To prepare for our expanded FinovateFall conference in September, we’re taking a look at some of the new additions during Discussion Days September 13 and 14. Today, we’re previewing our Showcase of Accelerators, Incubators, and Innovation Labs on the 14th.
FinovateFall 2017’s showcase on accelerators, incubators, and innovation labs features demos from startups representing each of our accelerators, with the audience selecting the most innovative startup based on “biggest impact in startup ecosystem.” Here is a sampling of the accelerators and incubators whose startups will be represented during our showcase.
With investments in areas ranging from payments and financial services to IoT, drones, and hardware, 500 Startups is an early-stage venture capital fund and accelerator specializing in seed and Series A investment. The company has provided capital to more than 1,900 companies from more than 60 countries.
- Founded in 2010 by Dave McClure and Christine Tsai
- Headquartered in Mountain View, California
- Notable Startups: Finova Financial (FS16), WePay (FS14), Toshl Finance (FE14), EquityZen (FS16)
500 Startups is a big champion of diversity in technology. More than 65% of 500 Startups’ managing partners are women (44% of the 500 Startups team overall). More than 44% of the accelerator’s portfolio founders are members of ethnic minority groups, and 500 Startups funds scholarships to help underrepresented investors attend its VCUnlocked investor education program.
Citi Ventures is the “innovation engine” of Citi. The division invests in startups, supports new technologies, and tests new products and services in its Innovation Labs and businesses. Citi Ventures made its first investment in July 2010, and saw its first portfolio company exit (Silver Tail acquired by EMC) two years later. Citi Ventures launched its first fintech accelerator in Tel Aviv in 2013.
- Founded in 2010 by Debby Hopkins
- Headquartered in Palo Alto, California
- Notable Startups: LinkableNetworks (FF12), Ayasdi (FF14), Feedzai (FE14), Betterment (FF11), Chain (FD15), BlueVine (FF14), Plaid (FD14), Pindrop Security (FF12)
In 2017, Citi Ventures began the year appointing a new chief, Vanessa Colella, who was also named Chief Innovation Officer of Citi. Citi Ventures launched its Citi University Partnerships in Discovery program in February and in May, the venture capital arm of Citi leveraged the technology from portfolio company (and Finovate alum) Chain, to launch Citi Connect for Blockchain integrated with Nasdaq Linq.
Omidyar Network RegTech Accelerator
Omidyar Network is an active impact investor that provides both financial and human capital to entrepreneurs in five main focus areas: education, emerging technology, governance and citizen engagement, property rights, and financial inclusion. The firm, launched by eBay founder Pierre Omidyar, has a special interest in “entrepreneurs who share our commitment to advancing social good at the pace and scale the world needs today.”
- Founded in 2004 by Pierre and Pam Omidyar
- Headquartered in Redwood City, California
- Notable Startups: Digi.me, Entrepreneurial Finance Lab (FA12), Lenddo, Prosper (FS09), RevolutionCredit (FF13), Tandem Bank
Earlier this year, Omidyar Network teamed up with Finovate alum Twilio as the firm launched its Impact Fund to support social impact programs. In February, Omidyar Network invested $2.9 million in an initiative to support the development of civic technology platforms in Latin America. In total, Omidyar Network has committed more than $900 million in for-profit investments and non-profit grants since inception.
With partners including Mastercard, Santander, and Route 66 Ventures, Startupbootcamp NY provides fintech startups with seed funding, professional mentorship, New York City office space, and access to a worldwide network of fintech investors and businesses. The program’s areas of focus includes advanced analytics, blockchain technology, financial inclusion, identity & authentication, investments & personal finance, mobile security, P2P lending, and payments.
- Founded in 2o1o by Alex Farcet, Carsten Kolbeck, Patrick de Zeeuw, and Ruud Hendriks
- Headquartered in London, U.K.
- Notable Startups: BankGuard (FE17), bondIT (FF16), Dragon Wealth Asia (FA13), investUP (FE16), InvoiceSharing (FE17), iproov (FE17)
An accelerator network with a global reach, Startupbootcamp sponsors events in more than 100 cities every year. It has more than 460 startups in its portfolio, more than 70% of which received funding. Startupbootcamp was named Best Accelerator 2014 in the European Tech Startup Awards. In addition to its fintech accelerators in New York, London, Singapore, and Mumbai, Startupbootcamp also provides programs in e-commerce (Amsterdam), insurance (London), and IoT (Barcelona).
Since its inception, Techstars has accelerated more than 1,000 companies, with an active or acquired rate of 90%. The firm has provided $3.7 billion in total funding to startups with a total market capitalization of more than $9 billion. “We fund technology oriented companies, typically web-based or other software companies,” Techstars explains in an FAQ, “but we’ve funded companies that don’t quite fit that mold as well.”
- Founded in 2006 by David Cohen, Brad Feld, David Brown, and Jared Polis
- Headquartered in Boulder, Colorado
- Notable Alums: Remitly, DigitalOcean, ImpulseSave (FF12), Realty Mogul, Good April (FS13), Market IQ (FF13), Bitfusion, Zighra (FF13), Robinhood,
Techstars just celebrated the 10th anniversary of its Techstars Startup Weekend. Also this month, Techstars announced the addition of more than 100 companies to its Worldwide Network. In June, Techstars teamed up with GINCO to launch the Techstars Dubai Accelerator, which opens this month and will begin its first class in January. Techstars introduced a new accelerator in Paris in March, partnering with venture capital firm, Partech Ventures.
The upcoming Showcase of Accelerators, Incubators, and Innovation Labs at FinovateFall will feature demos from each of our featured accelerators. To be a part of our Discussion Days audience at FinovateFall, be sure to register and save your spot at the show today.
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