Silicon Valley is taking a lot of credit as the location of choice for innovation and entrepreneurship. You can’t really blame it – Google, Facebook, Zynga, Pinterest and Instagram are just a few of many well-known names that have sprouted from the area. However, New York City is gearing to give the Valley some competition, especially in the financial services sector.
The FinTech Innovation Lab is an annual program run by the Partnership for New York City Fund and Accenture for early and growth stage companies that have developed cutting edge technology products targeted at financial services customers. The six winners of the annual contest will have the opportunity to present their technologies to top executives at some of New York City’s most powerful financial firms, refine and beta test their financial technology products in NYC and participate in panel discussions on relevant topics, as well as mentoring sessions with the Lab’s Entrepreneurs Network. Each winner can opt to receive $25,000 in equity financing from FinTech Lab.
Businesses applying do not need to be headquartered in NYC, but their senior staff should be prepared to spend 12 weeks in the Big Apple if selected... Read More