ICBA ThinkTECH Accelerator 2.0
January 6 - March 27, 2020
The ICBA ThinkTech Accelerator 2.0 is the only community bank-focused fintech accelerator in the world. The program provides mentorship from fintech experts, including in-depth access to the ICBA executive network, and hundreds of their community bank members.
Often referred to as America’s Favorite Lenders, community banks comprise 99% of all banks, provide more than 60% of all small business loans, make more than 80% of agricultural loans, have 52,000 locations across the country and employ 760,000 people. Through the ICBA ThinkTECH Accelerator 2.0, selected startups will gain broad exposure to thousands of community banks.
Applications close September 30, 2019.
Receive a $75,000 seed investment
Shape your product with one-on-one engagement with 40+ banks.
Pitch at ICBA Live 2020 in front of hundreds of community banks.
Accelerate your go-to-market.
Gain strategic insights from bank decision makers and industry thought leaders.
“The ICBA ThinkTECH Accelerator, powered by The Venture Center, transformed MK Decision’s market opportunity in the community banking space. If you’re a company that is driven to validate your product in the market, I’d encourage you to apply!” - Har Rai Khalsa, Chief Executive Officer at MK Decision
“The Venture Center is a unique opportunity, their partnership with ICBA equates to only one thing for your business, Success. Over the past 3 years, no other investment Adlumin has made has enabled us to meet more potential customers than the 30+ banks the Venture Center brings to the table. That sound you hear right now is opportunity.” - Robert S. Johnson, CEO + Founder, Adlumin
12 Weeks. 10 Startups.
With the help of our curated advisory committees for each program, The Venture Center selects 10 companies poised to develop fintech solutions for community banks that challenge the status quo. Through a rigorous curriculum, mentorship, and access to hundreds of c-level banking executives, The Venture Center is able to accelerate industry innovation with a focus on cutting costs, driving customer engagement and increase revenue.
Phase 1: The Venture Center team filters applicants for companies offering solutions aligned with community bank needs.
Phase 2: The ICBA and The Venture Center Selection Committee interview promising candidates.
Phase 3: The ICBA and The Venture Center Selection Committee finalize their selections and make offers to 10 companies.
Startups chosen will participate in a 12-week on-site program, complete with subject matter expert led curriculum that will help them plan strategically, address business and finance challenges, and provide mentorship from successful fintech and entrepreneurial experts.
Technology + Solutions of Interest
ICBA is dedicated to providing valuable resources and business solutions for their community bank members. During the application process, the ICBA and The Venture Center Selection Committee are hyper-focused on identifying products and technologies that will enable community banks to scale and succeed.
Primary areas of focus are listed below, but any startup or early stage company with a bank enabling solution is encouraged to apply.
Bank Engagement Opportunities
During the 12 week program, bankers, SMEs and financial service executives engage on-site. This provides leaders the unique opportunity to visit with each startup participating in the program and help refine their product models to suit the needs of your customers. VIP visits are typically conducted Tuesday - Thursday. If you are interested in participating in our VIP experience click here to learn more.
“I applaud what the ThinkTECH Accelerator does to mold and shape these early stage companies to assist them in developing successful products and companies. It’s a real difference-maker for ICBA and community bank innovation.”
— Jack Hartings, PEOPLE'S BANK