BrokerTech Ventures, the first broker-led convening platform and accelerator focused on delivering innovation to the insurance broker industry, opened its application window for its 2021 BrokerTech Ventures Accelerator program on 29 October 2020.
About BrokerTech Ventures
Founded in 2019 by Dan Keogh and Mike Victorson, BrokerTech Ventures provides avenues for the best minds in insurance and technology to collaborate and bring to market leading-edge ideas and solutions. BrokerTech Ventures invests in the research and testing for each of the chosen startups, provides access to veteran industry mentors, and helps scale the technology to market through broker distribution channels.
BrokerTech Ventures is dedicated to fostering innovation in the insurance space by providing early-stage insurtech companies the support to develop tech solutions for the industry. It is backed by 13 industry-leading firms and carrier partners throughout the U.S.,
The concept of the BrokerTech Ventures Accelerator is to be an “innovation hub” and proof of concept environment for broker-centric startups. It tests broker-centric products and technology solutions to ultimately bring validated solutions to the industry.
BrokerTech Ventures brings opportunity for distribution, stakeholder engagement and access to additional capital. Their BTV Accelerator fosters a culture of innovation and entrepreneurship within the broker-centric insurtech space which is supported and amplified through their BTV Media & Communications Tower.
“During the first 2020 cohort, our 12 BrokerTech Ventures Accelerator startups logged over 60 engagements with our 13 agencies and selected insurance company partners, a true testament to the visibility and industry-leading distribution model created by our BTV platform,” said Dan Keough, chairman and CEO of Holmes Murphy and co-founder of BrokerTech Ventures. “With the second cohort, I believe we can expect new solutions with bigger influence and ideas for the industry. I’m excited to see what the startups will bring to the table.”
“As an entrepreneur and a startup founder for the last 20 years, I know that if I had an insurtech startup, I would absolutely apply to the BrokerTech Ventures Accelerator. Nothing accelerates your company quite like customers,” said John Jackovi Executive Director of BrokerTech Ventures Accelerator.
BrokerTech Ventures has brought together 13 super-regional brokerage firms and has amassed more than US$ 2 billion in collective agency distribution. They have attracted 12 broker-centric startups and a pool of talented entrepreneurs, and deployed their Accelerator and Mentoring network. The company is actively building out Carrier engagement, as well as strategic partnerships within the InsurTech and Media & Communications channels.
Important Information –
Deadline for BrokerTech Ventures Accelerator submissions: November 30, 2020
Notification for selected startups: Early February 2021
Commencement of the five-week Accelerator program: March 2021
Funding Amount: More than US$ 500,000 in funding
To submit an application for the 2021 Accelerator, visit www.brokertechventures.com.
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