PR85290

BOULDER, Colorado, Aug. 27, 2020 /PRNewswire=KYODO JBN/ --

  -- New accelerator program will support startups that are transforming

     financial services in business and life

Techstars, the global platform for investment and innovation, and ABN AMRO have

agreed to a three-year partnership to accelerate innovation through a Techstars

accelerator program. The partners will focus on identifying and supporting

innovative startups transforming financial services in business and life.

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The collaboration will connect ABN AMRO with Techstars' unmatched global

network and help the company accelerate digitization and innovation in

delivering its strategy. Through the mentorship-driven accelerator program, the

companies will recruit and support the most promising early stage companies in

the financial industry.

"Financial services and technologies underpin so much of what we do in

business, life and even socializing today," said Keith Camhi, senior vice

president of accelerators, Techstars. "Partnering with an innovative and

engaged company like ABN AMRO allows us to continue to tap the immense sector

expertise we have and help entrepreneurs develop solutions that enhance lives

and improve how businesses operate."

Selected startups will work closely with Techstars' program team and vast

mentor network, and with ABN AMRO's corporate innovation team, subject matter

experts, and network of clients.

"Working with the startup ecosystem is crucial for ABN AMRO's innovation

journey," said Edwin van Bommel, chief innovation officer, ABN AMRO. "Our aim

is to be at the forefront of innovation in relevant ecosystems, supporting

startups to become leaders in their field and allowing us to build out our

leading position in innovation. Partnering with a leading accelerator like

Techstars allows us to find and connect with the best startups in the global

ecosystem."

Timeline:

     - September 14, 2020 – Applications Open

     - January 2021 – 10 companies selected

     - March, 2021 – Start ABN AMRO and Techstars Accelerator

     - June, 2021 – Demo Day

About Techstars

Techstars is the global platform for investment and innovation. Founded in

2006, Techstars began with three simple ideas — entrepreneurs create the

future, collaboration drives innovation, and great ideas can come from

anywhere. Today our mission is to make innovation accessible to everyone,

everywhere. We do this by connecting startups, investors, corporations, and

cities to create a more sustainable and inclusive world. Since 2006, Techstars

has invested in more than 2,200 companies and today has a market cap of $27

Billion. www.techstars.com

About ABN AMRO

ABN AMRO serves clients in the retail, private banking and corporate banking

sectors. Our primary focus is on Northwest Europe. We offer clients in the

Netherlands an extensive and comprehensive range of products and services

across a variety of channels, including our Mobile Banking app and Internet

Banking. ABN AMRO possesses a clear and bold purpose: banking for better, for

generations to come. The bank's impact on society and on the economy is

tremendous, and for our contribution to be both positive and enduring we need

to make the right choices. Everything that we do derives from our purpose: now

and in the future.

Source - Techstars

CONTACT: Michelle Zack, michelle.zack@techstars.com