TAG FinTech, a financial industry special interest group of Technology Association of Georgia (TAG) announced that the 2014 cash grant of $50,000 is available for qualified startup businesses in the financial technology (Fintech)industry.
To qualify for the grant participating startups must:
- Complete the 6-week CapVenture program administered by TAG that helps entrepreneurs develop business plans and address the challenges of early stage companies. The CapVenture program, which starts Sept. 29, 2014 in Atlanta.
- Successfully meet all grant requirements.
- Companies can apply for the grant from Aug. 5 until Sept.8, 2014.
The grant winner will also be eligible for a $50,000 loan from Invest Atlanta, providing a potential of $100,000 of non-diluting seed capital to the successful applicant.
“It is a testament to our business environment, sponsors and the Mayor’s office that we are able to demonstrate the important of innovation and the financial technology industry to Georgia, said Sean Banks,TAG FinTech chairman and partner at TTV Capital. “The cash grant will go a long way in helping seed a young company and grow jobs. The additional borrowing opportunity provided by Invest Atlanta will further advance that young company’s momentum without diluting its founding team’s ownership, which is a real win-win for the entrepreneur.”
“Investments like this demonstrate that Atlanta’s doors are open to entrepreneurs,” said Mayor Kasim Reed. “We are willing to leverage our resources and local talent to establish our City as the hub for technology innovation in the South.”
About Invest Atlanta
Invest Atlanta is the official economic development authority for the City of Atlanta. Its purpose is to strengthen Atlanta’s economy and global competitiveness in order to create increased opportunity and prosperity for the people of Atlanta.
About TAG FinTech
TAG FinTech’s mission is to build recognition of Georgia as the hub of choice for the world’s leading financial technology providers (a counterpart to Silicon Valley for technology or Hartford for insurance) with the goal of accelerating the accumulation of capital by its members.
About The Technology Association of Georgia (TAG)
The Technology Association of Georgia (TAG) is the leading technology industry association in the state, serving more than 26,500 members and hosting over 200 events each year. TAG serves as an umbrella organization for 34 industry societies, each of which provides rich content for TAG constituents.
The CapVenture FinTech Startup Award is made possible by the collective efforts of Elavon, Fiserv, Habif, Arogeti & Wynne, LLP, Invest Atlanta, PayScape, Sysnet Global Solutions, TAG and TAG FinTech, TSYS and TTV Capital.