BrokerTech Ventures, a broker-led convening platform and accelerator focused on delivering “innovation” to the insurance broker industry, recently announced it has opened the application window for its 2021 BrokerTech Ventures Accelerator program.
According to BrokerTech, the concept of the BrokerTech Ventures Accelerator is to be an “innovation hub” and proof of concept environment for broker-centric products and technology solutions, ultimately bringing validated solutions to the industry. While sharing more details about the accelerator, Dan Keough, BrokerTech Ventures Co-Founder, stated:
“During the first 2020 cohort, our 12 BrokerTech Ventures Accelerator startups logged over 60 engagements with our 13 agencies and selected insurance company partners, a true testament to the visibility and industry-leading distribution model created by our BTV platform. With the second cohort, I believe we can expect new solutions with bigger influence and ideas for the industry. I’m excited to see what the startups will bring to the table.”
The deadline for BrokerTech Ventures Accelerator submissions is November 30, 2020, and selected startups will be notified of acceptance in early February 2021. The cohort will then begin the five-week Accelerator program in March 2020. More than $500,000 in funding is at stake for the selected broker-centric, seed and early-stage startups, with each startup receiving up to $50,000.