Startups in Data, Digital journey or FinTech - BMW Financial Services want to hear from you!
by Startacus Admin
BMW Group Financial Services, a retail and commercial finance provider are currently on the hunt for early-stage startup companies to partner up with for their new UK based Innovation Lab. As Startacus is always keen to highlight fab Corporate and start-up collaboration opportunities, check out all the details below…
Designed specifically to discover new technologies, BMW Group Financial Services new BMW Innovation Lab will aim to help deliver new and improved services to its customers - the company’s initiative is the first of its kind in the automotive financial services sector.
Developed and run in partnership with our friends L Marks, a corporate innovation specialist and investment fund, the Innovation Lab has been developed to attract young data, digital journey or fintech startup companies with disruptive technologies that can be used to accelerate the development of new financial services products and bring them to market faster.
You can head straight to the BMW Innovation Lab application page here and take a couple minutes out to watch over this BMW Innovation Lab explainer video handily embedded below.
BMW Innovation Lab
A more detailed look at BMW Innovation Lab
The team are looking for applications from innovative early stage and growth companies within the following areas:
Digitising the Customer Journey
Our lives are becoming increasingly influenced by digital processes. They are looking for solutions that introduce more streamlined, intuitive online journeys with the potential to capture more of the finance supported car buying market.
Data Driven Decisions
Data is key when making decisions about a product or purchase. They are looking for solutions that improve transparency and visualisation of data, accelerating decision making for both supplier and customers.
Access to Cars
BMW Group Financial Services is interested in exploring new business of partnerships that can transform how it utilises existing vehicle fleets to enhance ownership, usage propositions and customer retention activities.
Used Cars
BMW Group Financial Services want to explore how new technologies can open up their products to the wider used car market, attracting younger customers and adding to their bottom line.
FinTech Wildcard
The way people engage with their automotive finance and insurance providers is changing. BMW Group Financial Services want to hear from the technologists and entrepreneurs who are leading this transformation.
With five selected companies taking part in the 10 week journey, successfully shortlisted startups taking part in the BMW Innovation Lab will be amongst the first to have access to the following opportunities as a result of the company’s initiative including:
- Financial product validation and testing opportunities with UK experts and customers
- Mentorship from the UK leadership team
- Access to investors at L Marks
- Access to network of industry experts
- Free office space located at the company’s head office in Farnborough, Hampshire
- A first class education programme based on the Disciplined Entrepreneurship method from the Massachusetts Institute of Technology
In addition, access to fundraising support from the L Marks investment team will be made available as well as the opportunity to pitch for investment from this fund at any point during the programme. Note - BMW Group Financial Services in the UK will not take a minimum equity stake for participation.
With applications open until midnight 31st July 2016 and with the programme running from 3rd October until 23rd December 2016 we encourage you to take a look at all the details, FAQ and criteria over at bmwinnovationlab.co.uk asap and of course apply.
Good luck to all that apply and to the five startup companies who are selected to attend the programme.
This feature was created with support from the team at L Marks innovation partners.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Research shows that the majority of staff prefer benefits to high monetary compensation. Here are some ideas on how to increase talent retention...
Innovative project launched by UK Proptech startup to reduce workers' commuting and in turn help alleviate pollution and congestion
Startup funding is never easy, however here are a few of the options that can help you fund your startup without going broke in the process
The future and success of Britain’s high streets has been long debated. So, what are the tech trends that could help impact the Highstreet in 2020?
Innovative startups are currently being sought by BMW Group Financial Services UK which has just launched the third instalment of its Innovation Lab
Starting a business can be a lot of hard work, so here's a few ways to avoid burnout and find a healthy work life balance.
The child health app on a mission to become the first nationwide digital redbook, just got a step closer to making their mission a reality...
The Cambridge-based startup that has created an empowering tool to drive the next wave of biological innovation
The fintech startup that's making it a doddle for the self-employed, freelancers and contractors to organise their pensions
At one-day event Ideation NI Thon, students will get the chance to solve global and local sustainability, environmental, city and health problems.
Published on: 14th July 2016
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Ideation NI Thon at NI Science Festival sets out to solve global issues 17th Jan 2020 At one-day event Ideation NI Thon, students will get the chance to solve global and local sustainability, environmental, city and health problems.
- NI startup ESTHER takes flight to New York 16th Jan 2020 NI startup ESTHER, a peer-2-peer giving platform allowing charitable donors to give money directly to people living in poverty, head to New York for a 4-day fact finding mission.
- 2019 stats show that the gender pay gap continues 14th Jan 2020 Recent research by Starling bank shows that in 2019, women earned up to £12,319 less per year than their male colleagues of the same age and within the same industry
- Digital DNA Awards 2020 nominations now open 13th Jan 2020 The Digital DNA Awards, held in partnership with MCS Group, celebrate the best tech talent, from companies of all sizes, excelling in the world of Digital and Tech and not just in NI...
