Press release, Alicante, January 17, 2020
Digital District makes a firm commitment to the Fintech sector with the organization of the I Bootcamp Blockchain & Fintech Accelerator @ Alicante
Valencian Community’s Digital District will organize the first Bootcamp Blockchain & Fintech Accelerator in Alicante, which will take place from March 23 to 25 in the premises of Digital District with the participation of the main national and international finsurtech startups and multiple banks and insurance companies.
Aware of the growing importance of the “fintech” sector, – a term that merges finance and technology related to companies that are intermediaries in the banking sector -, Digital District has made an outstanding commitment to boost and promote a first class meeting aimed at attracting the best talent and supporting the development of technological businesses to join the ambitious innovation ecosystem.
For this, Digital District on this occasion will have the services of Nestholma, a company highly specialized in the sector, which has recently been awarded by public tender, the contract for the implementation and development of this bootcamp.
The organization of the Blockchain & Fintech Accelerator @ Alicante starts with a phase of registering interested startups, – which is currently open – as well as conducting workshops between Nestholma and financial institutions interested in participating in this meeting. (The web pages for applications are open at spain.blockchainfintechaccelerator.com).
According to the needs of banks and insurance companies, a selection of between 20 and 30 startups will be made during the month of February, which will have the proper support of coaches and mentors of the organization for the full use of the program.
The Bootcamp itself will start on March 23, with an open event and an extensive work session dedicated to connecting the different participants in a unique ecosystem that allows them to know each other, analyze the scope of the activity of each startup, as well as the possibilities of implementing their respective business models.
On March 24, there will be interactive workshops in which attendees will be able to define possible collaborations, address joint value proposals, learn about the most attractive pilot projects, etc. Likewise, this day will focus on collaboration models, negotiation of associations, alternative financing channels (preparation for STO), effective piloting and analysis, and the management of innovation projects, among other aspects.
Finally, on March 25, startups and financial entities will finalize their alliances of joint work, and close the meeting with an open session in which the interaction of all the components of the ecosystem in Alicante will be accentuated.
The program also includes an extra day for possible meetings, on March 26, that will allow to reserve time for meetings, all with the objective that selected startups have the support of financial institutions to start working and collaborate in the environment and ecosystem promoted by the Valencian Community Digital District.
Antonio Rodes, general director of Digital District has highlighted that “the importance of developing projects from the Digital Economy contribute improvements in the modernization of the traditional productive fabric”. “In this sense –he has emphasized–, it is very important to promote development in the field of Fintech and Insurtech from companies of the Digital D.” In this regard, he has also valued the collaboration of Nestholma, a company installed in the Digital District “that has a great experience in the sector, especially in the Nordic countries, and that will serve as an attraction for companies specialized to that area in D. Digital”.
For his part, Daniel Collado Ruiz, CEO of Nestholma, has remarked that “Spain has a strong financial sector and brilliant start-up collaboration programs in it. This context makes Spain an excellent location for the first bootcamp, so we are excited to help financial institutions become frontrunners. ”
Likewise, according to Daniel Collado Ruiz, “the global fintech sector has matured a lot in recent years and also the technologies behind Fintech companies. This makes these types of specific programs feasible now. ”
Nestholma is an expert in effective collaboration between financial institutions and startups and has experience in 28 similar programs carried out in more than 10 countries. This first bootcamp in Alicante, thus, becomes part of the global Blockchain & Fintech Accelerator program of Nestholma, which will include other bootcamps worldwide.
Read more about Nestholma’s Global Blockchain & Fintech Accelerator Program from here and see also the Frequently Asked Questions related to the program.