BrokerTech Ventures accelerator opens for 2021 cohort applications
BrokerTech Ventures, first broker-led convening platform and accelerator focused on delivering innovation to the insurance broker industry, has opened the application window for its 2021 BrokerTech Ventures Accelerator program.
The company, backed by 13 industry-leading firms and carrier partners throughout the U.S., is dedicated to fostering innovation in the insurance space by providing early-stage insurtech companies the support to develop tech solutions for the industry.
Dan Keough, Holmes Murphy chairman and CEO, BrokerTech Ventures Co-founder said: "During the first 2020 cohort, our 12 BrokerTech Ventures Accelerator startups logged over 60 engagements with our 13 agencies and selected insurance company partners, a true testament to the visibility and industry-leading distribution model created by our BTV platform. With the second cohort, I believe we can expect new solutions with bigger influence and ideas for the industry. I'm excited to see what the startups will bring to the table."
The concept of the BrokerTech Ventures Accelerator is to be an "innovation hub" and proof of concept environment for broker-centric products and technology solutions, ultimately bringing validated solutions to the industry. Those startups who took part in the inaugural cohort had nothing but great things to say.
Peter MacDonald, Co-Founder and CEO of Wunderite, a graduate of the inaugural BrokerTech Ventures Accelerator cohort said: "We were overwhelmed by the hospitality, and we loved the networking space. We found that there was the highest level of executive engagement that one could expect from a program like this. There were executives from every insurance company out there, and as a former broker myself, I know something special is happening to the broker industry."
The deadline for BrokerTech Ventures Accelerator submissions is November 30, 2020, and selected startups will be notified of acceptance in early February 2021. Subsequently, the cohort will begin the five-week Accelerator program in March 2020. More than $500,000 in funding is at stake for the selected broker-centric, seed and early-stage startups, with each startup receiving up to $50,000.
John Jackovin, BrokerTech Ventures Accelerator Executive Director said: "As an entrepreneur and a startup founder for the last 20 years, I know that if I had an insurtech startup, I would absolutely apply to the BrokerTech Ventures Accelerator. Nothing accelerates your company quite like customers."
Startups can submit the application for the 2021 Accelerator here.
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