Bancolombia signed a Partnership with Plug and Play Fintech and are creating a presence in Silicon Valley

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Feb 02, 2018, 11:40 ET

SUNNYVALE, Calif., Feb. 2, 2018 /PRNewswire/ -- Bancolombia became the first Colombian company to sign a partnership with Plug and Play, an innovation ecosystem located in Silicon Valley that connects startups and corporations in specific industries. In this way, the organization seeks to expand its network to one of the most dynamic innovation ecosystems in the world and open its doors to entrepreneurs, accelerators and venture capital funds.

According to Gabriel Di Lelle, Innovation and Digital Transformation Vice President of Bancolombia, joining Plug and Play is an opportunity to continue supporting entrepreneurs, develop partnerships and seek innovative solutions that facilitate the lives of their customers.

"Today we open the doors to be on the radar of entrepreneurs, incubators, accelerators and capital funds that look to emerging markets, because they see in Latin America and Colombia a real opportunity for growth for their business models," says the Vice President. According to him, "Plug and Play is one of the most recognized accelerators in Silicon Valley, and since 2006, it has driven thousands of companies to accelerate their growth with a total investment of close to 6 billion dollars."

"We are proud to announce Bancolombia as a partner and as one of our key members for our global entrepreneurship network. This provides our startups the opportunity to expand their presence in Colombia and Latin America," said Scott Robinson, VP and Founder of Plug and Play Fintech.

Plug and Play Fintech will run two batches in 2018 with each batch consisting of approximately 25 startups. To learn more about Plug and Play Fintech, please visit pnptc.com/fintech or contact Ashlene Ramadan at [email protected]

About Plug and Play
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 28 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 220 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit www.plugandplaytechcenter.com

About Grupo Bancolombia
Grupo Bancolombia is an organization with presence in Colombia and Central America, 23 years in the New York Stock Exchange and offers a broad portfolio of financial products and services to more than 10 million active clients. It provides commercial and consumer banking services, stock brokerage, investment banking, financial leasing, factoring, fiduciary services, asset management and private banking, among others.

Ashlene Ramadan
Plug and Play, FinTech
Plug and Play, Security
Cell: 818-699-7595

SOURCE Plug and Play