Global accelerator program Startupbootcamp is launching a new fintech accelerator backed by NAB, Bupa, YBF, Deloitte, AWS, Cisco and Capgemini.
Based in Melbourne, the new accelerator will focus on financial health and wellbeing. Along with industry partners, selected startups will be looking at the intersection between open banking, consumer data right, insurance, superannuation and wealth management.
Founded in 2010, Startupbootcamp runs over 20 accelerators every year. In 2017 it launched a smart energy program in Melbourne with Energy Australia.
Applications for the three month program open today. The 10 selected startups will receive access to mentors and investors, $25,000 to cover living expenses and over $500,000 worth of partner deals.
Applications close in early April and the program commences in June 2019.
Startups will also receive co-working space at the YBF Ventures FinTech Hub, which was launched in late 2017 with the support of the Victorian Government.
Cindy Shay Director, Health Partnerships and Innovation Bupa said the insurer is focused on developing new value for its customers.
“Through our partnership with Startupbootcamp we can connect their network of brilliant entrepreneurs with our network to unlock value for customers. We are thrilled to be part of the Startupbootcamp FinTech program and look forward to working with the team, founders, corporates and customers,” Shay said.
Jonathan Davey, NAB Executive General Manager Digital & Innovation said backing the accelerator was a way to support the start-up ecosystem and could improve services and experiences for its customers.
“Specifically, through this accelerator program, we hope to work with early stage startups to test and trial new personal financial management experiences for our customers,” Davey said.