Barclays launches new tech business accelerator
Barclays has launched a new scheme aimed at supporting innovative businesses in the new technology sector.
The Barclays Accelerator, which is powered by Techstars, is a three month intensive startup programme designed to help firms deliver innovations that improve the banking experience for consumers.
Entrepreneurs and start-ups worldwide can apply and ten companies will be selected for a place on the programme.
They will then be guided through the process of growing and developing their business with the help of seed funding from Techstars, and custom built facilities in Mile End near Tech City.
Over the next three years, Barclays and Techstars have committed to working together to offer six different accelerator programmes, this being the first, which will ultimately help sixty different companies.
Techstars have previously run programmes for clients including Nike and Microsoft.