Barclays opened the doors of Rise New York, a physical space and virtual global community designed to pioneer the future of financial technology. By the end of 2016, Barclays plans to have opened Rise hubs in North America, Europe, Africa and Asia.
In each location, Rise will provide a physical site for innovative companies, offering a co-working environment, world-class event spaces, and meeting rooms. Rise will also house the Barclays Accelerator, a 13-week program for fintech startups, run in partnership with Techstars. In addition, Rise will be a global digital network aimed at promoting online collaboration and participation in innovation challenges. Barclays’ existing open innovation sites in London and Manchester (previously known as Escalators) will be rebranded as Rise locations.
Rise New York is based in the city’s iconic Castro Building on 23rd Street, in the heart of Silicon Alley, and will be the home of the first New York cohort of the Barclays Accelerator. The Barclays Accelerator is a 13-week intensive startup program designed to help businesses deliver breakthrough innovations in fintech; two prior cohorts have completed the program in London.