BrokerTech Ventures (BTV), the industry’s first broker-led convening platform and accelerator program, has opened applications for its 2023 BrokerTech Ventures Accelerator program.
Since its inception, BTV has grown to include 15 of the nation’s leading super-regional brokerage firms, 14 highly respected insurance carriers and wholesalers, and 48 insurtech startups from around the world, including startups including those in the US, Israeli, and Latin American accelerator programs. The company aims to spur innovation in the insurance sector by giving early-stage insurtech companies the support to develop tech solutions for the industry.
“As we look at launching our fourth year in the accelerator space, I continue to be amazed with the depth and level of expertise, products and solutions being brought forward by startups for the betterment of the insurance landscape and our clients,” said Dan Keough, chairman and CEO of Holmes Murphy and co-founder of BrokerTech Ventures. “This coming year, I believe we can expect new insurtech solutions with greater influence and even more diversity of thought for the industry. I’m excited to see what the startups will bring to the table.”
The purpose of the BTV Accelerator is to act as an “innovation hub” and proof-of-concept environment for broker-centric products and technology, ultimately bringing successful products to the industry. The ideal candidates for the program are early-stage insurtech startups, BTV said.
“There isn’t anything that can accelerate a startup more than distribution, and that is exactly what the BrokerTech Ventures Accelerator does,” said John Jackovin, executive director of the BrokerTech Ventures Accelerator. “Our broker, carrier, and wholesaler partners are hungry for the latest technologies and products that will help them identify risks sooner, provide better service, and drive down costs. As a result, our startups achieve the acceleration they need to grow and thrive.”
The deadline for application submissions is Dec. 15. The initial review will take place in January, and the top 20 startups chosen will take place in the Selection Series in March. The Selection Series will be a virtual event where BTV partners can learn more about the products, companies and teams. The cohort will begin the five-week accelerator program in April. More than $500,000 in funding is on offer for selected startups, with each receiving up to $50,000.
To submit an application for the 2023 program, visit the BrokerTech Ventures website.
