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Open Up Challenge - Edinburgh
Tue 28 March 2017, 18:00 – 21:00 BST
Meet the Open Up Challenge
Join a meetup at CodeBase on 28th March to learn more about Nesta's new £5m prize fund for fintechs.
The Open Up Challenge is a new £5m challenge prize by Nesta at the forefront of open banking. We’re inviting talented teams from across the world – fintechs, data scientists and others – that can use open banking data accessed via APIs to deliver game-changing value for UK small businesses.
We're delighted to invite you to join a meetup with the Open Up Challenge team at SpacePortX to learn more about what's on offer and how you can apply.
When: Tuesday 28th March. Welcome drinks from 6pm, discussion 6.30-7.30pm, networking and drinks 7.30-8.30pm.
Where: CodeBase, 38 Castle Terrace, Edinburgh EH3 9DZ.
This event is for the benefit of potential applicants to the Open Up Challenge. Before registering, please check our prize criteria below.
What is the Open Up Challenge looking to reward?
To win the Open Up Challenge, you’ll build next-generation services, apps or tools that create game-changing value for UK small businesses. You’ll use new open banking APIs to transform how they discover, access and use business-critical financial services. Solutions should also facilitate intelligent, tailored comparison of core financial products including loans, business current accounts and overdrafts (either directly or through integration).
What's on offer?
Entrants will receive a mix of equity-free cash grants and awards (starting with a £50k upfront grant), access to a Data Sandbox containing anonymised UK banking transaction data & APIs aligned with the forthcoming open banking standard, and flexible technical support covering UX, data analysis, security and regulation.
For the full details, visit openup.challenges.org.
We look forward to seeing you there!