Techstars increases our global footprint with our first Asia-Pacific based accelerator in Australia – Techstars Adelaide
Techstars Adelaide will support early-stage companies advancing applications in Internet of things (IoT), big data, sensors and robotics, with potential to develop and commercialize technologies related to the defense and security sectors.
Defense research has driven some of the most transformative consumer innovation the world has seen, from the internet and GPS to superglue and digital photography.
Located in Adelaide, the state capital of South Australia, the program will connect 10 startups from all over the world to an established Techstars network of community leaders, founders, mentors, investors and corporate partners including seven of the world’s best companies: BAE, Thales, Austal, SAAB, ASC, Rheinmetall and DCNS.
Companies selected for the program will gain access to some of the most advanced technologies and advanced research through our partners. They will also collaborate with accomplished leaders working to advance the capabilities of a host of technologies being developed by the defense and security industries.
Adelaide is poised to become a global center of excellence for the defense sector with over $100 billion worth of major industry projects in the pipeline. Recent investment in innovation in South Australia includes a $230 million Center for Defense Industry Capability backed by the Australian Federal Government.
Applications for Techstars Adelaide are open. The program will run beginning in July 2017. Apply today.
FinTech is one of the hottest themes in the startup scene. Disruption is happening fast and venture capital money directed towards financial service innovation is at an all-time high.
At the same time, the interest level from financial incumbents to partner with these startup innovators is matching pace. For example, Techstars’ partnership with Barclays has grown exponentially, creating a sub-network of four FinTech accelerators within the Techstars family. The Barclays Accelerator, Powered by Techstars programs are now in London, New York, Tel Aviv, and Cape Town, essentially fostering the largest FinTech pipeline in the world.
Through the expansion of this relationship, Techstars has also expanded its team of Managing Directors to lead our efforts in these cities. Joining me and Jenny Fielding (who runs New York) is Chris Adelsbach in London, Liron Rose in Tel Aviv, and Yossi Hasson in Cape Town.
All three of them — Chris, Liron, and Yossi — share the characteristics we believe are the magic combination for our most successful MDs. All three are experienced and successful entrepreneurs, having built up and exited their own companies. All are angel investors with their own portfolios and track records. And most important, all of them are mentors to entrepreneurs in their ecosystems from whom they receive rave reviews.
Jenny and I are both proud and excited to have Chris, Liron, and Yossi joining Techstars, our team, and our journey with Barclays to help build the greatest FinTech companies in the world!
Eleven businesses are about to embark on their journey to shape the future of financial services as the Barclays Accelerator Powered by Techstars gets underway next week.
Applications came in from nearly 50 countries, with selected teams representing both the incredible FinTech scene in London and the international nature of the industry including teams from Toronto to Stockholm to Barcelona. In an age where “UK team” consists of a founder from Russia now living in Arundel, a founder from the Netherlands living in Ukraine, and an Israeli living in Australia, all corners of the globe seem to be converging here in London.
It will come as no surprise many of our founders have prior lives in banking, some with decades of experience as traders, financial analysts, or even former COO of an Egyptian bank. What we had perhaps not predicted is one founder’s stint as a stand-up comedian, or another confessing in his final selection interview: “It’s a little embarrassing when people realise you have a cash register in your bedroom.” The enthusiasm for financial technology here knows no bounds.
And now, with Barclays CEO Antony Jenkins and his ExCo joining us for our kick-off, let us introduce our teams to you.
The Eleven Teams:
Aire – Enabling financial access for consumers through a next generation credit scoring algorithm.
ClauseMatch – First cloud platform for matching and negotiating master agreements for trading over-the-counter derivatives and commodities.
Crowdestates – We are the UK’s first peer-to-peer secured lending platform for residential mortgage deposits.
DoPay – Provides financial access to people through their corporate payroll.
Gust Pay – Makes music festivals and more cashless using NFC wristbands and smartphone apps.
Katalysator – An in-store experience and payments platform, Katalysator makes it possible to send targeted messages to shoppers based on proximity to products.
Market IQ – Provides actionable intelligence for investment professionals based on both structured (company financials) and unstructured datasets (Social, News, Blogs).
NoviCap – Enables businesses in credit tight markets to quickly access growth financing by auctioning their outstanding invoices to investors.
Tryum – The “Oyster Card” for the restaurant industry – a simple way using one smart card or one app to gain loyalty, redeem rewards and pay for food and drink at your favourite places.
Virtual View – Providing augmented reality, together with interactive 360 degree images for social, retail, and commercial use.
Wagevance – providing an ethical and affordable alternative to payday loans, through wage-backed pay advances.