Applications are now open for the 2017 London Barclays Fintech Accelerator Programme
After the great success of last year, Barclays are delighted to again be bringing the Techstars team to Dublin to meet with founders, investors and influencers and share the following information on the programme below:
We are looking for exceptional founders who are tackling difficult problems and are going after big opportunities. We are specifically looking for founders working on applications of AI/machine learning, blockchain, payments, cyber-security and big data. Our definition of fintech includes insurance-tech and regulatory-tech as well as “traditional” fintech. As financial services is a global sector and Barclays is a global partner, we welcome applications from anyone and anywhere.
The program will start on 23rd of January and the Demo Day will be on the 19th of April.
We are hosting an open evening on Monday September 12th from 6-9pm in The Dean Hotel for interested startups to hear all about the programme from our alumni and executives from Barclays and Techstars. Please click here to register.
Techstars MD Chris Adelsbach will then be in our office on Tuesday 13th September from 9.30am-5pm. Please click here to book a meeting with him.
We’ve created this webinar to answer some of the questions that you may have about our programme. Please ensure that you watch it before you meet with me so that we can make the most out of the time we have.
Also, I’ll be hosting two live, group information sessions. These are interactive sessions, participants will be able to ask questions and hear more about the specifics of the programme.
Information session 1 – August 25th 5pm GMT: Register here
Information session 2 – September 26th 5pm GMT: Register here
Why Apply to the Barclays Accelerator powered by Techstars?
Another Techstars MD has written about Top 10 Reasons to Join (or not Join) an Accelerator. In addition, here are the things that are particularly great about the Barclays Accelerator powered by Techstars London programme:
Reason #1: You get access to AMAZING mentors
Our mentors are a diverse and amazing collection of financial services executives, successful entrepreneurs, city power-brokers, top angel investors and venture capitalists, as well as amazing mentors with backgrounds in product, engineering, legal, marketing and finance. In addition, you get instant access and mentorship to senior Barclays team members who define success as you being successful. Most of our mentors have been with us for years and are trusted, connected and effective as evidenced by the qualitative and quantitative feedback we get back from our founders.
Reason #2: You really grow & accelerate your business
The program is rigorous and results driven. We help the companies make tangible progress and help grow and accelerate their business. 80% of the companies that joined were able to announce a proof-of-concept with Barclays on Demo Day and 100% announced partnerships with at least one large corporate that they met during the programme. At Demo Day, companies present their business to a curated group of investors and partners. Our last Demo Day was held at Indigo at the O2 Arena and over 850 people were in attendance, of which over half were VC’s or angels. The companies announced various deals, partnerships and proof of concepts that were initiated and agreed during the programme. These included deals with Barclays, Thomson Reuters, Swiss Re, Unicredit, Capita and many others.
Reason #3: Companies have gone on to raise very successful funding rounds
Having paying customers helps generate investor interest, and this interest has translated into very successful funding rounds. Companies such as Post Quantum, Ravelin, Do Pay and Cutover are just a few examples. Globally, Techstars has the highest success rates for follow-on funding, over 90 successful portfolio company exits and $2.4 Billion of combined portfolio financing.
Reason #4: You get a network for life
Techstars is not just an intensive programme. It is one of the largest and fastest growing networks of entrepreneurs around the world. Once you are a part of Techstars, you are a part of Techstars for life, and you get to be part of the network that helps you go faster and accelerate your current and future businesses. For instance, Techstars has a team of five people in the Valley that run partnerships and M&A which companies tap into many months or years after they finish the programme.
Reason #5: In London, you are at the centre of the global FinTech scene
London has become a great place to build a startup. You will be located within minutes of many of the world’s largest banks, asset management and wealth management businesses. What’s more, a supportive government, forward thinking regulator and Europe’s largest VC ecosystem are all nearby (not that you’ll need to visit them as many of them treat our accelerator as a hub and regularly meet startups here)!
Visit the Techstars website for more information including links to apply