Barclays Bank Ireland is inviting Financial Technology (“FinTech”), Insurance Technology (“InsurTech”) and Regulatory Technology (“RegTech”) start-ups to apply to the Barclays Accelerator Programme, a best-in-class programme designed to support young businesses and deliver cutting-edge innovations.
The Barclays Accelerator, powered by the world’s leading startup VC Techstars, is an intensive 13 week programme which will support 10 early stage start-up companies from around the world. The most recent programme in London attracted 680 applications from more than 50 countries, including a number from Ireland. This year, Barclays Bank Ireland is hoping for even more applications from Irish start-ups.
Martin Cass, Vice President at Barclays Wealth and Investment Management Ireland, said: “Ireland has become a hotbed for technology start-ups and we’re very keen to see some successful Irish entries to the programme this year, given the lucrative platform for growth that it offers. We’re especially excited about meeting start-ups working on applications of AI/machine learning, blockchain, payments, cyber-security and big data.”
“This is a unique opportunity for Irish technology start-ups to leverage the global capabilities of Barclays and Techstars and the programme’s additional investment which can be used to scale day-to-day business activities in the future.”
The ten companies that are chosen to participate in the programme will receive up to $120,000 investment from Techstars and exclusive access to technology and world-class mentorship from industry experts. They will also be introduced to Barclays and Techstars’ expansive professional networks.
Whilst on the accelerator programme, the ten successful shortlisted companies will be based at the Barclays’ London Rise venue; a collaborative community space designed to support start-ups and entrepreneurs, giving them the optimum environment to thrive and an opportunity to network and learn from likeminded individuals.
Since its introduction in 2014, the Barclays Accelerator Programme has supported 70 companies worldwide who have gone on to raise $47.51 million in funding. The programme, which can result in pilot opportunities with Barclays, already boasts a strong number of success stories including Chainalysis, a New York-based startup helping Barclays put in place the appropriate governance frameworks around blockchain technology.
Barclays will be hosting a Irish recruitment event for the programme in Dublin tonight at 6.30pm, with local FinTech, InsurTech, and RegTech start-ups invited to apply by registering online at www.eventbrite.com or by contacting Martin Cass directly (see www.barclays.ie for contact details). Applications to the programme close on 15 October.
The Barclays Accelerator Programme is part of the overall Barclays global innovation network called ‘Rise’. Rise is a global community for open innovation that brings together start-ups, corporates and innovators to create the future of financial services. In addition to hubs in London, New York and Manchester, Rise has extended its locations to Vilnius, Cape Town, Tel Aviv, and Mumbai. For more information, and details Rise and Barclays Accelerator programmes visit www.thinkrise.com