Multi-Criteria Mechanism for Selecting Projects by Fintech Accelerators

DOI

10.2991/iscfec-19.2019.2How to use a DOI?

Keywords

fintech industry, innovative and financial system, selection of startups, accelerator.

Abstract

The fintech industry is currently actively gaining its positions. Fintech accelerators are a new infrastructure institution for the Russian market of the fintech ecosystem, which is currently in the stage of its active formation. As the specialized accelerators and as the element of the infrastructure of the innovative and financial system fintech accelerators are building up their positions. This can be exlained by the boom of finteсh innovations. Fintech accelerators contribute to the development of new financial technologies in the market and, as a growth driver for startups, support them comprehensively. In this regard it is interesting to consider the problems of selecting startups by finteсh accelerators in accelerating programs. The study authors developed a step-by-step mechanism for selecting startups by fintech accelerators, which includes the acceptance of an application for acceleration, the initial verification of the acceleration application for compliance with the formal and basic requirements established by the finteсh accelerator, the detailed verification of the accelerated application, the discussion of the acceleration application at the fintech Accelerator Council and the decision-making on inclusion (rejection) of the venture project in the accelerated program, the conclusion of the contract between the startup and finteсh accelerator for acceleration. The presented mechanism corresponds to the multicriteria nature of the selection of startups for acceleration, including such criteria as a technical idea, a product, an object of intellectual property, a business plan, a financing mechanism, a venture company, a team, a general application, and so on.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - T.G. Bondarenko
AU  - O.A. Zhdanova
AU  - N. Klimova
PY  - 2019/05
DA  - 2019/05
TI  - Multi-Criteria Mechanism for Selecting Projects by Fintech Accelerators
BT  - Proceedings of the International Science and Technology Conference "FarEastСon" (ISCFEC 2019)
PB  - Atlantis Press
SP  - 6
EP  - 10
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-19.2019.2
DO  - 10.2991/iscfec-19.2019.2
ID  - Bondarenko2019/05
ER  -