Press Coverage : Zone startups India to manage Barclays RISE Accelerator programme

After the announcement of the Zone Startups India and Barclays partnership for the ‘Rise’ program, we were extensively covered in the media for being the program partner to manage the accelerator in Mumbai.
Here is the press release stating the outline of the partnership and the program..

Zone Startups, the accelerator brand of Toronto-based Ryerson Futures Inc, on Thursday said that Barclays has announced Zone it as the programme partner for managing the RISE accelerator programme at RISE Mumbai.
Over the past two years, Zone Startups India has built a portfolio of 78 startups, of which close to 30 startups have gone on to raise funding former angels and venture capital funds.

Under this agreement, Zone Startups will manage and operate the RISE Accelerator programme.
Recruitment process for the RISE Accelerator will commence in early July, and the first cohort will start in early September. The programme is expected to be four-months long and will conclude with a grand demo day in January 2017

“The partnership with Barclays reflects the growing success of our acceleration program,” said Matt Saunders, president, Ryerson Futures. “As corporations look to become more innovative and entrepreneurial, our acceleration model gives them an effective way to connect with the startup ecosystem. Globally, we have been working with the corporate partners such as GE, IBM, and Deloitte. This is a great opportunity for us to work with an international bank.”

Ajay Ramasubramaniam, director, Ryerson Futures India and Zone Startups, says, “The past year has seen a lot of action in the fintech space, and at Zone Startups, we have closely followed the developments in areas like blockchain, artificial intelligence, machine learning, analytics which have been very exciting for some of the top financial services companies.”
 “Set up in the financial capital, Barclays’ RISE Mumbai presents a great opportunity for the fintech startup ecosystem in the city, as well as a great soft landing pad for global fintech startups wanting to tap the opportunity in Mumbai. We are delighted to partner with Barclays and look forward to making this an exciting initiative,” he said.

 Ram Gopal, chief operating officer, Barclays India, said, “Barclays is delighted to partner with Zone startups to bring our Accelerator programme to our newly opened Rise site in Mumbai. This is one way we are selling to connect, cocreate and scale Indian startups in the fin tech space.”

Himanshu Warudkar, director, India Digital Office, Barclays Technology Centre India, said, “Rise Accelerator is a very important component of the overall Rise programme, and we are very excited at the opportunities this will open up for startup community, Barclays and Zone Startups will work together in bringing about FinTech disruption and building some really cool products and services.”