Fintech Fellows Initiative: Applications Open

We are looking for great founders who are looking for their next startup. And, with special thanks to First National Bank and the input of hundreds of potential customers, we have several places you can start.

Exceptional founders look for these market problems and create solutions to them. The Startup Collaborative has identified four proven market problems — all with adjacency to the financial services industry — ready for great founders to create startups around. These problems have been validated through customer discovery with hundreds of potential users motivated to find a solution. Get your copy of the Market Insights Report here. 

With the Market Insights Report in hand, you’ll be ready to concept software-as-a-service solutions. And, with that, you’re ready to apply to become a Fintech Fellow.

As a Fintech Fellow, you’ll work inside TSC, using the program’s outcome-based methodology for deeper customer discovery, early prototyping and business modeling to ultimately create a software-as-a-service startup. Fintech Fellows will have access to an initial CRM, all customer discovery insights and interview transcripts and one-on-one time with financial service subject-matter-experts and curated potential customers.

The kicker: Fintech Fellows can earn $10,000 to $80,000 to accelerate their company’s growth based on outcomes met.

Register for the official kickoff as part of the All Rise Rally on Thursday, November 8.

Get the Insights Report!

The Startup Collaborative found four market problems. We are looking for founders who want to create the solutions.

Apply to Become a Fintech Fellow

You’ve read the Market Insights Report. You’ve schemed on a solution that has software at its core. You would bet on your ability to start and scale a company. Now, it’s time to officially apply to become a Fintech Fellow.

To get a better understanding of the benefits of participating in Fintech Fellows, the timeline or help answer other questions you may have, check the FAQ below.

Fintech Fellows Application

As a Fintech Fellow, you’ll work inside TSC, using the program’s outcome-based methodology for deeper customer discovery, early prototyping, and business modeling to ultimately create a software-as-a-service startup.
  • You are not required to have a team in place at the onset of Fintech Fellows.
  • Fintech Fellows are expected to create softare-as-a-service or platform-as-a-service models.

FAQs

Have questions about the Fintech Fellows initiative? Email us at hello@startupcollaborative.co.

What is a Fintech Fellow?
A Fintech Fellow is an entrepreneur that is working inside The Startup Collaborative (TSC), using the program’s outcome-based methodology for customer discovery, early prototyping and business modeling to ultimately create a software-as-a-service startup.

Fintech Fellows are solving already-validated market needs. TSC sourced opportunities from subject-matter-experts at First National Bank of Omaha and then put those out to potential customers/users for validation.

The opportunities represent hundreds of motivated buyers, looking for a solution to their pain points.

Fintech Fellows with solutions that meet customer needs can earn between $10,000 and $80,000 of capital to accelerate their company’s growth.

Who can participate?
The playing field is level and open to anyone who wants to earn their way! Applications will open on November 8 and will remain open until November 25. Sign up here to be notified when applications are live.
How did you source these opportunities?
Each Fintech Fellow market opportunity was originally conceived with subject-matter-experts within First National Bank of Omaha. Their unique position within banking, lending, wealth and agribusiness, put them in a daily position to hear and see challenges facing business owners and operators.

Once a market challenge was identified, TSC’s team found hundreds of potential customers who agreed that the challenge was truly troublesome and that they wanted a solution.

TSC assembled customer lists and did both broad and deep customer discovery with future/potential users to ensure each Fintech Fellow market opportunity is validated.

Now, Fintech Fellows get to have the fun creating software-as-a-service solutions for these motivated customers!

What capital is available for Fintech Fellows? How do you earn the money?
Capital-worthy Fintech Fellows will use TSC’s outcome-based methodology for customer discovery, early prototyping and business modeling to ultimately create a software-as-a-service startup.

Fintech Fellows can earn between $10,000 and $80,000 of capital to accelerate their company’s growth.

What type of solutions will earn capital?
Fintech Fellows that can show real market interest, as demonstrated and documented in customer discovery, will earn a shot at the capital. Capital-worthy Fintech Fellow companies need to be software-as-a-service and have high-growth aspirations.
What is the timeline?
  • Nov. 8 — Public reveal of Fintech Fellow market opportunities, applications live
  • Nov. 26, 6-8 pm — Initiation (required of participants)
  • Nov. 27 – Jan. 9 — Validate value prop, minimally viable prototype and business model
  • Jan. 10 — Final customer discovery presentations and outcome review
  • Jan. 17 — Five $10,000 grants awarded to deserving Fintech Fellows
Who owns the intellectual property?
Fintech Fellows own all the intellectual property and concept in its entirety.

*Fintech Fellows may also earn Murphy Vision Funds, which are equity financing.