Barclays Launches Global Startup Accelerator

By Tim Maytom

barclays accelerator

Barclays and accelerator specialist Techstars have launched a new cohort of their project aimed at nurturing the next wave of business and technology talent.

The Barclays Accelerator is a 13-week intensive startup program aimed at supporting new businesses delivering breakthrough innovations. The first cohort of companies concluded the program in September, and included ideas such as a peer-to-peer lending platform and customer engagement system that integrates with point of sale.

Ten companies, selected from applicants across the globe, will be selected for a place on the program, which will begin in March 2015. The startups will be guided through the process of growing and developing their businesses with the help of world-class industry experts, and will be granted access to a catalogue of Barclays APIs and data to refine their business models. The companies will also receive up to $100,000 (£62,500) in funding from Techstars.

“We have already seen some incredible success stories come out of the Barclays Accelerator with businesses delivering disruptive technologies and fresh solutions that are tackling some of the challenges financial services face today,” said Derek White, chief design & digital officer at Barclays. “We are also delighted that the successful startups and …read more

Source:: Mobile App News