What are InsurTech Selection Days?

Hartford InsurTech Hub, powered by Startupbootcamp, is getting ready for the inauguration of its InsurTech acceleration program. The program begins January 8, runs for 3 months, and will provide 10 talented startups with the support, resources, and industry and investor connections they need to help grow their business. The Startupbootcamp InsurTech scouting team has spoken with, and reviewed, more than 900 startups for the accelerator. Whittling this number down to the Top 20 finalists for Selection Days has been a challenge. Selection Days are an integral event in which we choose the final 10 startups that will participate in the program.

After a meticulous selection and interview process, the Top 20 startups will be invited to attend Selection Days at Upward Hartford from November 28 until November 30.

The Selection Days have two key objectives: firstly, to ensure that the startups get a strong idea of what the InsurTech Accelerator Program in Hartford is all about. Secondly, the 3 days will give Hartford InsurTech Hub team, as well as the program partners, the opportunity to further examine the startups and significantly help in the selection of the final ten.

The first day is an internal preparation day for the startups to ensure they get the most value out of the second and third days. Startups will take part in several workshops that include everything from value proposition and pitch training to mentor management and mock rotations.

The second and third days are where the program’s mentors, investors, and partners have the opportunity to assess the startups. The mentors are made up of subject matter experts in fields such as marketing, sales, lean methodology, and investment, and industry experts from across insurance, finance, and technology. Startup rotations take up a significant part of both day 2 and 3 and consist of each team having 15-minute rotational sessions with the mentors and partners to receive product, investment, and business strategy feedback.

The advice and guidance is invaluable for the startups and helps team members grow and develop as entrepreneurs. At the end of the third day, there is a lengthy deliberation period between the corporate partners and several Hartford InsurTech Hub team members, followed by an announcement of the 10 startups that will join the program.  

The Selection Days are intense with a rigorous schedule, but there are regular breaks to relax, eat, and socialize, as well as drinks at the end of each day to ensure that the days are thoroughly enjoyable for all involved.

We are very much looking forward to seeing the startups, mentors, and partners at Upward Hartford during Selection Days.

Find out who the 2018 Ten Selected Teams are on Twitter at @HartfordInsHub and by following the hashtag #HartfordInsurTechSD

Would you like to get involved as a mentor? Contact us!