“As we look at launching our fourth year in the accelerator space, I continue to be amazed with the depth and level of expertise, products and solutions being brought forward by startups for the betterment of the insurance landscape and our clients,” stated Dan Keough, chairman and CEO of Holmes Murphy and co-founder of BrokerTech Ventures. “This coming year, I believe we can expect new insurtech solutions with greater influence and even more diversity of thought for the industry. I’m excited to see what the startups will bring to the table.”
The function of the BTV Accelerator is to behave as an “innovation hub” and proof-of-concept setting for broker-centric merchandise and know-how, finally bringing profitable merchandise to the trade. The perfect candidates for this system are early-stage insurtech startups, BTV stated.
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“There isn’t anything that can accelerate a startup more than distribution, and that is exactly what the BrokerTech Ventures Accelerator does,” stated John Jackovin, government director of the BrokerTech Ventures Accelerator. “Our broker, carrier, and wholesaler partners are hungry for the latest technologies and products that will help them identify risks sooner, provide better service, and drive down costs. As a result, our startups achieve the acceleration they need to grow and thrive.”
The deadline for software submissions is Dec. 15. The preliminary assessment will happen in January, and the highest 20 startups chosen will happen within the Selection Series in March. The Selection Series shall be a digital occasion the place BTV companions can study extra concerning the merchandise, corporations and groups. The cohort will start the five-week accelerator program in April. More than $500,000 in funding is on supply for chosen startups, with every receiving as much as $50,000.
To submit an software for the 2023 program, go to the BrokerTech Ventures web site.