Des Moines, IA, October 29th, - 2020
BrokerTech Ventures, the first broker-led convening platform and accelerator focused on delivering innovation to the insurance agent-broker industry, has opened the application window for its 2021 BrokerTech Ventures Accelerator program.
The company, backed by 13 industry-leading firms and carrier partners throughout the U.S- is dedicated to fostering innovation in the insurance space by providing early-stage Insurtech companies the support to develop tech solutions for the industry.
“Our 12 BrokerTech Ventures Accelerator startups logged over 60 engagements with 13 agencies and selected insurance company partners, a true testament to the visibility and industry-leading distribution model created by our BTV platform,” said Dan Keough, Holmes Murphy chairman and CEO and BrokerTech Ventures co-founder. “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 startups will bring to the table.”
The concept of the BrokerTech Ventures Accelerator is to be an “innovation hub” and proof of concept environment for broker-centric startups to test broker-centric products and technology solutions, ultimately bringing validated solutions to the industry.
“We were overwhelmed by the hospitality, and we loved the networking space,” said Peter MacDonald Co-Founder and CEO of Wunderite, a graduate of the inaugural BrokerTech Ventures Accelerator cohort. “We found that there was the highest level of executive engagement that one could expect from a program like this. There were executives from every insurance company out there, and as a former broker myself know something special is happening to the broker industry.”
The deadline for BrokerTech Ventures Accelerator submissions is November 30, 2020, and selected startups will be notified of acceptance in early February 2021. Subsequently, the cohort will begin the five-week Accelerator program in March 2021. More than $500,000 in funding is at stake for the selected broker-centric, seed and early startups, with each startup receiving up to $50,000.
“As an entrepreneur and a startup founder for the last twenty years I know that if I had an Insurtech startup I would absolutely apply to the BrokerTech Ventures accelerator,” said John Jackovin, BrokerTech Ventures Accelerator Executive Director. “Nothing accelerates your company quite like customers.”