RBC and Rogers Cybersecure Catalyst Launch New Fintech Incubator

Cybersecurity | Release | May 3, 2024

Image: The Rogers Cybersecure Catalyst (CNW Group Rogers Cybersecure Catalyst at Toronto Metropolitan University)

RBC Partners with Rogers Cybersecure Catalyst to Launch the RBC FinSec Incubator

The RBC FinSec Incubator, a collaborative effort between Rogers Cybersecure Catalyst at Toronto Metropolitan University and RBC, aiming to enhance the development of secure financial technologies to address the increasingly complex needs of the financial sector.  The program designed to help early-stage Canadian startups in the cybersecurity and fintech sectors. It aims to transform the financial cyber ecosystem by providing startups with the necessary tools to develop and scale their technologies.

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• Participation in the program is free, and no equity is taken from the participating companies. The program supports startups with a tech-enabled product that addresses a significant problem within the cybersecurity industry.
• Startup participants should have a minimum viable product (MVP) and be poised for marketing validation or commercialization. Additionally, these startups must be less than five years old, have less than $3M CAD in funding, and have permission to operate in Canada.
• The incubator offers a five-month program that includes specialized workshops in product management, roadmapping, compliance, and go-to-market and sales strategies.
• Startups benefit from over 16 hours of one-on-one mentorship, focusing on business growth and compliance measures.
• The RBC FinSec Incubator is a hybrid program, blending in-person and online engagements. The program expects participants to dedicate about 3-4 hours weekly.

Next Steps

• Applications are open now with the deadline to the first batch closing July 5, 2024.
• There's an information session coming up May 14:  Register here
• Learn more about the application process, finances, and more:  FAQ here

Why This Matters

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This initiative is significant as it offers startups a robust platform to refine their products and integrate them effectively within the financial sector, potentially leading to more secure and innovative financial services solutions.

The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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