# CAPITAL ONE UNVEILS TECH START-UP ACCELERATOR
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2016-05-19
Category: BUSINESS
Category URL: https://financedigest.com/category/business
Meta Title: Capital One Growth Labs Programme: Shape the Future of
Meta Description: Join Capital One Growth Labs to accelerate your financial technology start-up with unrivalled support and partnership opportunities.
URL: https://financedigest.com/capital-one-unveils-tech-start-up-acceleratorhtml

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_Entries invited to Capital One Growth Labs programme to shape the future of finance_

[Capital One](http://www.capitalone.co.uk/web/index.jsf) UK today announces the launch of Capital One Growth Labs, an accelerator programme for early-stage start-up and high-growth companies.

The initiative, in partnership with corporate innovation specialist and tech investor L Marks, aims to discover innovative new businesses and give them cutting-edge support to develop technologies for the financial sector.

Working out of Capital One’s Nottingham headquarters, selected start-ups can rapidly accelerate product development inside the walls of a digital leader.

**Chris Owen, programme leader, said:**“One of the key aims of the programme is to discover and partner with some of the most promising new [technology start-ups and unlock the truly leading-edge and innovative](https://www.financedigest.com/cloud-professional-services-market-to-be-driven-by-technological-innovation-tmr.html "Cloud Professional Services Market to be Driven by Technological Innovation | TMR") ideas of tomorrow. Having early access to start-ups, and the products they build, will [enable Capital One to continue expanding its technological](https://www.financedigest.com/ethical-financial-selling-the-role-of-compliance-technology-and-sales-enablement.html "Ethical Financial Selling: The Role of Compliance Technology and Sales Enablement ") capabilities, as well as maintain a strong view on the customer needs of tomorrow while at the same time turbo-boosting those businesses by giving them unrivalled support.”

Applications are being invited to the programme in any of six categories:

- Unstructured [data insight](https://www.financedigest.com/marine-big-data-market-to-expand-at-cagr-of-21-5-during-forecast-period-tmr-insights.html "Marine Big Data Market to Expand at CAGR of 21.5% During Forecast Period – TMR Insights")
- Security and fraud prevention
- Money management tools
- Enabling healthy financial habits
- Agent technologies
- Open category

The ‘Open’ category is available to any start-up with a potential offering to Capital One and could include; [payment solutions](https://www.financedigest.com/the-collective-power-of-partnerships-integrating-payment-solutions-to-drive-business-success.html "The collective power of partnerships: integrating payment solutions to drive business success"), tracking, new lines of business or the physical/digital bridge.

Around 25 [applicant companies](https://www.financedigest.com/immunology-drug-market-growth-by-top-companies-trends-by-types-and-application-forecast-analysis-to-2030.html "Immunology Drug Market Growth by Top Companies, Trends by Types and Application, Forecast Analysis to 2030") will be selected to attend a pitch day on July 6, from which up to six will be accepted.

During the ten-week programme, successful businesses will have direct access to Capital One in [order to refine and test their products as well as receiving close mentor support from the company’s extensive panel of experts as well as those from the wider tech industry](https://www.financedigest.com/german-industrial-orders-drop-in-sept-on-foreign-demand-slump.html "German industrial orders drop in Sept on foreign demand slump").

The programme will conclude with a final presentation to a panel comprising [business experts and investors](https://www.financedigest.com/thoracic-drainage-devices-market-rising-new-business-opportunities-for-investors.html "Thoracic Drainage Devices Market Rising New Business Opportunities for Investors").

**Stuart Marks, Chairman at LMarks, said:** “There are a number of FinTech initiatives being established around the UK, but none are aiming to [deliver such meaningful engagement with a potential](https://www.financedigest.com/delivering-on-the-potential-of-open-finance.html "Delivering on the potential of open finance") partner and customer. It’s very difficult for start-ups working in or with the financial [services industry](https://www.financedigest.com/why-sustainability-presents-one-of-the-greatest-opportunities-for-the-financial-services-industry.html "Why sustainability presents one of the greatest opportunities for the Financial Services industry") to navigate its complex regulatory environment. Capital One [Growth Labs will give teams dedicated business](https://www.financedigest.com/electric-vehicle-transmission-market-emerging-growth-analysis-future-demand-and-business-opportunities-2027.html "Electric Vehicle Transmission Market Emerging Growth Analysis, Future Demand and Business Opportunities 2027") support focussed on education, strategy and partnership – all essential to becoming successful in this field. We are excited to be partnering with Capital One and introducing our proven labs model into this dynamic sector.” **Application details – Key dates**

- **June 12, 2016 – application deadline** Technology start-ups interested in participating in Growth Lab can apply online before June 12 2016, by completing the application form at capitalonegrowthlabs.co.uk
- **July 6, 2016 – pitch day** Following the initial application process, a shortlist of up to 25 start-up companies will be invited to a pitch day on July 6, 2016. Applicants will meet with a number of [Capital One’s senior team to pitch their business proposition in order to secure](https://www.financedigest.com/rohingya-refugees-in-indias-capital-to-be-given-flats-security.html "Rohingya refugees in India’s capital to be given flats, security") a place on the programme. A final shortlist of start-ups will then be selected to participate in Growth Lab.
- **August 1, 2016 – Capital One Growth Labs presentation day** On August 1, 2016, participants will showcase their achievements and be offered the opportunity to bid for investment capital to support their business ideas.

**Chris Newkirk, Capital One UK’s CEO, said:** “Capital One UK was founded on the belief that technology, [data and great talent could revolutionise consumer finance](https://www.financedigest.com/how-finance-firms-can-unify-two-data-approaches-to-improve-both-compliance-and-security.html "How finance firms can unify two data approaches to improve both compliance and security"). Two decades later, those convictions [continue to fuel](https://www.financedigest.com/british-army-to-start-driving-tankers-as-queues-for-fuel-continue.html "British army to start driving tankers as queues for fuel continue") our success.  The pace of [innovation has never been faster and the power of technology](https://www.financedigest.com/innovation-based-stability-to-keep-the-ozone-technology-market-going.html "Innovation-Based Stability To Keep The Ozone Technology Market Going") to help customers succeed financially has never been greater. We look forward to discovering the wealth of innovation and joining with them to push the boundaries of what’s possible.”


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