-- New accelerator program will support startups that are transforming 
     financial services in business and life

Techstars, the global platform for investment and innovation, and ABN AMRO have 
agreed to a three-year partnership to accelerate innovation through a Techstars 
accelerator program. The partners will focus on identifying and supporting 
innovative startups transforming financial services in business and life.
 
Logo - 
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The collaboration will connect ABN AMRO with Techstars' unmatched global 
network and help the company accelerate digitization and innovation in 
delivering its strategy. Through the mentorship-driven accelerator program, the 
companies will recruit and support the most promising early stage companies in 
the financial industry.

"Financial services and technologies underpin so much of what we do in 
business, life and even socializing today," said Keith Camhi, senior vice 
president of accelerators, Techstars. "Partnering with an innovative and 
engaged company like ABN AMRO allows us to continue to tap the immense sector 
expertise we have and help entrepreneurs develop solutions that enhance lives 
and improve how businesses operate." 

Selected startups will work closely with Techstars' program team and vast 
mentor network, and with ABN AMRO's corporate innovation team, subject matter 
experts, and network of clients. 

"Working with the startup ecosystem is crucial for ABN AMRO's innovation 
journey," said Edwin van Bommel, chief innovation officer, ABN AMRO. "Our aim 
is to be at the forefront of innovation in relevant ecosystems, supporting 
startups to become leaders in their field and allowing us to build out our 
leading position in innovation. Partnering with a leading accelerator like 
Techstars allows us to find and connect with the best startups in the global 
ecosystem."

Timeline:
     - September 14, 2020 – Applications Open 
     - January 2021 – 10 companies selected 
     - March, 2021 – Start ABN AMRO and Techstars Accelerator 
     - June, 2021 – Demo Day

About Techstars
Techstars is the global platform for investment and innovation. Founded in 
2006, Techstars began with three simple ideas — entrepreneurs create the 
future, collaboration drives innovation, and great ideas can come from 
anywhere. Today our mission is to make innovation accessible to everyone, 
everywhere. We do this by connecting startups, investors, corporations, and 
cities to create a more sustainable and inclusive world. Since 2006, Techstars 
has invested in more than 2,200 companies and today has a market cap of $27 
Billion. www.techstars.com

About ABN AMRO
ABN AMRO serves clients in the retail, private banking and corporate banking 
sectors. Our primary focus is on Northwest Europe. We offer clients in the 
Netherlands an extensive and comprehensive range of products and services 
across a variety of channels, including our Mobile Banking app and Internet 
Banking. ABN AMRO possesses a clear and bold purpose: banking for better, for 
generations to come. The bank's impact on society and on the economy is 
tremendous, and for our contribution to be both positive and enduring we need 
to make the right choices. Everything that we do derives from our purpose: now 
and in the future.

Source - Techstars

CONTACT: Michelle Zack, michelle.zack@techstars.com