New FinTech Startup Challenge to Award Cash Prizes up to $100,000

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New FinTech Startup Challenge to Award Cash Prizes up to $100,000

Thursday, November 29, 2018 11:45 AM

Global Accelerated Ventures Opens Applications for New FinTech Startup Challenge

JACKSONVILLE, FL / ACCESSWIRE / November 29, 2018 / Global Accelerated Ventures (GAV), an innovation aggregator that identifies and fosters innovative talent for financial services partners, announced today it would offer upwards of $100,000 (USD) in cash prizes at its inaugural FinTech Challenge, sponsored by FIS and other leading companies.

The Global FinTech Innovation Challenge is GAVs new flagship event designed to create new business opportunities for startups and established market players. This two-day, elimination style event brings together the best and brightest of the startup community addressing blockchain, data analytics, process automation, banking, and payment challenges. Each startup will pitch their solution to a panel of judges spanning large FinTech providers, financial institutions, consultancies, and the media. The winner from each category will compete in a final competition for the honor of being named GAV's 'FinTech Startup of the Year' and the chance to win cash prizes. In addition to the competition, the event will feature keynote and panel sessions exploring topics of mutual interest across the FinTech community.

''The Global FinTech Challenge will showcase the world's most promising FinTech innovations and provide a clear path to success through our channel partners,'' said Thomas Buchar, Managing Partner at Global Accelerated Ventures. ''We are thrilled to have the support of FIS as the title sponsor of the event and look forward to hearing their insights as judges and panel participants.''

GAV plans to feature up to 50 startups at the event, all of which will be required to pitch their solutions to a panel of leading industry professionals. Participating startups must also be nominated by a VC, accelerator or other third party organization and meet the following competition criteria:

  • Must qualify as a collaboration partner
  • Completed a top-tier accelerator program
  • High relevance in one of the five competition categories (blockchain, data analytics, process automation, banking innovation, and payment innovation)
  • Generated revenues of 'less than' $2mm
  • Participation from C-level team members is required

''We are excited to put the spotlight on today's innovative FinTech all-stars'' adds Christopher Malter, Managing Partner and Founder at Global Accelerated Ventures. ''It's an exciting time to be in financial services with many changes happening across the industry. From our perspective, this change is happening faster outside of organizations, rather than within. We hope that these events can bridge the gap between established players and the startup community, fostering greater collaboration and innovation. There is a lot of innovative talent available and when matched with the right industry partner, can be a major boon for any organization.''

The Global FinTech Innovation Challenge will take place at the Florida Theater in Jacksonville on February 6 and 7, 2019.

About Global Accelerated Ventures:

Global Accelerated Ventures (GAV) is an innovation aggregator that identifies and fosters new talent and solutions for established partners that want to re-align business models and add fuel to innovate. Through strategic partnerships with global organizations across financial services, cybersecurity, healthcare, and education sectors, GAV takes a unique approach matching startup technology with partner requirements. Headquartered in Miami, with a growing presence in Chicago, London, and Tel Aviv, GAV is driving global communities to embrace ''shared economy idealism'' and develop sustainable innovation eco-systems.

For more information about GAV, please visit us at gaventures.co or follow us on Twitter: @GAVentures and Linkedin: Global Accelerated Ventures.

For more information, and to register for the Global FinTech Innovation event, please click here.

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SOURCE: Global Accelerated Ventures


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