Zone Startups, the accelerator brand of Toronto-based Ryerson Futures Inc., has been announced as the program partner by Barclays, for managing the RISE accelerator program at RISE Mumbai.
# Set up in the financial capital, Barclays’ RISE Mumbai presents a great opportunity for the fintech startup
# Great soft landing pad for global fin-tech startups
# Under this agreement, Zone Startups will manage and operate the RISE Accelerator program.
# Barclays and Zone Startups to work together in bringing about FinTech disruption and building some really cool products and services
In 2014, in joint venture with the BSE Institute, Ryerson Futures Inc. launched Zone Startups India, which is today, one of India’s most prominent tech accelerators. Over the past 2 years, Zone Startups India has built an impressive portfolio of 78 startups; of which, close to 30 startups have gone on to raise funding former angels and venture capital funds.
Under this agreement, Zone Startups will manage and operate the RISE Accelerator program. This is the 5th accelerator program being set up by Ryerson Futures under the Zone Startups branding.
Recruitment process for the RISE Accelerator will commence in early July, and the first cohort will start in early September. The program is expected to be 4-months long, and will conclude with a grand demo day in January 2017
“The partnership with Barclays reflects the growing success of our acceleration program,” said Matt Saunders, Ryerson Futures President. “As corporations look to become more innovative and entrepreneurial, our acceleration model gives them an effective way to connect with the startup ecosystem. Globally, we have been working with the corporate partners such as GE, IBM, and Deloitte. This is a great opportunity for us to work with an international bank. We have been very impressed with the quality of startups that we have been working with in India over the past two and a half years. This program we will be operating for Barclays will be a great platform for fin-tech startups.”
Ajay Ramasubramaniam, Director, Ryerson Futures India and Zone Startups says, “The past year has seen a lot of action in the fintech space, and at Zone Startups, we have closely followed the developments in areas like blockchain, artificial intelligence, machine learning, analytics which have been very exciting for some of the top financial services companies. Set up in the financial capital, Barclays’ RISE Mumbai presents a great opportunity for the fintech startup ecosystem in the city, as well as a great soft landing pad for global fintech startups wanting to tap the opportunity in Mumbai. We are delighted to partner with Barclays, and look forward to making this an exciting initiative.”
Ram Gopal, Chief Operating Officer, Barclays India said, “Barclays is delighted to partner with Zone startups to bring our Accelerator program to our newly opened Rise site in Mumbai. This is one way we are selling to connect, cocreate and scale Indian startups in the fin tech space.”
Himanshu Warudkar, Director – India Digital Office, Barclays Technology Centre India, says “Rise accelerator is a very important component of the overall Rise program and we are very excited at the opportunities this will open up for startup community, Barclays and Zone Startups to work together in bringing about FinTech disruption and building some really cool products and services.”
Mumbai-based serial entrepreneur, Satyen Kothari, Founder, Cube, and previously founder of Citrus Payments, has been associated with Ryerson Futures Inc. and Zone Startups since 2013, as a winner of the inaugural Next BIG Idea contest. Says Satyen, “I’ve been had the privilege of working with the Zone Startups team since they launched in India and I am excited about this amplified value they will have for the entrepreneurial ecosystem with this partnership with Barclays. I strongly feel that initiatives such as these greatly benefit fintech startups, including my current startup CUBE”.