The UK's Investment Association is offering ten fintech firms free co-working space at a newly-established Fintech Hub, set to open in Birmingham next year.
The new facility is a collaboration between the Investment Association’s Fintech hub and accelerator, Velocity, and IA member, Wesleyan, a specialist financial services mutual.
The IA is inviting fintech startups from across the UK to join the Hub - which will offer over thirty workstations, an auditorium, and meeting spaces - and pledging free co-working space for a year to ten of the most innovative applicants.
The winning applicants will be chosen by a selection panel of industry experts overseen by Graham Kellen, chief digital officer of Schroders and chair of the Velocity Advisory Panel.
Chris Cummings, chief executive of the Investment Association, says: “The investment management industry is looking for cutting-edge fintech firms, who will help drive innovation and ensure that the UK remains world-leading.
“Velocity Birmingham is set to provide a critical hub for fintechs operating in and around the West Midlands and builds on the success of Velocity London, which launched a year ago this month. Successful firms will be able to benefit from the brand new co-working space, industry expertise and an insightful range of events, giving them the opportunity to develop and showcase their exciting technology.”