Silicon FinTech Bay

Accelerator Program

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About the Program

The Flagstar MortgageTech Accelerator Program is focused on early stage startups developing innovative solutions for the mortgage sector (mortgage tech).

The program is open to startup applicants from across the United States and will take place at Detroit FinTech Bay, for a duration of three months. Remote/online participation will be considered on a case-by-case basis.

Application intake opens on June 27 and closes on July 27. Qualifying applicants will be selected by August 15.

Startup applicants developing solutions which touch the following areas of the mortgage sector are strongly encouraged to apply:​

Important Dates

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Curriculum

A bespoke acceleration roadmap will be designed for each startup, based on where they are in their product development and stage of growth. This will include:

  • Product Development & Testing

  • Business Planning 

  • Business Development & Customer Acquisition 

  • Operational Scaling 

  • Management & Governance 

  • Attracting Investments 

Benefits to Participants

Access to mentors with deep industry and technical experience

Bespoke program design based on current and immediate needs

Ability to test product/solution in a real-world controlled environment

Access to workspace during the program

Access to capital for qualifying startups who complete the program

Access to a wide network of potential customers and investors

Program graduates may also be offered a one-month residency at Silicon FinTech Bay to meet Silicon Valley institutions and investors

Selection Criteria

  • A MortgageTech product/solution that is at minimum at the developed prototype or early proof of concept

  • Innovative technology with a clear product development and execution roadmap

  • Robust business plan and pitch deck

  • Strong founder(s) and management team with a balance of technical and business experience

  • Ability to relocate to Detroit, Michigan for the duration of the program. Remote/online participation will be considered on a case-by-case basis. Some selective travel to Detroit may be required. 

Program Team

Registration

To be part of our Venture Acceleration Program, please fill in the registration form below

 

FAQ

1.    Who can apply? 

FinTech startups seeking to expand into new markets like Asia, MENA and North America.

 

2.    What are applicant requirements?  

FinTech startups which are already incorporated, actively operating and generating revenues , with ambitious plans to expand into the Asian, MENA or North American markets. 

 

3.    What is the program application process?

The VAP reviews applications on a rolling-basis, and conducts interviews on a quarterly basis, if an applicant is able to be present at Silicon FinTech Bay. If an applicant is unable to be present in-person, the VAP will send questions via email or administer video interviews. 

 

4.    Where is the location of the Venture Acceleration Program?   

The Venture Acceleration Program is managed by and held at Silicon FinTech Bay. Applicants interested in the US domestic market shall work with our silicon valley team at this location, and those seeking international growth shall commence the program at Silicon FinTech Bay and then work with our hubs in Asia and the Middle East depending on their needs. Applicants unable to attend physically at the silicon valley location, may also participate in the program by choosing to work through our hub locations in Detroit, Singapore and Bahrain.

 

5.    What documents should I submit?  

a) Business plan (pdf file) — Filename: company name.pdf. The contents of the business plan should include the following: Company history and organization structure, reasons for the application to the program, market analysis and competitive positioning,  business model and competitive advantages , growth roadmap, financial statements/fund raising status, expansion and hiring plan, etc.  b) Resumes of management team members (pdf file, 1 page each).