BrokerTech Ventures has opened the application window for the 2020 BrokerTech Ventures Accelerator programme.
The programme was launched earlier this month by Holmes Murphy, who partnered with M3 Insurance, PayneWest Insurance, ABD Insurance & Financial Services, Conner Strong & Buckelew and Assurance.
The programme is designed for investors and innovators to build the next generation of technology solutions for insurance agencies and brokerages.
Dan Keough, Holmes Murphy chairman and CEO and BrokerTech Ventures co-founder said: “We’re looking for any and all new ideas applicable to the agent and broker community.”
He added: “We intend to cast a wide net to capture the broadest view of innovations which support needs specific to brokers, ultimately bringing these selected insights and products to our customers and business partners.”
The deadline for submissions is 29 November 2019, and selected startups will be notified of acceptance in early February 2020. Afterwards, the first cohort will begin the five-week Accelerator programme in March 2020. A total of $500,000 in seed funding is at stake for the selected broker-centric, early-stage startups, with each startup receiving up to $50,000.
In addition to the Accelerator submission process opening, a targeted search is in progress for the organisation’s first executive director. BrokerTech Ventures will accept applications for this position through 1 November 2019.
Commenting on the programme launch, Keough explained that some of the automation, analytics, and other ideas that come out of the accelerator will have a potential benefit for captives, as well as for independent agencies and brokerages.
Keough said: “At Holmes Murphy, and with our own investments in building out Innovative Captive Strategies, we believe that our greatest investments are those in which we uncover innovative solutions for our customers.”
