In the world of technology and booming number of startups, Barclays PLC, the international company globally renowned for the quality of financial services it provides, has opened up to applications from various angles for its accelerator programme in London.
The accelerator programme, which has been dubbed the Barclays Accelerator, is primed to run for a full 13 weeks during which full-time Techstars would be on ground to take charge and accelerate start-ups that are focused on fintech. Barclay’s data and technology is also expected to be made available to the startups throughout the duration of the programme.
The Barclays Accelerator has been fashioned in such a way as to enable startups gain access to mentorship from experts in the industry whilst providing them with the perfect work environment. Incentives have also been added to the programme to aid commitment and dedication, one of which is the opportunity for startups to pitch their ideas come April 2016, the actual date still undisclosed.
Going with the norm likewise this year, the Premier League Sponsors since 2004 are prepared to invest between 100 – 200,000 US dollars in each company, holding the right to retain equity (as common stock) up to the range of 6 – 10%. The Barclays’ Accelerator programme which is scheduled to begin on the 25th of January, 2016 would close up to application submissions on the 14th of October, 2015.