{"id":28677,"date":"2015-07-26T00:00:00","date_gmt":"2015-07-25T12:00:00","guid":{"rendered":"https:\/\/bravenewcoin.com\/insights\/barclays-launches-its-first-us-based-fintech-accelerator-rise\/"},"modified":"2023-11-28T23:50:50","modified_gmt":"2023-11-28T10:50:50","slug":"barclays-launches-its-first-us-based-fintech-accelerator-rise","status":"publish","type":"post","link":"https:\/\/bravenewcoin.com\/insights\/barclays-launches-its-first-us-based-fintech-accelerator-rise","title":{"rendered":"Barclays Launches Its First US-Based Fintech Accelerator, Rise"},"content":{"rendered":"

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Following up from its success with UK based<\/a> accelerators, opening shop in the US was merely a question of time for the UK bank. Rise will be a global digital network aimed at promoting online collaboration and participation in innovation challenges.<\/p>\n

Barclays\u2019 existing open innovation sites, previously known as Escalators, in London and Manchester will be rebranded as Rise locations. In each location the FinTech Accelerator will provide a physical site for innovative companies, offering a co-working environment, world-class event spaces, and meeting rooms.<\/p>\n

Rise will also house the Barclays Accelerator, a 13-week intensive startup program designed to help businesses deliver breakthrough innovations in fintech, run in partnership with Techstars<\/a>.<\/p>\n

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\u201cWe are thrilled to build on the success of the Barclays Accelerator, powered by Techstars, in London.\u201d
\n— – Jenny Fielding<\/a>, Techstars Managing Director<\/p>\n<\/blockquote>\n

\u201cIt is time to redefine financial services,\u201d said Michael Harte<\/a>, Barclays\u2019 Chief Operations and Technology Officer. \u201cRise is designed to help shape the future of our industry and drive growth. We\u2019re seeking to connect the world\u2019s most active innovators to each other, to corporates, and to resources and support networks.\u201d<\/p>\n

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\u201cBy accelerating the development of groundbreaking products and services, we know that we can help to keep Barclays at the cutting edge of financial services, all while helping to revolutionize the industry.\u201d
\n— – Michael Harte<\/a>, Barclays\u2019 Chief Operations and Technology Officer<\/p>\n<\/blockquote>\n

Rise New York<\/a> is based in the city\u2019s iconic Castro Building on 23rd Street, in the heart of Silicon Alley, and will be home to the first New York cohort of the Barclays Accelerator.<\/p>\n

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The New York cohort of the Barclays Accelerator will follow in the footsteps of the two London cohorts and will build on the many milestones already achieved. 21 startups have participated in the Barclays Accelerator programs, and more than 80% of those companies achieved their self-defined funding goals after completing the program.<\/p>\n

Seven out of the ten companies from the most recent London Accelerator cohort are currently exploring opportunities with Barclays, while 3,800 startups have been engaged through events hosted at the London and Manchester sites, and over 130 companies have used a Rise site for co-working spaces.<\/p>\n

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\u201cBringing this same focus to the U.S. will provide this new class of fintech companies with the same access to our worldwide networks in addition to providing new resources and benefits that come with being part of the Rise community in New York."
\n— – Jenny Fielding<\/a><\/p>\n<\/blockquote>\n

Derek White<\/a>, Barclays\u2019 Chief Design and Digital Officer added, \u201cWith Rise and the Barclays Accelerator, we are unlocking the power of open innovation. By using our collective resources, we hope to accelerate the speed of innovation in financial services, and potentially unlock significant benefits for millions of people across the globe.\u201d<\/p>\n

The 11 companies that will participate in the Barclays Accelerator program in New York were selected from hundreds of applications received over the past four months from companies based in 55 countries.<\/p>\n