ABN AMRO wants startups to help shake up services

News item -

ABN AMRO is reaching out to all entrepreneurs with inventive financial products and services that want to help create a healthy future, an inclusive society and a sustainable economy. In partnership with innovation and investment platform Techstars, the bank is organising an intensive accelerator programme for startups. We are pooling their expertise, experience and networks to offer companies with potential the chance to fast-track and upscale the development of their services. Startups that are interested in this opportunity can apply now.

ABN AMRO intends to be ahead of the pack with inventive financial services. Startups and their ecosystem are a key ingredient in achieving this. In return, we will help the startups to reach the top of their areas of expertise. Combining the revolutionary services that these entrepreneurs offer with ABN AMRO’s expertise and scope will allow everyone involved to realise their ambitions. Edwin van Bommel Chief Innovation Officer ABN AMRO

Fast track to financial innovation

Over the next three years, ABN AMRO will work with Techstars to organise a series of startup accelerators: intensive thirteen-week programmes where ten selected companies can draw on the knowhow of experts in banking and a hundred of Europe’s leading fintech mentors. They will advise the startups on a range of aspects of doing business, from business modelling to go-to-market strategies and from technology to pricing models and fundraising. Each accelerator programme will end with a Demo Day showcase, where the participants can meet investors, clients, media and other operators in the startup ecosystem.

Innovative capability at the office

ABN AMRO will host the accelerator programmes at its head office, where it can work in close proximity with the startups. The purpose is to increase the pace of digitalisation and innovation, both within the bank’s own organisation and beyond. The partnership with Techstars will put ABN AMRO in a strong position to attract companies which have the potential to shake up the financial sector, and support the entrepreneurs that founded them with a world-class startup programme.

“We have come a long way with digitalisation and innovation in recent years. Our app is strong, we are developing numerous new products and services, we have partnerships with exciting platforms and we are investing in fintechs that show potential. At the same time, however, we are looking to build closer ties to the next generation of entrepreneurs. That is what makes the partnership with Techstars so valuable.” - Edwin van Bommel, Chief Innovation Officer at ABN AMRO.

Selection and terms of participation

The first accelerator, on the theme of the Future of Finance, will kick off in March 2021. Startups interested in joining the programme can apply between 21 September and early December. In February, Techstars and ABN AMRO will announce the ten companies that have been selected to help build the future of client-focused financial services in 2021.

Calling all startups: apply now!

To find out more about the programme and the terms of participation, or to sign up now:

Click here.

More about Techstars

The goal of US incubator Techstars is to make innovation possible for everyone, everywhere. To create a more sustainable and inclusive world, the organisation connects startups, investors, companies and cities. Since 2006, Techstars has guided over 2,200 starting companies through the initial phase of their existence. Selection is strict, with less than 1% of all applicants making it through to the main programme. This is one reason why 86% of all the startups that completed the programme are still in existence, and currently represent a combined value of 27 billion dollars.


Join the discussion

ABN AMRO would like to know your opinion, so below this article you can react to this article via Disqus. By doing so, you agree to the conditions for reacting to articles on our website.

Related news items

More news about innovation