On 1 June 2017, Johann Strobl, CEO of Raiffeisen Bank International AG (RBI), launched RBI’s new fintech accelerator program called “Elevator Lab” during the founder and technology festival “Pioneers’17” at the Viennese Imperial Palace.
“Through the ‘Elevator Lab’ we are looking for Austrian and international fintech start-ups, especially from Central and Eastern Europe (CEE), that are already active in the market with their first products and services and are additionally backed by appropriate funding. Our goal is a long-term cooperation in order to extend our own product and services portfolio. With our years of experience we support the start-ups to further develop their ideas and innovations. As a cooperation partner and through pilot projects we offer them access to our know-how and our CEE network including 16.6 million customers”, explains Strobl the goal of the fintech accelerator.
“We are looking for fintech start-ups that provide solutions in the area of SME Banking, Big Data Analytics, RegTech, Payment & Transactions, Branch of the Future as well as Investing & Trading Tech. The shortlisted start-ups, will have four months to further develop their concepts and ideas jointly with RBI’s experts. The budget for this proof of concept phase will in total be up to € 200,000 “, adds Michael Hoellerer, plenipotentiary of RBI, who is, amongst other things, in charge of RBI Group’s digitalization strategy.
The application period is open until 31 July 2017 through the official website www.elevator-lab.com.