By Fred Wilson, avc.com
NYC’s Partnership runs some outstanding accelerator programs.
There is the flagship Fintech Accelerator which is celebrating its 10th anniversary this year. In this program, founders are connected to the CIOs of the top banks, brokerages, and insurance companies in NYC as they work on their products and pitches. Over the past decade, 69 graduates of the Fintech Accelerator have raised over $1bn. I have written about this program frequently. It is an example of something that you could not do anywhere other than NYC.
And then there is the newest one, the Transit Tech Accelerator, where founders who are building transit companies are connected to the leading transit systems in the NY Metro area while they work on their products and pitches. The MTA is piloting four technologies they found in last year’s program and there are six more transit systems involved this year.