The program will last thirteen weeks, with a demo day being held on 23rd May in London. Through the accelerator, the companies will have access to support from both Barclays and Techstars.
This cohort is made up with entrepreneurs from across the UK, Poland, Ireland, India, Canada and the US.
The companies include: automated property management company Keybot, AI-powered compliance and audit company Audit XPRT, employee travel support app Sitata, automated SME accounting service Cyber Productivity, SME insurance platform Nimbla, international student bank account UniZest, fraud protection business Dev/Con, blockchain-based B2B e-commerce marketplace Crowdz, online investment startup Gatsby and lawyer booking service Oathello.
Techstars total portfolio of 1,300 companies have raised more than $4.6bn in capital, with 139 of these having been acquired.
In a recent interview with FinTech Global, Techstars managing director Chris Adelsbach said that some startups are raising capital too early, which is causing some to suffer a ‘down-round.’
Earlier in the week, cryptocurrency wealth management company Bankorus announced it has partnered with JD.com’s new blockchain and AI accelerator. The AI Catapult will look to support Chinese and international companies with the development of AI and blockchain technology.
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