“As we have a look at launching our fourth yr within the accelerator area, I proceed to be amazed with the depth and degree of experience, merchandise and options being introduced ahead by startups for the betterment of the insurance coverage panorama and our purchasers,” mentioned Dan Keough, chairman and CEO of Holmes Murphy and co-founder of BrokerTech Ventures. “This coming yr, I consider we are able to count on new insurtech options with better affect and much more range of thought for the trade. I’m excited to see what the startups will convey to the desk.”
The aim of the BTV Accelerator is to behave as an “innovation hub” and proof-of-concept atmosphere for broker-centric merchandise and expertise, in the end bringing profitable merchandise to the trade. The perfect candidates for this system are early-stage insurtech startups, BTV mentioned.
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“There isn’t something that may speed up a startup greater than distribution, and that’s precisely what the BrokerTech Ventures Accelerator does,” mentioned John Jackovin, govt director of the BrokerTech Ventures Accelerator. “Our dealer, service, and wholesaler companions are hungry for the newest applied sciences and merchandise that can assist them establish dangers sooner, present higher service, and drive down prices. In consequence, our startups obtain the acceleration they should develop and thrive.”
The deadline for utility submissions is Dec. 15. The preliminary evaluation will happen in January, and the highest 20 startups chosen will happen within the Choice Collection in March. The Choice Collection might be a digital occasion the place BTV companions can be taught extra concerning the merchandise, corporations and groups. The cohort will start the five-week accelerator program in April. Greater than $500,000 in funding is on provide for chosen startups, with every receiving as much as $50,000.
To submit an utility for the 2023 program, go to the BrokerTech Ventures web site.