Meet the 12 finalists of Nesta’s government
Backed by the Competition and Markets Authority (CMA) to shake up disruption, Nesta has announced the 12 finalists of its £2.5m fund for innovation in small business banking.
Building on the implementation of Open Banking and other initiatives like the Royal Bank of Scotland’s remedies fund, the Open Up Challenge managed by Nesta includes five new entrants, as well as seven teams from the challenge’s 2017 cohort.
The finalists will each receive a £100,000 grant, priority access to Open Banking data, and support to bring their products to market. A further five or six of the finalists will go on to win a further £200,000 by the end of the year