$50,000 Cash Grant Announced for Financial Technology Startup's - Apply Now

TAG FinTech, a financial industry special interest group of Technology Association of Georgia (TAG) announced at its annual symposium a new grant targeting innovative startup businesses in financial technology (Fintech).

The $50,000 cash grant applicants will be judged by a panel of industry executives and awarded to one financial technology company that completes the CapVenture program, a six week program administered by TAG that helps entrepreneurs develop business plans and address the challenges of early stage companies. The first award will be given in the fall of 2014. 

“This grant demonstrates our community’s ongoing commitment to the financial technology industry,” said Atlanta Mayor Kasim Reed. “Providing guidance and assistance to entrepreneurs with innovative ideas is invaluable to our city and a vital component to strengthening our economy.”

According to TAG research, Georgia FinTech company revenues are more than $34 billion annually, which places the state third in the nation, behind New York and California.

“Financial technology is one of Georgia’s leading industry sectors,” stated Tino Mantella, president of TAG. “The creation of this grant is just one more step in our efforts to sustain our growth in this sector”.

The CapVenture FinTech Startup Award or FinGrant program is made possible because of the collective efforts of:

·         Elavon

·         Fiserv

·         Habif, Arogeti & Wynne, LLP

·         PayScape

·         Sysnet

·         TAG and TAG FinTech

·         TSYS

·         TTV Capital

For more information about CapVenture, visit www.tagonline.org/training/capventure

The Technology Association of Georgia contributed to this article.