Posted by & filed under Accelerator, Banking, Collaboration, Featured, General.

The way we do transactions (of all sorts) is changing. Technologies such as blockchain and AI have affected the way we do our banking, insurance, legal work, administration, investments, etc.

But I’m preaching to the choir. Many of you who read this are already part of the next wave of fintech. Or they have the new killer insurtech solution. Or you’re using using blockchain to make some current operation obsolete.

Is that you? And most importantly, do you believe in partnerships with the big players in order to become the next big thing?

The you’ll be interested in the blockchain and fintech accelerator

And it comes with a twist.

A continuous boost in your business development

Our previous bootcamps and accelerators have run in batches. But we’ve seen that the biggest part of the value comes afterwards, from the community. So we’ve decided to re-build the concept from the ground up, and make our program continuous, so you can jump in and out whenever it suits your need best!

That means we have regular selection bootcamps happening all over the world, where new startups can join in. Join us in a journey through Spain, UK, Finland, Dubai, Singapore… We partner with banks in each of the locations to bring you closer to them, and for them to help us select the most relevant of you.

But those bootcamps also double as business development boosts for the previous startups in our community! In each of these places you’ll get to meet the relevant people from our partner banks and insurance companies and work on how you can disrupt the market together.

Terje Ennomäe co-founder of FeelingStreamIf you are selected you get to attend as many of those bootcamps as are valuable to you. We will have rotating topics that we work on, specialised on making you a collaboration machine. Because we take pride on our startups being the best at partnering with banks. And we want to help you get there. You will probably attend several at the beginning, and then join in at your pace if you need a refreshener or new connections to a new partner corporation.

What this means for you:

  • Startups: if you get selected for this program, you’ll have access to partners all around the globe through different bootcamps
  • Financial institutions: you can get access to the best innovations and make sure they get implemented in your organisation (instead of just mingling), contact us to become part of the community

A boost in your funding

But I left one of the best parts for last. One important part of the journey is funding, and most startups spend a lot of time chasing investors and negotiating terms.

But capital markets are changing. Venture capital still plays a strong role, but new formats of funding like STOs are entering the market. The process is becoming more transparent and efficient. We believe in the power of blockchain for streamlining investment proceses.

That’s why we’ve partnered with TokenMarket, to help you prepare your company for funding and STOs. When attending our bootcamps, you’ll prepare your company for doing a funding round, and take a fast track to liquidity for your investors. We will give you access to our network of investors, use the most modern technologies for your funding round, and bring in additional strategic partners to your round.

What this means for you:

  • Startups: learn the new ways of raising capital, keep your investors informed and raise funds efficiently.
  • Investors: do more transparent and efficient investments, on a broader scope, and get liquidity earlier.
  • Financial institutions: find your upcoming strategic investments, a curated deal flow to align your investments and your innovation.

It’s not an accelerator, it’s a community

As you probably know, we brings together the experience from organizing 26 collaboration programs with corporations such as Nordea, OTP Bank, TEB BNP Paribas, Nokia or Microsoft.

You can clearly see that Nestholma has done may programs before, and knows how to support the collaboration

Janos Barits, Fintechblocks

We bring that to you, at scale.

Of course, we won’t stop helping our partner financial institutions. This is an additional way of transforming finance, real estate, insurance, law… and human interaction in general! Are you ready to step on the gas? Join our community, apply here!

Posted by & filed under Featured, General, Press release, Programs.

At Nestholma we believe in proximity. Employees of financial institutions and entrepreneurs need to stay close to learn from each other. We need to be there as well, to make sure collaboration happens productively.

But…  fintech startups are born global. Fintech startups are not bound by national borders. They need to look past the few big players in their country and build a network of international connection early on.

Tough combination, right?

It seems like we must be everywhere at once. And even worse: financial institutions are expected to keep up with everything that’s going on!

In order to be closer to the financial and fintech ecosystems in Southern Europe and Latin America, we’ve decided to open an office in Spain. It will be part of Distrito Digital, a program by the Government of Comunidad Valenciana region in Spain. And we’ll work hard and make sure that there’s plenty of productive fintech activity for both sides!

Nestholma office in Alicante, Spain

Our new office in Alicante, Spain. Come visit us!

Way beyond hanging out and talking about what “could be”! We want to become a catalyser for startup collaboration here as well.

We want to get to know more people from the fintech ecosystem in Spain

That means that we’ll be looking very closely at Spanish startups, financial institutions, and ecosystem players in the space. If you are such a person (or connected to one), and regardless of where you are, please get in touch with Daniel, our CEO, to have a first discussion.

And don’t worry: we’ll also be close to those of you in the Nordics. We’ll of course stay active in Finland, and we will always be present where our partners are. Remember, we believe in proximity.

And as a showcase of this, let us welcome you home, in a new country.

Let’s make collaboration together!

Posted by & filed under Accelerator, Collaboration.

