Fintech is transforming the way we view financial services, including insurance, wealth management, lending, payments and secure transactions. Home to leading financial services and insurance companies with more than $1.5 trillion in assets under management, all of which are looking to better manage their business for greater return, efficiency and safety, Connecticut is emerging as a great place to be when it comes to securing resources for your early-stage Fintech company.
Digital Health promises to play a considerable role in transforming health care—an industry that is rapidly “going digital” and is therefore ripe for disruption. Connecticut is home to prominent research universities, world-class biomedical research institutions, first-tier health care providers, data-rich health insurers and leading pharmaceutical and medical device companies. Attracting the next generation of digital health innovators is of critical importance.
A growing number of entrepreneurs are creating breakthrough technologies to create a better, more user-friendly experience for people who buy insurance (so, all of us). Where better to grow an Insurtech startup than Connecticut, the Insurance Capital of the World? Connecticut has more insurance jobs than any other state, ranks number one in written life insurance premiums, and number two for all direct written premiums. We’ve got the investors, top industry executives, and experienced mentors who can help you take your Insurtech company wherever you want it to go.
The Internet of Things
The Internet of Things is changing the way we manage our homes, our health and even our factories. Today, we have myriad devices, or “things” that are connected to the internet via embedded electronics, software, sensors and the like. Indeed, Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from 2015, and will reach 20.8 billion by 2020. With its strong network of services for startups, Connecticut is the ideal place to incubate an IoT innovation.
VentureClash is a global $5 million pitch competition that culminates with a gathering of the most promising early-stage companies in Digital Health, Fintech, Insurtech and IoT innovations. These exciting companies will be joined by experts, investors, entrepreneurs, customers and educators. Finalists will pitch to a panel of judges live—be sure to experience the suspense firsthand!