TAG FinTech, a financial industry special interest group of Technology Association of Georgia (TAG) announced that the 2014 cash grant of $50,000 is available for qualified  startup businesses in the financial technology (Fintech)industry.

To qualify for the grant participating startups must:

• Complete the 6-week CapVenture program administered by TAG that helps entrepreneurs develop business plans and address the challenges of early stage companies. The CapVenture program, which starts Sept. 29, 2014 in Atlanta.

• Successfully meet all grant requirements. Companies can apply for the grant at https://tagonline.wufoo.com/forms/rqzo43j05ip23z/ from Aug. 5 until Sept.8, 2014.

The grant winner will also be eligible for a $50,000 loan from Invest Atlanta, providing a potential of $100,000 of non-diluting seed capital to the successful applicant. 

“Investments like this demonstrate that Atlanta’s doors are open to entrepreneurs, “said Mayor Kasim Reed. “ We are willing to leverage our resources and local talent to establish our City as the hub for technology innovation in the South.”

According to TAG research, Georgia FinTech company revenues are more than $34 billion annually, which places the state third in the nation, behind New York and California.

“It is a testament to our business environment, sponsors and the Mayor’s office that we are able to demonstrate the important of innovation and the financial technology industry to Georgia, said Sean Banks, TAG FinTech chairman and partner at TTV Capital. “The cash grant will go a long way in helping seed a young company and grow jobs. The additional borrowing opportunity provided by Invest Atlanta will further advance that young company’s momentum without diluting its founding team’s ownership, which is a real win-win for the entrepreneur.”

CapVenture is designed to equip early stage company executives with the tools and knowledge needed for a smarter and more productive capitalization of their business.

The program enables participants to further develop their business plan, making them more attractive to customers and investors.

“Not only are we delighted to make a capital contribution but we're equally as pleased to mentor companies we meet through the program,” said Jeremy Wing, owner of Payscape Advisors. “As a Georgia based startup, we know how important it is to engage with other entrepreneurial based companies to both share valuable lessons we've learned and support each other's businesses.”  

The CapVenture FinTech Startup Award is made possible by the collective efforts of Elavon, Fiserv, Habif, Arogeti & Wynne, LLP, Invest Atlanta, PayScape, Sysnet Global Solutions, TAG and TAG FinTech, TSYS and TTV Capital.

To register for CapVenture, please visit: https://s01.123signup.com/servlet/SignUp?P=15219741911427072100&PG=1521974182300&Info