Queen City Fintech- the ideal Accelerator to grow your startup

Queen City Fintech- the ideal Accelerator to grow your startup

January 28, 2020 0 By Ideaction
Reading Time: 3 minutes

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In our last article, we talked about how Ideaction helped myAllergy  to get into IBM Hyper Protect Accelerator and be one of the top 15 technology startups from across the world that participated at  Venture 135 Conference in Charlotte, NC. Now, we decided to draw a more detailed picture of our new partner Queen City Fintech – the unique accelerator that focuses on elevating startups through intense mentorship in the Charlotte market and the greater Southeast region.

What is Queen City Fintech?

Queen City Fintech (QC Fintech) is an accelerator program for startups that provides access to world-class mentors, leading banking executives, business development professionals venture capitalists of Charlotte’s business community. The program lasts 12 weeks (spring/fall every year), with continuing support during the entire year.  An important thing to mention is that chosen companies receive an upfront capital infusion of at least $40,000 per company with the potential for follow on funding for the top performers in the program. QC Fintech is primarily seeking for early-stage startups and preparing them to run the market, including creating winning pitch decks, founder relationship, marketing, brand creation, building an MVP and getting them investment ready. 

How does it work?

During the 12 weeks of the program, the participants have the chance to attend bi-weekly meetings of the advisory boards, composed of 5-10 domain experts of the QC Fintech network. In these meetings, the teams set goals for the programs and work intensively on them. All this hard work and many-sided implication is for the sake of the culminating point of the accelerator: Demo Day. On this day, each company pitches to the greater fintech community. In the fall the QC Fintech Demo Day is the summit event of the Southeast Fintech Venture Conference and Fintech Generations in the spring. 

How to apply?

If you consider applying to QC Fintech Accelerator program, you should follow 4 steps: submit an online application, Phone Screen with QC Fintech Team Members and in a short time you’ll be interviewed by the QC Fintech managing director. Finally, on the final selection day, you’ll pitch to 20+ representatives from QC Fintech mentor base. Therefore, if you convince them that your startup idea is brilliant and your dedication is beyond any doubts, you can pack for your journey to Charlotte! Yes, you, or another one of the company’s founders and/or officers, must relocate to Charlotte for the 12-week program.

Besides the mentorship program with the Charlotte’s business community, QC Fintech offers access to executive level members of each of Charlotte’s Fortune 500 financial services institutions. Moreover, the participants are not only elevating their companies in the Charlotte market but the greater Southeast region as well. If you are a startup looking for a proper way to grow, then QC Fintech is a perfect accelerator to participate in. Above all, it gives you invaluable access to a world-class network of 300 mentors and some of the world’s premier founders and subject matter experts that will help you to develop your company in a 12-month period of time. So, Yes, QC Fintech is definitely worth it, and here you can find more detailed information about it!     

How does Ideaction come in the equation?

If you consider taking the challenges on and applying to the QC Fintech accelerator program in spring, which might become a linchpin in your career, then we can do this together! Ideaction has experience in helping startups to get into the QC Fintech accelerator programs, so you shall not doubt the results. We can help you with everything from scratch and if you have already an MVP, Ideaction will consult on the pitch deck and tech stack, but if you have just an idea, we can help you build your MVP and get you ready for an acceleration program. If you are willing to inquire us about a possible partnership, send us an email and we’ll get back to you immediately. 


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