I'm excited to announce the Innotribe Startup Challenge. For the past month or so, I have been working behind the scenes on this Global Event Series that connects innovative financial startups with the big guys in the industry.
Back at Sibos, I had a revelation:
- Incumbents and Start-ups: They need to work together.
- The current system doesn't deserve to be destroyed.
- Embrace and extend.
I had a vision of connecting daring, risk taking, disruptive startups (and divisions inside larger companies that act like startups) with traditional big companies and incumbents in the industry. Startups are often looking to disrupt the existing paradigm (well at least those from my Silicon Valley background) and surprisingly enough, from what I've learned in the Banking industry, banks want innovation. They are searching for it. Yearning for it. Everyone knows the industry is changing, but how exactly? That's up to everyone in the industry.
The Startup Challenge is a way to connect innovative financial product/service developers with the people in big companies who want to support it, encourage it, potentially invest in it. Startups are invited to apply, with semi-finalists selected to pitch at the NYC Feb 8, 2012 event. You can read more about the details of the challenge.
The Startup Challenge is the first event I am producing with Innotribe, and I'm bringing my usual heathervescent energy, style, fun with substance and value. It's also my first New York event, and I'm determined to bridge my California culture with New York's. (Hence my deep dive into New York.)
What can you expect on Feb 8? 15 pitches by interesting companies to a room full of "the right people." Conversations and connections with decision makers who can be your startups lucky break. A positive wildcard that may be the defining moment (in retrospect) for your company to thrive, while you create (or in some cases) re-create our financial paradigm.
I hope you will spread the word about the Startup Challenge.