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HARTFORD JOINS NATIONAL LEAGUE OF CITIES PARTNERSHIP TO SUPPORT INNOVATION

HARTFORD JOINS NATIONAL LEAGUE OF CITIES PARTNERSHIP TO SUPPORT INNOVATION

HARTFORD, CONN (November 14, 2018) – Today Mayor Luke Bronin and the Hartford InsurTech Hub announced that Hartford has joined the City Innovation Ecosystem Program hosted by the National League of Cities (NLC) and Schmidt Futures.  The program aims to support fifty cities that have made commitments to local entrepreneurship, STEM education, or innovation. NLC announced the cities it will partner with at its annual City Summit in Los Angeles, which had more than 3,500 attendees representing more than 1,500 cities.  In its announcement, the NLC recognized Hartford as, “the country’s premier destination for insurance technology startups.”

“In a very short time since its launch last year, the Hartford InsurTech Hub has established itself as a major center of insurtech innovation, and we’re excited to partner with the National League of Cities as we work to accelerate its growth,” said Mayor Bronin.  “The constellation of industry leaders here makes Hartford a perfect place for insurtech entrepreneurs and growing insurtech companies to locate and work hand in hand with major global insurance carriers.  I want to thank CT Next, our local Innovation Places team, and all of the companies who are working together to position Hartford to build on its history and become the insurtech capital of the world.”

To join the program, the City of Hartford and Hartford’s insurance industry, led by Cigna, The Hartford, LIMRA, and Travelers, committed to growing the InsurTech ecosystem by attracting new companies and talent to the city.  That work has been ongoing for the last year in partnership Startupbootcamp, the global network of accelerators and innovation programs, which runs the Hartford InsurTech Hub. Specifically, throughout 2019, Hartford will track increases in: the number of InsurTech startups; the amount of corporate engagement and support; the number of InsurTech events; and the amount of talent, including professionals and students, involved in startup growth or innovation initiatives within the insurance industry.

“The growing energy created by the alliance of established companies, emerging ventures, and students is making Hartford an insurtech destination,” said Sabine VanderLinden, Chief Executive Officer for the InsurTech business at Startupbootcamp.  “This recognition by the National League of Cities will help facilitate connections to innovation leaders in a variety of US locations and further enrich Hartford and its wider ecosystem to deliver insurance success.”

“When accepting cities, we look for two things,” said Scott Andes, Program Director for the Innovation Ecosystem Program at the NLC.  “First, leadership that is tenacious and willing to forge cross-sector partnerships and commitments to action that will take full advantage of a city’s unique strengths.”

Through this commitment, Hartford will join the NLC and other nationally recognized innovation leaders to share best practices, connect with national firms and foundations and gain technical support, and national recognition through NLC forums and publications.

About Hartford InsurTech Hub

The Hartford InsurTech Hub, powered by Startupbootcamp, is an initiative established in 2017 by Hartford insurance companies, the City of Hartford, and CTNext. Focused on addressing the need for attracting new technologies and talent in insurance and technology into the City of Hartford and the local ecosystem, the program partners include Cigna, The Hartford, Travelers, CTNext, USAA, White Mountains and Clyde & Co. As we prepare for the second year of the program starting in 2019, please visit: http://hartfordinsurtechhub.com/ for up-to-date information.

About the National League of Cities 

The National League of Cities (NLC) is dedicated to helping city leaders build better communities. NLC is a resource and advocate for 19,000 cities, towns and villages, representing more than 218 million Americans. Learn more at www.nlc.org.

About Schmidt Futures

Schmidt Futures is a philanthropic initiative, founded by Eric and Wendy Schmidt, that seeks to improve societal outcomes through the thoughtful development of emerging science and technologies that can benefit humanity. As a venture facility for public benefit, they invest risk capital in the most promising ideas and most exceptional people across disciplines. Learn more at https://schmidtfutures.com

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