Six early-stage start-ups have been selected to take part in Accenture Ireland’s inaugural FinTech Innovation Lab Dublin.
In recent weeks the companies entered a 12 week Lab where the entrepreneurs will develop and road-test their innovations under the guidance of mentors from Allied Irish Bank, Bank of Ireland, FEXCO, Google, PayPal, State Street, Citibank, Realex Payments, and Ulster Bank.
The six companies are: biometric security player B-Secure; app optimization player XtremePush; video platform VideoBot; mobile commerce player Trip Crystal; banking software player Antuar; and blockchain technology player Signatur Labs.
Over the course of the 12-week lab the companies will develop their products under the mentorship of senior financial and technology sector eecutives in preparation for two investor pitch days in Dublin and London.
A hot bed for entrepreneurship
Pictured L-R are: Gearoid Power (Antuar); Kevin Loaec (Signatur); Bartek Czerwinski (VideoBot); Alastair Blair (CMD Accenture); Graham Healy (Programme Lead Accenture); Alan Foreman (B-Secur); Tommy Kearns (XtremePush); and Ben Carter (B-Secure).
Dublin is only the fourth city in the world in which Accenture has run the FinTech Innovation Lab; previous investments have ranged up to seven figures, and since 2012, early-stage companies have won over US$86 million in investment funding.
“This country is a hot bed for entrepreneurship and innovation so we were keen to bring the Accenture FinTech Innovation Lab to Dublin, and hopefully replicate the success of the programme in other markets,” said Graham Healy, programme lead for Accenture FinTech.
“This is only possible because of the high level commitment and support we’ve received from Enterprise Ireland and some of Ireland’s leading companies. The finalists stand to benefit an inordinate amount from direct access to these senior individuals.”
Fintech image via Shutterstock