Barclays launches ‘venture builder’ for tech startups

By Olivia Minnock
Barclays has launched its second ‘venture builder’ to create investable, early-stage deep tech startups, which begins today (Wednesday). The initi...

Barclays has launched its second ‘venture builder’ to create investable, early-stage deep tech startups, which begins today (Wednesday).  

The initiative, called Conception X, has been set up in partnership with University College London (UCL) and consists of 27 teams. The groups will benefit from mentoring from entrepreneurs and academics over a nine month period as they explore deep tech across verticals including finance.

SEE ALSO:

Conception X is the responsibility of a new entity called Barclays UK (BUK) ventures which was started last year and aims to develop new customer experiences.

The program was initially piloted last year with just 14 teams, and its success prompted Barclays to invest £1.2mn for this year’s project.

Steven Roberts, Managing Director, Barclays UK Ventures, said: “Deep tech has the potential to transform communities, business and society, but only if talented individuals are given the opportunity to explore the art of the possible.

“We strongly believe everyone should have that chance, which is why we are partnering with UCL to launch Conception X. This will create the perfect space for the best and brightest students to experiment in fields that will shape our future.”

Share

Featured Articles

FinTech LIVE New York: Fraud & ID Verification Panel

Returning June 2024, FinTech LIVE New York will be the ultimate event to connect the world’s influential fintech leaders in North America

Jason Maude, Starling Bank, Joins FinTech LIVE London

Jason Maude, Chief Technology Advocate at Starling Bank, to speak at FinTech LIVE London – 22 and 23 October 2024

FinTech LIVE New York – Reasons to Attend

Returning June 2024, FinTech LIVE New York will be the ultimate event to connect the world’s influential fintech leaders in North America

FinTech LIVE New York – One Month to Go!

Digital Payments

The Global FinTech Awards: The Categories – Part 3

Financial Services (FinServ)

SUBMISSIONS EXTENSION: The Global FinTech Awards 2024

Tech & AI