British fund manager Schroders has introduced a global in-residence programme dubbed Cobalt for technology start-ups.
Through the programme, the fund manager will target those technology firms that have already passed the early-growth stage and offer investment management-related solutions.
In particular, the firm is on the lookout for firms that adhere to its business priorities and solutions that can offer benefits within a year’s timeframe.
Schroders group CEO Peter Harrison said: “The Cobalt programme demonstrates that we are a natural home for fintech start-ups and gives us direct access to a pipeline of innovators enabling us to harness tomorrow’s technology to better tackle today’s investment and industry challenges.”
The startups chosen for the programme will gain access to Schroders’ resources, including desk space and the opportunity to access mentors from various parts of the firm. Selected firms could also secure investment from the fund manager.
Schroders chief digital officer Graham Kellen said: “By collaborating with ground-breaking tech start-ups we can tackle legacy technology issues with problem-solving innovation for the benefit of our clients and our own productivity.In turn, the start-ups we choose to work with will also profit from our industry expertise and resources to fast-track their development.”