves life admin documents, and can automatically add information to the user’s calendar (e.g. insurance renewal dates).
Paypa Plane: “The future of recurring payments.” Paypa Plane links customer accounts and business accounts through a payment request and agreement flow (e.g. recurring gym payments). It manages recurring payments for small businesses and reduces friction in the customer relationship.

Suncorp’s Chief Information Officer, Sarah Harland with Paypa Plane's Jonathan Grant & Simone Joyce and Minister for Innovation, the Honourable Kate Jones

Suncorp’s Chief Information Officer, Sarah Harland said the Digital Incubator Program is a great platform to bring together some of the best and brightest minds in fintech.

“I'm thrilled that we are working with some truly brilliant businesses to foster innovation in Queensland and within our industry. I’m keen to see how these two winning concepts develop over the coming months,” said Ms Harland. “I would like to thank the seven finalists for their exceptional entries, and to congratulate the winners, Eggy and Paypa Plane.”