FinTech Magazine - August 2022 | Page 95

TECHNOLOGY
The providers of technology platforms sometimes establish incubators or accelerators to encourage the industry in general to adopt their technology – an example is the German software company SAP , which has invested in more than 200 startups that are using the SAP platform through its SAP . io accelerator . And , finally , as crypto becomes more popular , a new category has emerged where incubators and accelerators are specifically tailoring their curricula towards blockchain businesses .

“ Only 43 % of black business owners trust banks to have their best interests in mind ”

LLOYDS BLACK BUSINESS NETWORK REPORT

# 1

TOP 5 ACCELERATORS

Y Combinator ( US ) Total investments : 4,420

# 2

Techstars ( US ) Total investments : 3, 581

# 3

500 Startups ( US ) Total investments : 2, 788

# 4

Plug & Play Tech ( US ) Total investments : 1, 381
Startup Bootcamp ( UK )

# 5 Total investments : 539

# 1 # 2 # 3 # 4 # 5

TOP 5 INCUBATORS

Venture Kick ( CH ) Total participants : 841
Agoranov ( FR ) Total participants : 359
Velocity ( CA ) Total participants : 400
F10 Global ( CH ) Total participants : 200
Venture Catalysts ( IN ) Total participants : 110
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