The University of Strathclyde announced this week the launch of its new fintech accelerator program in collaboration with Strathclyde Business School. According to the University, the Strathclyde Entrepreneurial Network (SEN) accelerator programme encourages the development of early-stage innovation-driven fintech businesses.
“Four groups of entrepreneurs will have access to money and in-kind support to help them plan for future investment, capital growth and develop their value proposition during the debut six-month programme. BankPal, devised by MSc FinTech student Daniel Sloan, aims to provide a simple, low-cost alternative lending solution to traditional overdrafts while also improving consumers’ financial literacy.”
While sharing more details about the program, Professor Eleanor Shaw, Senior Vice-Dean of the Strathclyde Business School, stated:
“We are delighted to welcome the first aspiring entrepreneurs onto the University’s FinTech Accelerator and look forward to providing them with all the help and support they need to help realise their potential. The accelerator is an important part of the University’s FinTech Cluster and participants will be able to take advantage of a broad range of support from the emergent strong Glasgow fintech ecosystem, particularly from our partners within the Glasgow City Innovation District.”
Participants are selected by a financial growth panel and it’s ideally suited for start-ups with growth potential and applications for the next cohort will open in August 2019.