Details

Industries

Angel Investment,Financial Services,Insurance

Founded date

Dec 1, 2014

Number Of Employee

1 - 10

Operating Status

Active

Investor Type

Accelerate

The Global Insurance Accelerator is a mentor-driven accelerator designed to foster innovation in the insurance industry through startups targeting the global insurance markets.

With support and funding from seven Central Iowa insurance companies, the accelerator welcomed a class of 6 companies in February 2015. The startups were given access to over 80 mentors through a speed-dating-like process that resulted in the startups selecting 3-8 Lead Mentors to help them during their time in Des Moines and beyond.

Each startup received $40K of seed money in exchange for 6% equity in their company. The program wraps up after 100 days by giving each startup exposure and promotion at the Global Insurance Symposium. The 2015 class included Iowa companies from Des Moines and Ames and outside Iowa from Omaha, San Jose, Rio de Janeiro (Brazil) and Berlin (Germany).