BNP Paribas, alongside its partner Plug and Play, announced on Friday they are launching a fintech and insurtech acceleration program in Paris.
According to BNP Paribas, the three-month program will be held twice a year and offer 10 startups with the following services:
- Business plan coaching
- Business development opportunities
- Fundraising opportunities
- BNP Paribas’ business relationship manager support
- Plug and Play mentorship
- Networking events and numerous speaker series
Jacques d’Estais, Deputy Chief Operating Officer and Head of International Financial Services of BNP Paribas, stated:
“At BNP Paribas, we believe in open innovation as a strong driver to transform ourselves towards building the bank of the future and providing our customers with high-value products and services. This goes through developing fintech incubation and acceleration ecosystems in Europe, the USA and Asia. This new step in our partnership with Plug and Play will complement our current programs, such as the fintech and Corporate Accelerator by l’Atelier BNP Paribas which allowed strategic investments in 2016. Building on this success we are strengthening our positions in the start-up ecosystem through this new partnership. It will enable us to further benefit from the global expertise of Plug and Play and create unique links between us and the European and Californian start-up.”
Founder and CEO of Plug and Play, Saeed Amidi added:
“It is with great pride for Plug and Play to partner with BNP Paribas, one of the strongest banks in the world. We are planning to build together a great innovation platform in Paris to serve innovation inside the bank and its different business lines. We are very excited by this opportunity to work with European entrepreneurs and offer technology transfer from our global network” explained Saeed Amidi, “We are already working with a number of exciting French and European companies like Michelin, Carrefour, RATP Group, Carlson Wagonlit Travel, Valeo, Mercedes, and Munich Re and look forward to furthering our work with BNP Paribas in Paris.”
Application deadline is March 10th and the program’s launch is April 18th.