Startupbootcamp has launched an insurtech accelerator in Hartford, intended to recruit new entrepreneurial and tech talent to the insurance hub.
The incubator program, now accepting applications, is part of The Hartford Insurtech Hub, an initiative created by the insurer to support startups by providing connections to industry partners and investors that will help spur innovation in the region.
Each year, 10 to 12 startups will be accepted into the three-month accelerator and will receive an initial cash grant of $25,000. Startups additionally will work out of the Upward Hartford shared work space and gain access to Startupbootcamp’s global network of mentors and investors. Companies must have a working product prototype and have previously secured funding ranging from $150,000 to $500,000 to be eligible. Founding carrier partners of the London-based company’s incubator include Cigna, Travelers, USAA and The Hartford.
“We are fortunate to be working with some of the most renowned insurance brands in the United States to continue building entrepreneurial talents within the insurance and technology space," said Sabine VanderLinden, CEO of Startupbootcamp Insurtech, in a statement. “During the past two years, we have seen increased and speedier engagements between fast-moving insurers and those startups that have propositions clearly aligned to corporate entities’ needs.”
