Techstars, a US-based startup accelerator that provides mentorship-driven seed stage investment services, has announced the opening of applications for the Barclays Accelerator in Cape Town.
Launched last year by RISE, Techstars and Barclays, the accelerator is a three months intensive startup accelerator focused on innovations in financial services.
The inaugural edition saw 10 startups, encompassing a wide array of verticals with Fintech, from across the world selected to take part, concluding with a demo day which had over 400 attendees.
For this second edition, 10 startups from across the globe will also be selected to move to Cape Town for the 13 weeks program.
The selected startups will get unprecedented access to a world leading bank and to Techstars’ mentor and investor relationships across 13 locations. They will also be able to leverage Barclays Techstars Accelerator programme offices in London, New York and Tel Aviv.
Each of the participating startups will receive US$45,000 in exchange for 6 – 8% equity.
The accelerator program will commence at RISE Cape Town on May 9, 2017 and culminate with a Demo Day on August 2, 2017.
Startups operating in the financial services sector and interested in the program should apply by February 5, 2017. A series of meetups and webinars will be organized in several African cities for startups that are applying.
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