‘Disrupt ourselves’ – Ohio banking, insurance giants back financial technology accelerator to award money to startups

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Banking and insurance corporations from Ohio’s three biggest cities are backing a startup accelerator for financial services technology with a $100,000 stipend for each of 12 companies selected – five times the initial backing from Central Ohio accelerator programs to date.

Fintech71, a nonprofit named for the interstate connecting Columbus, Cleveland and Cincinnati, starts accepting applications May 15 for curriculum starting in September. The program says it could help sponsor skilled-worker visas for outstanding startups relocating to Ohio from abroad.

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Originally published May 2, 2017.