JPMorgan Chase & Co has invested $30 million into its innovative initiative – the Financial Solutions Labs. This five year program supports and promotes innovation aimed at helping Americans save money, build assets and improve credit. Each year a common financial problem is chosen as the overarching theme and a wide range of applicants are invited to submit their innovative solutions. Successful members are given $250,000 in capital, support from FinLab operating partners, strategic advice from its advisory council and resources from the founding partners to develop and implement their ideas.
Learn More: Financial Solutions Lab homepage