2020 Worker and Student Financial Health Challenge

Apply now to the Financial Solutions Lab’s latest fintech accelerator challenge
Applications accepted through January 6, 2020

Innovating to advance financial health for workers and students

Workers and students of the future face challenging trends that may jeopardize their financial health. Rapid technology changes are requiring workers to train and reskill for career advancement, yet costs of education and training programs are rising steadily. The gig economy is growing rapidly, but offers inconsistent income and is an insufficient replacement for traditional jobs.

There is a need for fintech products, services, and partnerships that help people prepare for the economies of the future by addressing the barriers to affordable training, education, and opportunity.

Who should apply?

This Challenge aims to identify and develop fintech solutions and partnerships that are advancing the financial health of workers and students who are developing in-demand skills to prepare them for the future of work.

We are looking for innovative start-ups and nonprofits who are:

  • Providing fintech solutions to the currently employed, either full-time or as a participant in the gig economy.
  • Addressing the challenges of building the workforce of the future, including helping workers access training or seek higher education to either enter, rejoin, or advance their careers.

What do selected companies receive?

Fintech organizations will receive:

  • Up to $125,000 in capital.
  • Professional services assistance from industry leaders.
  • Mentorship from the Financial Health Network and JPMorgan Chase employees.

Timeline

October 24, 2019: Applications open
January 6, 2020:
Applications close
Late March, 2020: New cohort members selected
April-December 2020: Cohort program runs

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