BOSTON (7/9/15)--Digital FCU (DCU), Marlborough, Mass., is moving into the second year of a collaborative effort to finance technology startup firms in downtown Boston.
After an inaugural year of hosting and helping to launch four financial sector startup companies, the DCU Center of Excellence (DCU CoE) has extended invitations to seven new financial technology startups to work, learn and collaborate--at no cost--in the co-working space over the next six months.
The DCU CoE is a joint initiative between DCU and Boston co-working company Workbar.
DCU CoE offers financial services startups a home base and deep support, from mentorship to networking to customer access and beta testing. By supporting startups, DCU hopes to encourage more innovation in Boston’s financial marketplace while giving back to emerging financial technology companies.
In year two, the DCU CoE has sharpened its programming for startups to focus on relationship building and knowledge sharing among DCU staff and CoE companies.
“Startups at the CoE are sophisticated enough to know exactly who within DCU they need to meet to take the right steps forward,” said David Araujo, DCU vice president of information systems. “This year, we’re putting special emphasis on relationship building with relevant department heads within DCU, so that startups will find maximum value.”
Added Workbar CEO/Founder Bill Jacobson: “To have the support of an industry leader like DCU is a huge leg up for the startups within the Workbar community. We are thrilled at the success of the first year’s participants and look forward to seeing the next seven DCU CoE companies thrive.”