Barclays Bank Ireland is inviting FinTech start-ups to apply to the Barclays Accelerator, powered by Techstars, arguably Europe’s leading FinTech accelerator. It was designed to support growing businesses and help them deliver cutting-edge innovations by connecting them with the right expertise, solutions, networks, markets and opportunities internationally.
The Barclays Accelerator, powered by the world’s leading start-up venture capital firm Techstars, is an intensive 13-week programme which will support 10 early stage companies from around the world. Last year’s programme attracted a record number of applicants from Ireland, with one of those making it to the final 10 successful participants. This year, Barclays Bank Ireland is expecting higher levels of applications from Ireland and is optimistic given the success of last year’s Irish entrant Courtsdesk.
Martin Cass, Vice President at Barclays Bank Ireland, said: “An increasing number of technology start-ups are flourishing in Ireland and we’re keen to see more successful Irish entries emerge from our Accelerator programme and benefit from the significant support on offer. This year we hope to attract start-ups working on payments, big data management, machine learning and artificial intelligence and other ground-breaking technologies.”
“This is a superb opportunity for Irish technology start-ups with a focus on financial services to benefit from access to investment to progress their business, as well as receiving exposure to the global capabilities of Barclays and Techstars.”
In a first for Ireland, local Dublin start-up, Courtsdesk, was awarded a place on the programme last year. Their news and data service which is designed to simplify online access to the Irish courts, was a graduate of the most recent intake, built a world-class advisory board, raised seed capital and set up an office in Barclays’ renowned innovation site, Rise – London.
The ten companies that are successfully chosen to participate in the upcoming programme will receive investment up to $120,000, exclusive access to technology, mentorship from industry experts and the ability to work closely with Barclays and Techstars’ extensive professional networks.
The Barclays’ Rise – London venue is an open innovation space designed to house start-ups and entrepreneurs, giving them the optimum environment to thrive and an opportunity to network and learn from peers within the hub’s FinTech community. The ten successful shortlisted companies will be based at the Barclays’ Rise -London venue for the duration of the programme.
Since its introduction in 2014, the Barclays Accelerator, powered by Techstars programme has supported more than 100 companies worldwide who have so far gone on to raise £64 million in funding.
Barclays, along with Techstars’ Managing Director, Chris Adelsbach and Programme Manager, Madeleine Blythe will be hosting a series of one-on-one meetings with prospective programme applicants in Dublin this week on Wednesday 20 and Thursday 21 September. Local FinTech start-ups are invited to contact Martin Cass for more information (see www.barclays.ie for contact details). Applications to the programme close on 12 November, 2017.
The Accelerator is part of the overall Barclays global innovation network called ‘Rise’. Rise is a global community for open innovation designed to pioneer the future of financial services, which brings together start-ups, corporates and innovators – to connect, co-create and scale ideas. 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