Kiwibank’s FinTech Accelerator is a program designed to help innovative Kiwi businesses gain access to the latest technology and mentoring from the world’s leading innovators. It was launched in September 2018, with a mission to create more jobs for New Zealanders. The accelerator will be open for applications again in 2020.
What does it do?
Kiwibank FinTech Accelerator program helps innovative Kiwi businesses gain access to cutting-edge technologies and mentoring from the best entrepreneurs around the globe as they work towards creating more jobs for New Zealanders.
How does it work?
The Kiwibank FinTech Accelerator works by providing successful applicants with $25k funding (in return for a seven percent equity stake), access to world-class mentoring and industry experts, office space, and support services.
Who is sponsors?
The Association of Australian online pokies is a sponsor of a few startup funds, which include Rizk casino, Takebet.com which provides detailed instructions on how to bet with bitcoin etc. These include the Seed Plus program, which offers support and mentorship to entrepreneurs who want their company off the ground, for example, inkedin; as well as Boost VC’s early-stage investment group with companies like Uber and AirBnB making appearances on its website listings!
What is the FinTech Accelerator looking for?
Kiwibank FinTech Accelerator program looks for innovative ideas in financial technology that have a potential growth path domestically or globally, with an eye on job creation. The selected businesses will be expected to work closely with Kiwibank’s innovation team over 12 months as they explore opportunities in new markets within New Zealand and overseas.
Who can apply?
The application process is open to all Kiwi innovators who are seeking funding from private investors (no requirements) but must also meet the following criteria: -Have a fully developed scalable business model – Have a team of at least two people – Be incorporated in New Zealand or have a subsidiary based here
When is the application deadline?
Applications for Kiwibank FinTech Accelerator program close on September 30, 2019. Applications will be assessed and shortlisted by an independent panel with finalists invited to present their businesses to the Accelerator’s Board of Directors later this year.
How do I apply?
The online form may be found through the following link: registration is closed. The form should only take about 15 minutes to complete but applicants are encouraged to attach supporting documents such as a business plan, financials, and proof of registration if required. Applicants who submit incomplete applications won’t progress further the process so it is important applicants have all the required information available before starting on their application.
Kiwibank FinTech Accelerator program helps innovative Kiwi businesses gain access to cutting-edge technologies and mentoring from some of the world’s leading innovators as they work towards creating more jobs for New Zealanders. The accelerator will be open for applications again in 2020.
The online form may be found through this link: registration is closed. Applicants who submit incomplete applications won’t progress further so it’s important that those applying have everything needed readily accessible. Applications close September 30, 2019, with finalists invited to present their businesses later this year to the Board of Directors after assessment by an independent panel. Those interested must meet certain criteria including having a fully developed scalable business model and a team of at least two people.
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