Connecticut’s innovation ecosystem is expanding, deepening and giving rise to a rich network of new ventures. Though, the ‘new kids’ aren’t the only ones taking the creative approach: established industries, like Connecticut’s insurance sector, are harnessing technology and data, recharging company culture and exploring new markets to refine, rethink and reinvigorate. Insurtech is now. Companies are innovating to more efficiently serve consumers and manage risk. You can bet the Insurance Capital’s global brands are leading the charge.
Taken together, Connecticut’s uniquely skilled workforce, breadth of industry giants and burgeoning startup culture only sharpen the Constitution State’s competitive edge. Connecticut continues to build its reputation as an innovation hub – and a number of efforts, public and private, are cultivating even more opportunity for growth.
Startupbootcamp is a global network of industry-focused startup accelerators; in September, it launched the Hartford InsurTech Hub with City, State and industry support. The program kicks off January 2018 and will run for three months, providing a distinguished cohort of startups with the support, resources and connectivity they need to grow. Twenty-three startups from countries around the world were invited to pitch for a spot in the program: 11 ventures were selected for the inaugural cohort!
This platform is rooting Hartford's insurtech community through curated events, strategic partnerships and incubator programming. InsurTech Hartford has already held a suite of impressive events with more ahead.
Connecticut Innovations' 'global venture challenge' invites early-stage companies worldwide to compete for awards totaling $5 million, and provides incentive for these ventures to set up shop in the constitution state. VentureClash focuses on efforts in insurtech, fintech, digital health and the IoT revolution. The competition runs a tight schedule and in 2016 honored efforts from Canada, United Kingdom, China, Israel, Belgium and France. The 2017 winners have been announced!
Unveiled in 2017, the 27,000-square foot co-working environment created by Upward Hartford is geared to nurture small businesses, new ventures, innovators and entrepreneurs across the Hartford Region.