be finnovative programme overview open day 27.09.2016
TRANSCRIPT
Programme OverviewKonstantinos Kalogerakis, National Bank of GreeceMichael Psalidas, Managing Director Crowdpolicy 1
fintechimpact
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What is fintech
● FinTech is a dynamic segment at the intersection of the financial services and technology sectors where technology-focused start-ups and new market entrants innovate the products and services currently provided by the traditional financial services industry.
● FinTech is gaining significant momentum and causing disruption to the traditional value chain. In fact, funding of FinTech start-ups more than doubled in 2015.
● Cutting-edge FinTech companies and new market activities are redrawing the competitive landscape, blurring the lines that define players in the financial sector.
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Fintech ecosystem
● Financial institutions● Tech companies● Infrastructure players● Start-ups
● Regulators and government● Investors, incubators and accelerators● Consumers and users● Emerging technologies and tools
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Source: Accenture
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Source: Accenture
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What is be finnovative
● A Business acceleration program for fintech startups
● Powered by i-bank and National Bank of Greece with the support of significant players in the fintech ecosystem
● Designed to develop business ideas in the broader field of financial transactions and transform them into profitable new businesses
● Addressed to students, developers, marketeers and entrepreneurs aspiring to change the way financial transactions are conducted
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Fintech accelerators around the globe
Source: The Secret of The FinTech Unicorns11
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Resources provided
Nice PlaceDynamic and collaborative
office space
SupportIdeas development, technological
solutions, new companies
ResourcesConsulting, cloud services and
technological support
MVPMVP development to evaluate viable
ideas
Open Bank APITransactions with National Bank of
Greece API
SandboxRealtime bank transactions
NetworkingExperienced mentors and international accelerators
FundingSeed funding and access to funding
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Evaluation
2 step procedure
Application evaluation
● Simple application● First teams and the 4 crowdhackathon teams participate in the be
finnovative bootcamp 14~16.10.2016
Bootcamp
● 2 mentoring sessions● Pitching of final ideas. Evaluation from judges and public
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Evaluation criteria
● Impact○ Markets, Local / Global, Entrepreneurship / Social
interest● Innovation
○ Technical and business innovation, technologies used, motivation to use
● Maturity○ Technical implementation, team
● Viability○ Business Model, market, financial
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1st acceleration cycle
● Duration: 24.10.2016 - 28.04.2017● Up to 10 teams
Activities
● Workshops for entrepreneurship culture and company operations● Sprint workshops● 1-1 Mentoring & coaching● Technical - IT - support● Invited speaker days● Bonding and networking events● Investment and demo day
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Mentors
Experienced mentors from Greece and abroad
● Bank industry● Universities● Accelerators● Crowdfunding community● Companies● NGOs● Local government
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NBG Open Banking API
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Equity Free - Impact Accelerator
● be finnovative is an impact accelerator meaning that successful applicants have no obligation to the organizers and supporters.
● National Bank of Greece powers the programme with the initial funding with resources, such as the provision of its open bank API, premises, office supplies, mentorship and coaching.
● The 6-month programme is open to get support in the form of resources provided by companies and public entities involved in the fintech sector.
● Resources needed are money, manhours and in kind.
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Location
Peireos 74 Moschato
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Apply
http://befinnovative.com/go
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