The FinTech Innovation Lab is a 12-week program that takes place every Spring, and each year, only six companies are selected to take advantage of the connections that can be made in this incubator.
FinTech itself is such a hugely exploding growth opportunity for startups. The type of companies that fit this profile include everything from cryptocurrency mining platforms to credit profiles based on social presence. Digital currency accelerators are few and far between, although with recent Draper investments, you can bet they will be around for a long time to come. According to the program site:
“The FinTech Innovation Lab is a program for entrepreneurs that are developing cutting-edge technologies for the financial services sector – particularly in the areas of big data and analytics, mobile and wireless, payments, risk management, security, and social media and collaboration technologies. The chief technology officers and senior technology executives from the 15 participating financial institutions will select six entrepreneurs to participate in the Lab through a competitive process.”
That's why getting in on the opportunity to receive mentoring from the fintech industry's leading firms, VCs, and advisors should be at the top of every fintech startup's list.
This program goes down in New York City and includes participation in a leadership program featuring meetings with senior executives, investors and experienced entrepreneurs, together with workshops and panel discussions on subjects ranging from procurement and technology architecture to bank regulation and industry trends.
After 12 weeks, the FinTech Innovation Lab Demo Day will showcase the graduates' technology to dozens of bank executives, investors, and journalists.
“The FinTech Innovation Lab gives select startups unparalleled access to C-suite executives at some of the world’s largest financial institutions, helping them shape their innovations and achieve revenue traction,” said Matt Harris, Managing Director at Bain Capital Ventures. “The Lab is a great opportunity for both new and more experienced entrepreneurs looking to accelerate their growth within financial services.”
There are mere hours left to apply, so get on it!