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Innovation Program

 

Calling All Startups!

We invite you to apply for the 2019 BMO Harris/1871 Innovation Program! Accepted startups will receive mentoring from the BMO Harris team, as well as access to the 1871 space and resources, including 300+ workshops per year.

If accepted, you will also have the chance to win a cash prize of up to $25,000 (first place), $15,000 (second place) or $10,000 (third place) at the culmination of the program.

The program will run from from May – August, 2019.

Eligibility Requirements:

  • BMO is seeking innovative ways to reach new customers and create deeper relationships with their current customers — they’re interested in solutions that can help with this challenge. Compelling solutions could include:
    • Solutions and services that provide customers with helpful insights and advice, directly or through team members
    • Products that can help identify customer needs
    • Products and platforms that can be enhanced with the addition of financial solutions
    • Innovative, customer friendly financial products in lending, payments, savings, investments or other areas related to financial services

  • Your startup should have a beta product ready to demo.
  • Your team must consist of more than one person, and can be based anywhere in the United States.
  • All startups that meet the above requirements are eligible. You are not required to be an existing member of 1871, gener8tor, or Kinnektor.

Before you apply, please read the Official Rules.

Selected startups receive:

  • A four-month mentorship program with access to mentors and resources from BMO Harris Bank
  • A free working space at 1871, a 130,000+ square-foot innovation space
  • The opportunity to pitch to local venture capital investors for feedback, mentoring, potentially continued connections and/or funding
  • The opportunity to win up to $25,000
  • The potential opportunity to pilot your technology with BMO Harris

The deadline to apply for the 2019 BMO Harris/1871 Innovation Program is 11:59pm on April 19, 2019.

Apply Now

Learn More

“The program has given us the opportunity to have conversations with senior bank leaders about product and market fit that don’t take place within the typical sales environment, and that has really changed the dynamic and outcome of those conversations,”

—Rochelle Gorey, Co-Founder, SpringFour

2018 Winners

1st place: Ascent RegTech

Using market-leading Regulation AI, Ascent RegTech’s cloud-based platform helps users automate and manage their compliance program – efficiently and reliably. Ascent RegTech makes it simple for compliance officers to always know which laws and regulations that they must comply with, and to track and report on the steps that they are taking to comply.

2nd place: Safe Rate

Safe Rate creates sustainable mortgage finance solutions for prospective homebuyers and mortgage market investors. By reducing monthly payments during housing market distress or when a home’s value drops, Safe Rate helps decrease the incidence of foreclosure and stabilize home prices.

3rd place: Rank Miner

RankMiner is a SaaS platform that identifies customer opportunities and reviews employees by using artificial intelligence during call center conversations. Using predictive voice analytics software, RankMiner helps call centers target the right customers and increase their agents’ performance by analyzing emotions and behaviors.

The 2019 program is operated in collaboration with Wisconsin-based accelerator Kinnektor.