News & Press

$50,000 Grant Announced for FinTech Startup’s

 

ATLANTA (November 15, 2013) – TAG FinTech, a financial industry special interest group of Technology Association of Georgia (TAG) announced at its annual symposium a new grant targeting innovative startup businesses in financial technology (Fintech).

The $50,000 cash grant applicants will be judged by a panel of industry executives and awarded to one financial technology company that completes the CapVenture program, a six week program administered by TAG that helps entrepreneurs develop business plans and address the challenges of early stage companies. The first award will be given in the fall of 2014.

The CapVenture FinTech Startup Award or FinGrant program is made possible because of the collective efforts of:

·         Elavon

·         Fiserv

·         Habif, Arogeti & Wynne, LLP

·         PayScape

·         Sysnet

·         TAG and TAG FinTech

·         TSYS

·         TTV Capital

 

“This grant demonstrates our community’s ongoing commitment to the financial technology industry,” said Atlanta Mayor Kasim Reed. “Providing guidance and assistance to entrepreneurs with innovative ideas is invaluable to our city and a vital component to strengthening our economy.”

 

According to TAG research, Georgia FinTech company revenues are more than $34 billion annually, which places the state third in the nation, behind New York and California.

 

“Financial technology is one of Georgia’s leading industry sectors,” stated Tino Mantella, president of TAG. “The creation of this grant is just one more step in our efforts to sustain our growth in this sector”.

 

Sean Banks, TAG FinTech chairman and partner at TTV Capital said, “I want to thank our inaugural sponsor companies for investing in FinGrant and demonstrating that a strong technology community nurtures innovation.”

For more information about CapVenture, visit www.tagonline.org/training/capventure

 

About The Technology Association of Georgia (TAG)

TAG is the leading technology industry association in the state, serving more than 27,000 members through regional chapters in Metro Atlanta, Athens, Augusta, Columbus, Macon/Middle Georgia and Savannah.  TAG’s mission is to educate, promote, and unite Georgia’s technology community to foster an innovative and connected marketplace that stimulates and enhances a tech-based economy. The association provides networking and educational programs; celebrates Georgia’s technology leaders and companies; and advocates for legislative action that enhances the state’s economic climate for technology.

 

TAG hosts over 200 events each year and serves as an umbrella organization for 33 professional societies. Additionally, the TAG Education Collaborative (TAG’s charitable arm) focuses on helping science, technology, engineering and math (STEM) education initiatives thrive.

 

For more information visit the TAG website at www.tagonline.org or TAG’s community website at www.TAGthink.com.

 

To learn about the TAG-Ed Collaborative visit http://www.tagedonline.org/.

 

 

About TAG FinTech

TAG FinTech was founded in 2010 to address the specific needs of companies, individuals and investors serving the financial industry both domestically and abroad. Financial technology or FinTech encompasses products, solutions, services and information providers, which drive decisions, process payments and facilitate transactions for financial institutions. Georgia FinTech company revenues are more than $34 billion annually, which places the state third in the nation behind New York and California. Together, the banking, insurance and capital markets consistently spend more on technology than any other industry. For more information about FinTech, see http://www.tagonline.org/TAG-FinTech.php

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