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The deadline will end on May 30

Cielo, a leader in electronic payments in Brazil and Latin America, launches on Monday (10) its 1st Acceleration Program with Startups, an open innovation initiative of the company's innovation hub, Garagem. Registration for the three-month program will remain open until May 30 for startups in any segment.

Scheduled to start in July, the program will face two challenges: Data Driven solutions for Product Market Fit and solutions for the reconciliation and financial management journey. “The idea is to build together - Cielo and startups - one or more solutions to our challenges this year. We will take advantage of the expertise of both parties to give speed to Cielo and scalability for startups. It is a win-win relationship, ”says Head of Garagem, Ana Fusco.

The program's objective is to accelerate business in the equity free partnership model. That is, without the need for contributions. The participating startups will interact with Cielo's business areas to structure a pilot project to be developed during the program. In addition, they will have chances of hiring after the experience.

On May 20, Cielo will hold a remote live event with broadcast on LinkedIn and Facebook company to present the program, Cielo's innovation hub and answer questions related to the challenges.

On the registration site https://innovationlat.am/cielo there will also be a tab called "Connect your startup" to bring together startups that are not related to the challenges proposed by the company.

Connection with startups

This is yet another Cielo action linked to open innovation. The company conducts its Startup Mentoring Program annually and has participated in the Financial and Technological Innovation Laboratory (LIFT), organized by the Central Bank.

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