Startupbootcamp’s three-month program for financial services startups and scaleups begins this week. And, at Capgemini, we are eager to launch our partnership with the global accelerator and to begin working with the 12 talented FinTech firms selected to participate.
As the “Innovation and Technology” lead for Startupbootcamp’s “FinTech & CyberSecurity” program in Amsterdam, we appreciate the opportunity to work closely with some of the world’s most promising fintech and cybersecurity firms.
The program offers a win-win symbiosis for everyone involved. Subject matter experts and leaders, such as those from Capgemini, offer mentoring and a qualification process to the startups and scaleups. At the same time, however, we gain invaluable insight into the latest innovative thinking and leading-edge technology.
Startupbootcamp includes 21 accelerator programs across 16 cities. The FinTech & CyberSecurity program is live in New York, Mumbai, Singapore, London, Shanghai, Mexico, Cape Town, and Amsterdam.
As a mentor, I will leverage my experience as a serial FinTech entrepreneur to focus and strengthen participants’ business models. My Capgemini colleagues and I understand the needs of banks—our clients. And we can help startups and scaleups to understand those needs, which will help them to work efficiently and effectively with banks and corporates.
How? Capgemini’s relationship with Startupbootcamp includes a qualification process that credentializes participants through a rigorous and systematic set of FinTech and cybersecurity measurements and criteria. Scale-up companies that have passed their first round of funding and have a viable and progressive business model will be eligible to seek qualification.
Moreover, Capgemini subject matter experts will embed with Startupbootcamp participant firms for one- to three-week engagements. And as a “partner in residence,” we will lend senior staff to spend a day each week with participants. We will offer advice on business processes, technology considerations, and go-to-market strategies.
Traditionally, banks and corporates are not risk takers. And that is why it is so critical for startups to demonstrate credibility and business traction. At the end of the three-months, I hope to have given mentees the confidence and skill to effectively describe their expertise and tangibly explain their business value. Preparation, the right architecture, technology, and documentation are all essential.
I will share the experiences with the Capgemini team and Startupbootcamp participants over the next 90 days. It all leads up to Demo Day in February when the startups present their acceleration results. Exciting days ahead!