What is the difference between InsurTech Hartford, Hartford InsurTech Hub, Startupbootcamp/Rainmaking, Upward Hartford, CT IFS, NassauRe/Imagine, and Launc[H]artford?
InsurTech Hartford is a grass roots organization. It is founded and run by local insurance professionals. The community-focused part of the organization works to incubate a robust InsurTech ecosystem by bringing people together, educating, and promoting startup growth in the region. InsurTech Hartford also offers professional services to help industry organizations innovate.
Hartford InsurTech Hub
In 2017, CT Innovations ran a contest known as Innovation Places which awarded communities funding if they were able to show how the money would be put to good use in helping develop as an innovative community.
A group of representatives from various companies pooled together to help support Hartford develop as an innovative place. The end result was a win for Hartford - a grant focused on three industries: InsurTech, Healthcare, and Advanced Manufacturing. This grant is annual and is matched by corporate partners.
The Innovation Places InsurTech effort is known as Hartford InsurTech Hub.
Rainmaking is a network of industry-focused startup accelerators. Headquartered in London, England, the company runs 26 programs across the globe. They support early-stage tech founders to rapidly scale their companies by providing direct access to an international network of the most relevant mentors, partners, and investors in their industry. Through the funding and support of Hartford InsurTech Hub and some external partners, Rainmaking runs an InsurTech accelerator in Hartford. Note: Startupbootcamp is the former name of this organization.
Upward Hartford is a coworking space that also has its own programming, such as Upward Labs, public events focused on small business, startups, and technology, as well as non-business events such as game and comedy nights.
Upward Hartford is the location where Hartford InsurTech Hub runs the accelerator program. It also happens to be a partner of InsurTech Hartford. Most InsurTech Hartford events are run from their space.
Connecticut Insurance & Financial Services (CT IFS), formed in 2003, is a statewide initiative of the MetroHartford Alliance comprised of 32 member companies in Connecticut’s insurance and financial services sector. CT IFS’ Board of Directors engages around a shared vision: to create competitive advantages in business attraction and retention, to sustain recruitment and education of a trained workforce and to increase public awareness of the industry’s critical economic importance. CT IFS is a private organization who does a lot for the community. CT IFS weaves InsurTech programming into its events.
Nassau Re is a local insurer housed in the iconic boat building in downtown Hartford. Nassau Re/Imagine was launched to help accelerate Hartford’s transformation as an incubator for insurtech innovation by fostering startups that will attract a new generation of talent to the city and state. They provide a free, convenient and supportive environment for founders to develop strong business relationships with Nassau Re and other insurance carriers in the area. They want to bring innovation close to their company and employees. Nassau Re wants to support the growth of the Insurtech ecosystem in Hartford. They also want new startups and insurtechs to view Hartford as a choice location to grow their businesss. Lastly, Nassau Re hopes their collaborative strategy will create jobs in Connecticut and attract new investment capital to the region.
As a community, we’ve come together to use the power of innovation to help our city—and our residents—make the next big leap forward. In Hartford, there’s a way for everyone to get involved. We’re building new spaces for innovators to connect in ways that bring new possibilities to life. We’re launching programs that link industry experts with technology pioneers to help shape the future of our connected world. And, we’re connecting the next wave of talent to a whole new set of career opportunities right here in our own backyard.
So, wherever you are today, we value the vision you have for your future, and we look forward to helping you make your dreams a reality in Hartford.