Fintech Fellows Initiative:
20 fintech startups launch in Nebraska!
Twenty new startups have raised their hands to launch fintech companies that aim to solve four market challenges facing small business owners and ag owners/operators.
With special help from First National Bank, The Startup Collaborative has identified four proven market problems — all with adjacency to the financial services industry — ready for fintech startups to launch around. These problems have been validated through customer discovery with hundreds of potential users motivated to find a solution.
On November 26, twenty founders launched their fintech startups inside The Startup Collaborative’s Fintech Fellows Initiative.
They are working 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 gained 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. The first round of grants will be made in early 2018.
Register for the celebrate their progress, along with other TSC fellows, as part of the All Rise Rally on Thursday, December 13.
Have questions about the Fintech Fellows initiative? Email us at firstname.lastname@example.org.
What is a Fintech Fellow?
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?
How did you source these opportunities?
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?
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?
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