Barclays Tel Aviv Accelerator Program Fosters 10 Startups

Barclays Tel Aviv chose 10 startups for its accelerator program.
The program is called RISE and is an international three-month accelerator program.

As reported by The Times of Israel, RISE is one of three programs the multinational bank Barclays Plc runs — in New York, London and Israel — together with Techstars, a Colorado, US-based firm company that runs over 50 accelerator programs globally.

The goal of the accelerator is to tap into technologies it can both use for its own purposes and invest in.

This is the third cycle of the joint accelerator program in Israel. It includes entrepreneurs from 10 startups from Israel, Italy, Ecuador, the US and Montenegro. It started in May and on September 5 the startups will hold a demo day for investors, presenting their developments.

The program includes mentors from a wide variety of fields and helps the startups to put together their story, set up a business model and speak to potential customers.

Among the participants, The Times of Israel mentions Ben Fried, the CEO of the Israeli startup Cred, which develops a software that uses machine learning to help banks and financial institutions set up an investment portfolio to match the lifestyle of customers.

Also, Ecuadorean Christian Torres, the CEO of Kriptos. Kriptos is an antivirus that analyzes the critical information stored by companies and determines which employees are exposed to this information through artificial intelligence.