Accelerator Program Overview
The goal of the Nexus Mutual Accelerator is to create new startups and support existing ones that enhance the Nexus Mutual ecosystem. We’re particularly interested in businesses that create new cover products, distribute coverage, facilitate underwriting or enhance risk management for our ecosystem.
Ecosystem participants could include (not exhaustive):
- Agents
- Brokers
- Underwriters
- Claims adjusters
- Risk modeling
- Data providers
- Protocols natively including coverage
- Protocols expanding upon the Nexus Mutual functionality
Benefits for Participants
Participants in the program will receive:
- Seed Funding: An initial investment to support early-stage development and operational needs.
- Expert Mentorship: Guidance from experienced professionals in the insurance and technology sectors.
- Resource Access: Access to tools and data necessary for product development.
- Ecosystem Opportunities: Participate within the existing and growing Nexus Mutual ecosystem.
- Team Building Support: We’ll help you to grow your team as you scale.
- Capital Raising Support: If your venture requires underwriting capital on Nexus Mutual, we will assist in your fundraising efforts.
- Continued Support: Advisory services to navigate the market after the program ends.
Program Duration and Structure
Eligibility Criteria
Application and Selection Process
How to Apply
Interested parties should visit Nexus Mutual Accelerator Application to access the application form and detailed instructions.
For further details or questions, please contact:
- Email: accelerator@nexusmutual.com
| Name | Priority | Available Funding (Up to) | Qualifications |
|---|---|---|---|
High | $250,000 | - Discretionary mutual service providers - Underwriters with experience in discretionary mutuals - Brokers with experience in discretionary mutuals - UK or Australia preferable, given these are the primary markets for this product | |
High | $250,000 | - Solidity knowledge would be helpful given the development necessary - ILS / alternative capital arrangement experience - Connections with the ILS market to sell this product - Brokers / underwriters / ILS specialists are likely good fits | |
High | $250,000 | - BTC mining knowledge is important - Strong relationships with brokers or agents will be critical - Experience with new product development is helpful | |
Medium | $250,000 | - Auditors - Security SaaS - Monitoring services |
