Powered by Techstars, the Barclays Accelerator is a 15-week programme run by a full-time, dedicated Techstars team. 10 startups will be selected to come to London to accelerate their FinTech businesses. Successful applicants will get:
What makes this accelerator so attractive is the unprecedented access we'll give the chosen startups to help accelerate their business:
We're looking for 10 startup companies from around the world with an innovative FinTech proposition. If you're passionate about digital and have some radical FinTech concepts that you believe could instigate a new era in financial services innovation, we want to hear from you. Examples of the types of teams we're looking for include:
Leveraging both our own and the proven Techstars network, you'll benefit from the knowledge and expertise of some of the best business minds in the world, as you're mentored by world-class industry leaders and renowned entrepreneurs. All are highly acclaimed in their fields and can offer access to a network of contacts that could help accelerate your company's development by a year or more in just 15 weeks. View all mentors here.
Chief Design Officer, Barclays
Serial Entrepreneur & CEO, Central Working
Director of Strategic Partnerships, Barclays
Alex van Someren
Ruth Foxe Blader
Senior Digital Expert, Allianz
General Partner, PROfounders Capital
Head of Mobile Innovation, Barclays
You'll get to be part of the buzz of London, the vibrant European capital of digital innovation and the perfect place for FinTech startups to get their businesses off the ground.
We've teamed up with Central Working to create a beautifully-designed 11,000 sq ft open office in a stunning building dubbed 'the Harrods of east London'. It's collaborative, it's creative, and it's fun.
Throughout March, we'll be hosting events there to talk about the Barclays Accelerator and answer questions on the programme.
The timeline has 5 milestones as shown, with the programme itself broadly comprising 3 parts:
Month 1: Connect with leading entrepreneurial mentors
Month 2: Build your product and develop your business
Month 3: Hone your pitching skills at Investor Demo Days
Barclays Accelerator begins
Investor demo day
We're looking for technology-focused startups with a passion for innovation and lots of creativity, who share our revolutionary vision.
The Barclays Accelerator is looking for innovative, tech-savvy companies with cutting-edge concepts that could take banking into a new dimension. Your team must be capable of designing your solution and be ready to launch at the end of the 15-week programme.
We're committed to supporting entrepreneurs and startups. We'll provide tools and equipment, such as access to our technology platform and facilities, plus support for startups to get their products or services to market.
We'll also provide mentorship from carefully selected business leaders and entrepreneurs to help you develop your business model. These mentors will be able to give you unparalleled advice with networking, marketing, PR, pitching and more, to help you accelerate your company's development. Additionally, we'll provide a co-working office space in London's vibrant Tech City.
You'll be based in a Central Working office environment in Tech City, so you'll be surrounded by like-minded entrepreneurial people and teams. This will give you an excellent opportunity to build strong working relationships, learn from others' experiences and share your own.
No. Some will, but the majority will be world-class entrepreneurs and acclaimed business leaders.
We're not looking for experts in our systems, just creative startups with a visionary attitude and radical ideas. You'll get access to our APIs and support from developers who've designed and built some of our most successful products and services, so you can learn how we work when you start the programme. You'll also have access to Techstars' 'HackStars' – experts in the latest digital technologies. All we ask is that you're capable of building your own solution.
We're focusing on startups, so these tend to be small businesses or individuals, though there's no limit on the size of the company applying. We're particularly interested in financial or banking solutions that can be quickly brought to market and ready for beta testing or launch at the Investor Demo Days.
The application process is online and includes a few simple questions about your company and the team within it. You'll have the opportunity to include a video that describes your team and your business.
In this initial application process, we ask applicants to describe market opportunity, the team, the concept that you want to take forward and how you plan to execute it.
No, just complete the online application.
Applications open on 9 December 2013 and the deadline for submissions is 31 March 2014. If you're a finalist, we'll notify you by 2 May 2014. The timeline has full details, including start and end dates of the programme.
We can explore and make potential strategic investments. Techstars is also investing $20,000 in each company and retains 6% equity as common stock, as it does with all of its programmes. This means you'll be part of the extended Techstars network and will always be able to benefit from the business opportunities this presents.
Successful applicants will have the choice of receiving a $30,000 convertible note.
You'll have the opportunity to showcase your products and services at Investor Demo Days. First, a Barclays Investor Demo day and then a Public Investor Demo Day where a range of potential investors, which may include venture capitalists and influential industry leaders, will see your proposition and listen to your pitch.
The Barclays Accelerator office will be located on Mile End Road, east London, within Tech City.
We recommend that you're on-site as much as possible during the programme. The more immersed in it you are, the more you'll gain. Although we appreciate you may need to occasionally work elsewhere, please be aware that participating companies won't be able to take any Barclays materials, APIs, information or data away from the Barclays Accelerator office. There may be other restrictions on what work can be taken off-site, to make sure our confidential information and intellectual property rights are protected.
No, you'll need to make your own living arrangements.
Anyone from anywhere can apply. If you're accepted, you'll need to have a legal right to be in the UK. Techstars may be able to provide working visas for successful companies for the duration of the programme. If this isn't possible, we can put you in touch with agencies and services that can help you with visas and immigration, but we can only do this once you've been accepted onto the programme.
The Investor Demo Days will be in September 2014. One will be Barclays-only, so we have the first chance to see your work and ideas. Around 2 weeks later, there's a Public Investor Demo Day, which will be by invitation only. We'll invite key people from our strong network of industry leaders, investors, venture capitalists and press.
We're pleased to say there's no such thing as a typical day. Throughout the programme, you can expect somewhere in the region of 200 meetings with mentors, venture capitalists, CEOs, innovators and industry visionaries.
We'll be exposing our latest, innovative APIs and platforms. We'd prefer it if you leverage one of these platforms, but you may have some innovations that are just too exciting for us to pass up.
At the end of the programme, we'll have the opportunity to invest, particularly after seeing your products and pitch at the Barclays Investor Demo Day. You'll also have the opportunity to pitch to investors, venture capitalists and influential industry leaders during the Public Investor Demo Day in September 2014.
We'll support companies that are accepted by providing facilities, mentors, visibility and engagement around business opportunities that emerge from this programme. You'll also have the collective resources of Techstars, both during the programme and afterwards.
No, there are no guarantees. It's entirely at our discretion as to whether a participating company's product or service is taken on and distributed by us.
Techstars is an elite mentorship-driven startup accelerator. Founded in 2006, its philosophy focuses on deep mentorship and surrounding a small number of companies with highly engaged members of the entrepreneurial ecosystem to coach and support them for success. The Techstars community currently includes more than 1,000 mentors, more than 2,000 investors and over 340 alumni companies. It operates 10 programmes each year in Boulder, Boston, Seattle, Texas, Chicago, New York and London. It's funded by more than 50 venture capital firms and 25 angel investors.
Barclays Accelerator is a 'powered by Techstars' programme. These are run by full-time, dedicated teams to help bring innovative business ideas to market. We've teamed up with Techstars to run its proven model of mentorship, accelerated, intense development and world-class demo-day preparation.