Fintech Startupbootcamp comingtoLondon

7 February 2014

A Startupbootcamp that doesn’t believe in grammatical spacing is coming to London, UK, this summer when a new three-month fintech accelerator programme will begin in St Katherine’s dock, near the iconic Tower of London, with multiple corporations such as MasterCard, Lloyds Bank and Rabobank, offering support and potential investment to small tech firms, alongside legal advice from participating lawyers MJ Hudson.

An early stage selection process will run this year to choose ten start-up technology firms to that can be put forward for the €15,000 prize to the best idea, with the winner obtaining three months' free office space in London's Rainmaking Loft, a 10,000 square foot small business hub; not to mention lots of useful contacts and business leads for the future.

All the shortlisted firms will benefit from mentoring from more than 100 other entrepreneurs, investors, and corporate partners, who will advise them on how to develop and sell their ideas. Startupbootcamp’s partners at MasterCard and other firms will also provide the budding entrepreneurs with access to pilot customers, industry data, application processing interface (API) data and capital.

The set-up apes the Level39 fintech accelerator space at London’s Canary Wharf financial hub and some aspects of SWIFT’s Innotribe event at the Sibos trade show - and indeed Nektarios Liolios, a former leader of the Innotribe, is Startupbootcamp’s managing director. Other more pitching-focused events such as Finovate are also growing, with this show returning to Europe again next week with a two-day ideas pitching show in London [watch out for the bobsguide report next week] as more and more financial services firms look to harness the energy and innovation of small-scale start-up firms in their business.   

According to Alessandro Hatami, director of digital payments and innovation at Lloyds Banking Group: “Through this partnership, we hope to help smaller fintech businesses get access to the expertise and funding they need in order to grow. We will work with Startupbootcamp to advise start-ups on how to become more effective in working with large financial institutions (FIs), especially by providing insight on customers’ needs and expectations.”

 

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