Startupbootcamp, an industry-focused startup accelerator program, held its second Demo Day for its ‘2018 FinTech & CyberSecurity program’. Led by MD Michael Dooijes and powered by partners such as Amazon, Cisco, Rabobank, ING, ABN-AMRO, and de Volksbank, the program requires participants to pass through a rigorous process.
The program includes going through several phases such as pre-program, during the program and post-program where each startup continues to work with Startupbootcamp’s portfolio companies after it has completed the program. Participants of the current program include 12 startups (11 international startups and 1 scale-up).
During each program, startups go-through the following phases:
Pre-program: Typical program opens applications for 3 months. Startups are invited to pitch via FastTrack events, industry conferences, and through referral. Top 20 founders invited for 3-day Selection Days. 8-12 startups get shortlisted
During the program: Startups get 3 months access to 400+ mentors, partners, and investors, office-space, €15K in cash per team. Culminates with Demo Day, a 1-day event
Post-program: Graduated startups continue to work with the accelerator’s portfolio companies after they have completed the program. Some transition to the ‘growth program’.
Fewer verticals mean better support & fundraising
‘FinTech & Cybersecurity program’ is one of the few accelerator programs that are solely focused on fewer verticals (FinTech and Cybersecurity in this case), thus bringing better support and mentoring to these early-stage startups.
The quality of this program is evident from the fact that the 12 finalists were selected out of more than 500 applicants from 73 countries. Another key aspect of the accelerator is its geographical footprint of the ‘FastTrack’ events, 1-day events every Startupbootcamp holds during their recruitment period.
These are conducted in Cape Town, Istanbul, Ireland, Johannesburg, Amsterdam, and Helsinki. Starting off on 30th of October 2017, the selected startups went on to an intense 3-months growth program in Amsterdam.
Startupbootcamp’s alumni at CES 2017
CES (Consumer Electronics Show) is the world’s gathering place for startups and companies to showcase latest consumer technologies. Four of the SBC’s alumni, from its IoT division, participated in the prestigious event. These include Monument, Thread in Motion, Domotz, and LiateR.
The accelerator also announced last month that it has. launched its second ‘Scale program’ in San Francisco, one month after the inauguration of SBC ScaleFinTech in Mexico City. The expansion to the US was aimed at supporting growth-stage startups.
12 selected startups:
Dolphin Blockchain Intelligence (Russia) ICO database and analysis platform to support investors in making quick and informed decisions.
FinCom (Israel) A developed proprietary technology that ensures compliance for KYC, AML & GDPR privacy by using phonetics and AI
Gyomo (USA) Gyomo utilizes just-in-time training, that combines machine learning, gamification, and crowdsourcing to deliver training
Hatch (Great Britain) A Smart Financial Platform for the Self-employed with credit scoring at its core
KlippaCast (Netherlands) Solving the paper receipt chaos. Unlocking data potential and making administration seamless.
OpSeeker (Spain) An online financial coach that empowers young people to have money for a lifetime.
Penstable (Denmark) Offers Europe’s first pension alternatives exclusively based on sustainable investments.
Stampwallet (Curacao, NL) A loyalty transaction platform for B2B and B2C
Treasury Delta (Ireland) A lead generating platform for commercial banks to grow their domestic market share and penetrate new markets
Vision Tech Lab (Portugal) Distributed deception platform that identifies internal attackers and inhibits their methods using powerful AI technology
Westgate (Great Britain) Virtual networks, allowing organizations to collaborate efficiently and securely with minimal hassle
FinBase, MijnGeldzaken.nl (Scale-Up, Netherlands) Helping employees and consumers understand their personal finances so they can make well-informed decisions in private life and career