December 30, 2014
The Global Insurance Accelerator, based out of Des Moines, Iowa, today announced that the deadline for their inaugural class of tech entrepreneurs is fast approaching. The accelerator offers seed funding, mentorship from insurance industry professionals, and a conduit to potential insurance industry clients worldwide to entrepreneurs in the tech-insurance market.
An initiative of the Greater Des Moines Partnership, the Global Insurance Accelerator offers tech startups selected for the program the chance to gain an inside track in an industry many may not have considered a natural market. However, there’s a large concentration of insurance companies in the Greater Des Moines area, which makes it a natural location for the accelerator.
“Startup and early-growth companies often need help getting a foothold at the enterprise level,” says Brian Hemesath, Managing Director of the Global Insurance Accelerator.
Entrepreneurs and startup companies interested in being in the first Global Insurance Accelerator class should apply online now to before the January 15 deadline. Areas of immediate intereste include security, fraud, performance analysis, data harvesting, risk management, and documentation.
The six winning concepts will receive $40,000 of seed funding in exchange for an equity share in their companies. Additionally, concept teams will be mentored by insurance industry professionals for 100 days, culminating when the teams will demonstrate their products at the 2nd Annual Global Insurance Symposium in Des Moines from May 26 to 28.
“Insurance is a global industry that is ready for new technology-driven solutions and products to help it be more efficient, and we’re excited to see what comes of our first class of companies,” says Hemesath.
In conjunction with the Global Insurance Accelerator, the city will also hose an annual Global Insurance Symposium designed to bring hundreds of international insurance industry leaders together to address areas of mutual concern. And technology, according to Hemesath, is always at the top of that list.
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