The Barclays Accelerator, powered by Techstars, offers a unique programme designed to take your business further. We're fintech-focused and overflowing with opportunities.
Discover more about the Accelerator and see what happened last time on the Techstars blog
As well as getting unprecedented access to our APIs, data and knowledge base, successful applicants will also gain invaluable insights from some of the smartest minds in the start up and fintech worlds.
We're looking for 10 businesses to join our 13-week programme and help us to change the way we think about finance forever.
If you're passionate about digital and have some radical fintech concepts and ideas we want to hear from you – wherever you are in the world.
Completed applications need to be in by 9th January 2015, so gather your team and tell us why you should be one of the 10 teams to join us on this journey.
2014 sees us start the enrolment process of our second cohort of ground-breaking businesses into the Barclays Accelerator, powered by Techstars. Below are some key dates for your diaries.
Application process opens
Application process closes
Barclays Accelerator begins
External demo day
We're looking for technology-focused startups with a passion for innovation and lots of creativity, who share our revolutionary vision. We are open to businesses across all aspects of financial services.
The Barclays Accelerator is looking great founders with ideas that solve real problems or create meaningful innovations. For us, it's about the team and because of this, we're less likely to accept single founder companies. The best things you can do to strengthen your application are:
Your team must be capable of designing your solution and be ready to launch by the end of the 13-week programme. We are looking for impressive teams with an ability to execute.
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.
In conjunction with Techstars, 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. 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 from outside the organisation.
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 – which tend to be small businesses or individuals - but 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 our Demo Days.
The application process begins online, with an application form where you can tell us about your team, your product, and the market you are in. The questions are geared to understand both the business and the founders. Shortlisted candidates will be invited for interviews that can take place in person or remotely.
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.
No, not at all.
Applications open on 3rd November 2014 and the deadline for submissions is 9th January 2015. Finalists will be notified by 13th February 2015. The timeline has full details, including start and end dates of the programme.
Techstars is 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. Barclays may additionally explore potential strategic investment opportunities.
You will be meeting investors and building relationships throughout the programme.
You'll also have the opportunity to showcase your companies at the Accelerator Demo Days. First a Barclays Demo day, and then a Public Demo Day, where you can present your startups to the world, get market intelligence, network, share ideas and discuss your products and services with influential industry leaders.
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. Techstars can help you to smooth the process, as we are used to teams relocating.
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 Demo Days will be in June 2015. One will be Barclays-only, so we have the first chance to see your work and ideas. Next is a Public Demo Day, which will be by invitation only. We'll invite key people from our strong network of industry leaders, 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 150 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 consider the opportunity to invest, particularly after seeing your products and pitch at the Barclays Demo Day. You'll also have the opportunity to present to industry leaders during the Public Demo Day.
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 not we enter into any commercial arrangement with a participating company after the programme.
Techstars is an elite mentorship-driven start up 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.
If you have questions about the programme, application, please do not hesitate to contact our Techstars team:
Jess Williamson, Director,
Greg Rogers, Managing Director,
Also, feel free to contact our Barclays Accelerator team:
Alex Scandurra, Barclays Accelerator Accountable Executive,
Deddy Gan, Accelerator Lead,