Aviva and Founders Factory searching for “the next big thing”

Accelerator program in place as companies look to take financial technology forward

Aviva and Founders Factory searching for “the next big thing”

Insurance News

By Paul Lucas

A call for applications has been declared as Aviva and Founders Factory look for “the next big thing” in financial technology.

An accelerator programme was launched by the insurance giant back in May with the idea that five start-ups would be selected on an annual basis – and currently, there are three places remaining.

Companies that are chosen will benefit from support and mentoring from Founder’s Factory’s digital experts and also work closely with the insurer.

George Northcott, head of business development and co-founder of Founders Factory, believes the offer is unmatched in the marketplace.

“Places are incredibly limited for this accelerator programme and competition is tough as our offer is unrivalled,” he said.

Two businesses have already been chosen. They are Turkey-based Fitwell, a fitness coach and nutrition app; and Luther Systems, a blockchain solution from the UK.

Commenting on the businesses, Serge Taborin, global digital innovation director at Aviva, said: “We are very excited to work with these startups through our Founders Factory partnership. Both companies provide valuable skills and insights in areas that will have a significant impact on the insurance ecosystem – healthtech and blockchain.”

Businesses can apply for the accelerator here. The deadline for applications is October 7, 2016.

Related Stories:
UK’s insurtech investment triples
Spotify investor eyes UK start-ups, insurance disruptors


Keep up with the latest news and events

Join our mailing list, it’s free!