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June 07, 2023 | Tom Ballard

Applications now open for new FinTech accelerator and mentor network

Operated by the Nashville Entrepreneur Center, the first cohort of the new nine-month program will focus on BankTech companies developing products for community banks and the people they serve. 

The Nashville Entrepreneur Center (NEC) is now accepting applications for the inaugural cohort of Project FinTech, an industry network and accelerator program that seeks to rally the FinTech industry around early-stage entrepreneurs to help those founders achieve success.

“Entrepreneurs are problem solvers and at the NEC, our mission is to connect them with critical resources to help their businesses grow,” said Jane Allen, Chief Executive Officer of the state’s oldest entrepreneur center. “We provide that central place to gather and share practices, experiences, skills, and connections. Every entrepreneur needs help and this program will bring our collective statewide industry network together.”

As previously announced, the nine-month hybrid program will be operated in collaboration with Lee Farabaugh and Joe Maxwell who are serving as Project FinTech Entrepreneurs-in-Residence. Maxwell is a 30-year veteran of the FinTech industry and Managing Partner of Fintop Capital, while Farabaugh is Co-Founder and President of Core10, a leading North American-based provider of banking and lending products and services.

Early-stage technology companies building products to improve, automate, or scale financial services and those with at least one full-time founder and less than $1 million in annual recurring revenue are encouraged to apply for the program. The first cohort, launching August 2, will have an emphasis on regional founders and BankTech companies developing products for community banks and the people they serve.

A selection committee will evaluate applications on a rolling basis over the coming weeks. Founders can apply here and also attend a virtual information session at 12 noon CDT on June 12 by registering here. In addition, specific questions can be directed to Maryn Cannon, NEC’s Program Manager.

The accelerator is supported by Launch Tennessee, founding partner First Horizon Bank, and JAM FINTOP Capital.

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