Big Brands Engage With the Startup Community

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Feb. 17 (Bloomberg) -- Nektarios Liolios, Managing Director at Startupbootcamp FinTech, discusses the U.K. startup environment and how entrepreneurs are challenging the status quo. He speaks on Bloomberg Television's “The Pulse.” (Source: Bloomberg)

Backbone for gdp and 5-10 years.

You need accelerators and mentoring and this is what people are asking for.

You described it.

We provide them, over the space of three months, intense mentorship.

It could have taken a year.

It takes three months.

The key thing is that we use a large number of people who know the industry and no funding and we give them access to different things.

In my case, we need people from the financial industry and we need people who have their own startups and no how difficult it is and can share advice.

We need people who are open to funding.

In our case, it is typical and at the end of november, we have 300-400 overseas.

Our measure of success is if these startups get funded.

This is one of the great things that london has to offer.

We have technology and the google campus on our right hand side.

We have the city of london.

There is tension where they meet and we need to push it harder.

Give me a status report.

The relationship is working to presently well and it is getting closer.

Maybe we can pick up one of the words that we heard earlier, disruption.

People always talk about disruption and the disruption to put the bank out of business.

Most startups want to work with the banks.

Services are targeted to an audience that are not covered by the banking industry and banks have started putting innovation programs in place to spend what is going on in the outside world.

Startups are more mature, and the since that you have more people and not two guys in the garage with the next big thing.

They have the problems of the industry and try to find solutions.

There is a lot of players in this market who are bridging between the two and providing a bridge and a service, a language, maybe, to translate.

People explain to startups how difficult it is to sell into a bank and what they need to be aware of.

There is a wider ecosystem that is building and includes the banks, academics, the vendors, and the organizations like ours that provide very specific services.

Thank you so much for joining us.

Startup boot camp.

We will look at the latest breakthrough in green.

That is right here on the pulse.

This text has been automatically generated. It may not be 100% accurate.


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