OnRamp Insurance Accelerator 2024

Deadline Date: April 12, 2024

 Donor Name: gener8tor

 Grant Size: $10,000 to $100,000

https://www.gener8tor.com/investment-accelerators/onramp-insurance

The OnRamp Insurance Accelerator, with Allianz Life & Securian Financial is investing in five insurtech & fintech startups that participate in a three-month, concierge accelerator program.

Each startup receives a cash investment of $100,000, office space in Minneapolis/St. Paul, Minnesota and access to gener8tor, Allianz Life & Securian Financial’s global network of mentors and investors.

$100K cash investment directly into your current round (if raising) or uncapped convertible bridge note to be converted into your next round (if not currently raising). This accelerator does not take a predetermined amount of equity upfront.

Benefits

• Investment
  • $100K cash investment directly into your current round (if raising) or uncapped convertible bridge note to be converted into your next round (if not currently raising).
• OnRamp Insurance Conference
  • The OnRamp Insurance Conference brings together the insurance industry’s leading corporations, investors and startups. The conference highlights innovations disrupting the insurance industry, the leaders making such innovations possible and how new technologies and business models will reinvent the industry.
• Co-working Space
  • Free co-working space in Minneapolis-St.Paul. This accelerator is a hybrid program with the majority of programming taking place virtually.
• Mentorship, Coaching & One-on-One Meetings
  • 12 weeks of individualized coaching and support from gener8tor, Allianz Life & Securian Financial teams in addition to introductions to serial entrepreneurs, industry experts and investors.
• $1M+ in Deals & Perks
  • As a member of the Global Accelerator Network gain access to valuable deals and perks from vendors like IBM Cloud, Rackspace, Amazon, PayPal, Zendesk and Microsoft.
• Exclusive Showcase
  • Exclusive Showcase Reception during which participating companies have the opportunity to pitch to 500+ OnRamp Insurance Conference attendees.

What they’re Looking for?

• Applications are welcome from insurtech and fintech startups who are looking to innovate within the insurance industry and seeking advice and guidance from leading organizations like Allianz Life and Securian Financial. They accept startups headquartered globally and ranging from pre-seed to series A.
  • Company Focus
    • They are looking to invest in insurtech and fintech companies that can transform the insurance industry.
  • Partnership
    • The partners at Allianz Life & Securian Financial are targeting startups for POCs, customer/vendor relationships, strategic partnerships or follow-on investment. Both organizations are highly involved throughout the program and looking forward to providing mentorship and building strong relationships with the founders.
  • Can They Help?
    • Based on the expertise in sales, marketing, go-to-market, strategy and fundraising, they select startups that are primed for growth. If you are at a point where the network, resources and expertise can scale your impact, they urge you to apply.
  • Scalable Business Model
    • They focus on startups that have the opportunity for significant and scalable economic impact. If you are generating revenue or have a clear path toward greater adoption, they urge you to apply.

Who can apply?

• Insurtech and fintech startups headquartered anywhere in the world.
• This program is hybrid, with most in-person events taking place in Minneapolis, Minnesota.

For more information, visit gener8tor.