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Global startups enter insurtech accelerator

Central Iowa's insurtech accelerator is a global draw.

March 29, 2017

Global startups enter insurtech accelerator

Now in its third year, Insurance Journal writes that the Global Insurance Accelerator in Des Moines is experiencing a “growth-spurt.” The accelerator has seen an increase in the number of applications, with more from mature companies. Four of the six participants in this year’s accelerator class have marketable products and two are at the early concept stage.

The Global Insurance Accelerator is a 100-day program where six startups with products for the insurance industry accelerate their companies’ development. During the 100 days, the entrepreneurs have direct access to more than 25 insurance companies in the Des Moines area and one-on-one mentorship with more than 60 insurance industry professionals. Each startup also receives $40,000 in seed investment.

The accelerator’s focus on one of central Iowa’s industry strengths has made it a worldwide draw – the six startups in this year’s class are from Arizona, Canada, Germany, Massachusetts, Michigan and Serbia. The Des Moines area has one of the highest concentrations of finance and insurance companies in the country, many of which sponsor the accelerator.

Read the full article here, “Mentor-Driven Global Insurance Accelerator Is Enjoying its Own Growth-Spurt,” Insurance Journal, March 6, 2017.



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