FRANKFURT, Germany, Feb. 20, 2018 /PRNewswire/ -- Plug and Play, the largest global innovation platform, partners with TechQuartier, the one-stop startup hub in the heart of Frankfurt to run its accelerator program focused on financial technology.
This new alliance will offer entrepreneurs valuable resources such as networking opportunities, workshops and investor networking. TechQuartier plans on furthering their mission through this new collaboration that will provide tools and resources to strengthen startups worldwide. The partnership provides potential for creating synergies between the Plug and Play startups and the TechQuartier ecosystem.
''This multi-year partnership is an important milestone for us at TechQuartier. Based in Silicon Valley, Plug and Play boasts a broad global portfolio in multiple verticals, with an important focus in the financial sector. By combining network and expertise in the world-leading fintech hub that is Frankfurt, our relationship will effectively create the largest multi-corporate innovation platform in Europe. With a shared belief in disruptive technologies and collaboration, we aim to build on this momentum to inspire numerous more banks, financial service providers and startups to join our program and accelerate game-changing innovation for the financial industry," said Sebastian Schäfer, CEO at TechQuartier.
"What we are looking to build out in Frankfurt is something game-changing as we continuously seek to grow our value offerings to our corporate and startup network. Through Frankfurt we will be able to create a centralized accelerator hub for our innovation activities in the FinTech space across Europe," said Omeed Mehrinfar, Regional Director, EMEA at Plug and Play. "This will also enable our European clients and startups to scale their activities with us in other regions as well."
"Our goal at Plug and Play is to have 10-15 additional banks and financial service providers partner with us in Frankfurt. These new partners will help guide our sourcing process for new technologies that they can pilot with and integrate into their businesses," said Amir Karimpour, Director of Plug and Play Germany.
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. 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 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit www.pnptc.com.
TechQuartier (TQ) is the central platform for the start-up community in the Frankfurt Metropolitan Region. Since December 2016, TQ has been offering over 3,200 square meters of flexible working space for start-ups, scale-ups as well as for innovation and digital teams of established companies. With numerous events, tailor-made offers for talents, start-ups and established companies, TQ offers an ideal environment for the development of new technologies, services and business models. TechQuartier enriches the vibrant start-up ecosystem in Frankfurt Rhine Main with its unique community of more than 80 startups and 30 corporate partners and academic institutions, including Aareal Bank, Allen & Overy, Atos/equenswordline, Commerzbank, Deutsche Bank, Deutsche Börse, DZ BANK Group, EY, Goethe-University, Helaba, ING-DiBa, KPMG, PwC, Sparda-Bank, Hesse, TU Darmstadt and WIBank. The TechQuartier has also been designated by the Federal Ministry for Economic Affairs and Energy as one of Germany's "FinTech-Hub". For more information, please visit www.techquartier.com
SOURCE Plug and Play