Technology Association of Georgia
FOR IMMEDIATE RELEASE
TAG FinTech Announces Second Annual Innovation Award and $50,000 Grant for Georgia FinTech Startups
-Interested FinTech companies can now apply online-
ATLANTA (November 24, 2015) – TAG FinTech, a financial industry special interest group of Technology Association of Georgia (TAG) announced that applications are now being accepted for its Second Annual FinTech Innovation Award, including a cash grant of $50,000 available to the winner.
Accepted applicants will participate in the Innovation Award Education and Mentoring program, which will take place on Thursday nights in January 2016 at WorldPay US’ headquarters at Atlantic Station. The program will conclude with a “pitch night,” which will be held on January 28th. A panel of judges, made up of award sponsors, will select finalists to present their innovation at the TAG FinTech Symposium on February 4, 2016. The Symposium attracts hundreds of FinTech industry leaders from Georgia and across the country. A winner will be announced at the conclusion of the Symposium.
"TAG has always recognized and promoted Georgia’s strong FinTech industry," said TAG President/CEO Tino Mantella. "We are pleased to continue helping in its growth and success with this grant."
To qualify for the grant, participating startups must Successfully meet all grant requirements. Companies can apply for the grant at https://tagonline.wufoo.com/forms/rqzo43j05ip23z/ until December 8, 2015.
The award winner will also be accepted, free of charge, into the ATDC Accelerate program at the Advanced Technology Development Center at Georgia Tech.
“FinTech is an important segment in Georgia’s technology and payments industries and a source of quality, high-skill jobs,” said Michelangelo Ho, the FinTech catalyst at the ATDC. "That continued growth is important to us, which is why ATDC partnered with Worldpay to create a FinTech accelerator this year. We’re proud to partner with TAG in the FinTech Innovation Award initiative as we identify, mentor, and support the up-and-coming FinTech innovators.”
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.
"I am excited that we are able to provide seed capital to continue to further innovate around fintech in Atlanta," said Sean Banks, TAG FinTech chairman and partner at TTV Capital. "It is a testament to the health of our ecosystem.”
About TAG FinTech
TAG FinTech's mission is to build recognition of Georgia as the hub of choice for the world's leading financial technology providers with the goal of accelerating the accumulation of capital by its members.
We continue to foster a business environment conducive to the ongoing success of the community's companies, employees, service providers, educational institutions, entrepreneurs and investors, helping them create, build, and maintain innovative financial services that meet their customers' growing needs.
TAG FinTech empowers a collaborative culture that attracts and retains innovation, jobs, partnerships, and capital, and where successful entrepreneurs can reinvest in the local ecosystem to help sustain the space. For more information, please visit www.tagonline.org/chapters-and-societies/fintech/.
About the Advanced Technology Development Center (ATDC)
The Advanced Technology Development Center (ATDC) is one of the longest-running and largest startup incubators in the country. ATDC, which is celebrating its 35th anniversary this year, has graduated nearly 170 companies from its Signature program. Powered by Georgia Tech, ATDC is a unit of the Enterprise Innovation Institute, Tech’s chief economic development arm for the state of Georgia. For additional information, visit www.atdc.org.
About The Technology Association of Georgia (TAG)
TAG is the leading technology industry association in the state, serving more than 30,000 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 34 professional societies. For more information visit the TAG website at http://www.tagonline.org/.