February 12, 2015
It hasn’t even been a full 24 hours since Techstars announced the launch of their new accelerator in Berlin. Coming hot on the heels of yesterday’s announcement, Techstars today announced the Barclays flagship Accelerator program in New York City, following the resounding program success in London.
All told the program will take ten companies and help them shape the future of financial services. The Barclays Accelerator will officially open its doors in New York in July, 2015 and will span 13 weeks.
The affiliated companies will get intensive networking, mentoring, and development aimed specifically at supporting breakthrough financial technology innovations.
London saw the first ever Barclays Accelerator program last year, and the end result was a range of innovative financial tech ideas including a new credit scoring system, new money management tools, and analytics platforms designed to help companies manage risk and reputation.
“At Barclays we recognize that innovation will not solely be driven from within our organization so we are actively embracing the opportunities and expertise of the startup ecosystem. Our accelerator enables us to help translate emerging technologies into what could be the future of financial services,” says Derek White, Barclays Chief Design and Digital Officer.
According to White, the goal in New York is to help innovators in the investment banking, wealth management, and cred card industries. Seeing as how New York City is a hub for global finance, it makes sense that they would expand the success already witnessed in London to the Big Apple.
When they join the program in July the ten selected companies will move into the new, custom built premises in Manhattan. They’ll also have a catalogue of Barclays APIs and data to help them build and refine business models.
“Through this expanded partnership with Barclays, we’re able to build on the successes of our London accelerator program, now in its second year, by bringing the same level of fintech innovation to New York City,” says David Cohen, Founder and Managing Partner at Techstars. “Companies joining the New York program will have the opportunity to leverage not only the Barclays network but also the vast fintech community that we’ve been building for the last two years.”
Applications will be open from March 2 until May 1, 2015 for all interested parties.
Did you like this article?
Get more delivered to your inbox just like it!