Suddenly Every Company Is Becoming A Venture Capitalist. According to data provided by the National Venture Capital Association, more than 20 percent of VC dollars in the third quarter came from corporate venture capital. That accounted for over $2.3 billion in corporate venture capital investments for the period.
How 5 Big Brands Are Partnering with Startups to Innovate IBM’s 2014 Business Tech Trends study of 1,447 companies revealed that “pacesetters” – organizations that set the pace for growth and innovation – partnered more creatively with outside individuals or companies, recruiting less-traditional partners for their efforts. This presents a great opportunity for growth, development, and recognition for startups.
MasterCard Announces Start Path Global Program MasterCard announced it’s inaugural global Start Path class that includes 7 startups that were selected from nearly 200 applicants. MasterCard began their Start Path program in 2014 but wanted to stretch it farther globally.
Santander just signed a deal with a startup building the ‘Facebook of anything financial’ Meniga, an Icelandic startup that makes personal finance apps, on Tuesday announced a deal to provide its money management software to Santander’s customers around the world.
The FCA (Financial Conduct Authority) in the UK have even stepped into the breech with their Project Innovate which has the following stated intention: “Through our Innovation Hub we want new and established businesses – both regulated and non-regulated – to be able to introduce innovative financial products and services to the market”.