We have run 26 different collaboration programs in the past. And in many of them, we helped financial institutions run a corporate accelerator. Because of that, I often the get asked if “we are an accelerator”. And no we’re not: we have expertise in that area, but we are far from that.

In fact, because of those moments, I’m starting to hate the word “accelerator” a little.

But there’s an even funnier part. I often realize that people are confused about what accelerators are. So let’s take a step back, and start there.

Read more »

Posted by & filed under Banking, Collaboration, Featured, Fintech, innovating, Insurance.

The best innovations come from collaboration. Yet most attempts at collaboration fail. Most corporates blame the lack of strategic alignment or maturity. Most startups blame bureaucracy and internal politics.

And they’re both right: most of the time, there’s some building block missing. When you buy furniture, you wouldn’t leave half of the pieces “for later”. But with collaboration, that often happens. Neither startups nor corporations come with an Ikea-like manual.

That’s why we’ve decided to put together the elements of startup-corporation collaboration. After 25+ programs, we’ve seen a lot of what can go well, and a lot of what can go wrong. And many of the pitfalls are predictable, to some extent.

Read more »

Posted by & filed under Accelerator, Corporations, Human Resources.

Most corporate accelerators fail in giving tangible results. Many corporations don’t even have a clear vision of what they’re trying to do with it! Some succeed in bringing only a few innovations to the market. Rarely the ones that can create real change. And most fail at changing the corporation in any meaningful way at all. This is entirely predictable. If that’s you, you’re probably doing it wrong.

Innovation is messy: you don’t know much at the beginning of the process, of what you’re going to get. Unfortunately, many people feel like they can’t prepare because of this. When it comes to corporate transformation, it’s exactly the opposite. Both sides (the startups and the corporation) must do their homework. Before and after the accelerator.

In fact, the accelerator should be no different than normal business Read more »

Posted by & filed under Accelerator, Banking, Corporations, Featured, General, innovating.

Corporations benefit in many ways from having an accelerator. In our whitepaper, we already analyzed those benefits in depth. But one question that is sometimes tricky for people is: how much?

This is especially relevant when preparing a business case. Should you or should you not do an accelerator? What are the benefits, the costs, what do the numbers say? And sometimes you have to discuss with others in the corporation, why it’s a good idea to engage with startups. For those moments, it’s good to have some figures with you. 

That’s why we decided to build an economic model of the benefits; the Nestholma Business Case Builder. And we’re sharing Read more »

Posted by & filed under Accelerator, Startups.

While promoting our accelerator programs, we get lots of questions regarding logistics, financing, or other parameters that might influence your decision. Here are some answers to the most common questions:

Do I need to relocate to the program’s location?

The accelerator program is on-site: it requires the founders to be physically present in the corporation partner’s premises. Building a fruitful collaboration takes time (many meetings, involving many people from the corporation, etc). You need to be ready to invest those 3 months in the collaboration.

During that time, we also help you develop your business better in many ways, which in turn helps you structure and define the collaboration. This also requires decision-makers from the startup (the founders and/or anybody that you decide) to be physically present. You need to be able to make strategic decisions quickly during the program.

Of course, we understand time or travel constraints Read more »

Posted by & filed under Accelerator, Banking, Featured, Fintech, Global Fintech Accelerator, Programs.

Collaboration between startups and corporations is not easy. Most attempts to cooperate actually fail. There is a cultural divide between their two worlds. This why you need a mediator who understands both of those worlds: to make the collaboration a win-win for both the corporation and the startups.

Luckily, our area of expertise at Nestholma is exactly that: collaboration. Turning it into an actual business. Making the magic happen. “Banks and startups speak a different language”, says András Fischer, Head of Retail Innovation. “We need an interpreter”. Tweet this. And we’re proud to say that they have chosen Nestholma as such an interpreter.

But what does Nestholma bring into the mix for the startups and the corporation, as an acceleration partner? Read more »

Posted by & filed under Accelerator, Banking, Fintech, Innovation, Startups.

It’s clear that for startups, having a big bank as a partner is crucial. And that OTP Bank is such a partner. It can make it or break it. It makes your startup bank-validated. But collaboration is not a one-way street. Tweet this. You also need to understand your partner and their motives; why they want to collaborate with you. After all, those are the things that will shape how the future collaboration will really be in practice.

We had a chat with key people in OTP Bank to find out and share with you. And let me tell you, startups are in for a treat. Read more »

Posted by & filed under Accelerator, Banking, Fintech, Innovation, Technology.

Digital technologies have transformed the way we do… everything. And it continues to transform it, every day. We often read about new technology that looks like science fiction… but we’ve exploited only a fraction of the technologies available today.

On October 3rd and 4th I was lucky to take part in OTP Group’s Digital Meetup in Kecskemét. Participants included key people from OTP Group, from its 9 different countries. It also included partners that OTP Bank is working with – such as myself from Nestholma.

I got to see very interesting points of view on digitalization. Banking is going to change a lot in the upcoming years. And not only in the obvious ways. Read more »