becu fintech incubator competition
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Partnership between UW CoMotion and BECU

BECU, Washington’s largest community credit union, partnered with CoMotion, UW’s collaborative innovation hub, in fall 2018 to create a fintech hub in the Seattle region, which included the launch of the BECU FinTech Incubator, at CoMotion Labs. The collaboration combines BECU’s expertise in broad-based financial services, data analysis, and customer experiences with CoMotion’s strengths in incubation, partnership, innovation, company formation, and technology commercialization.

A Powerful Combination

The technology strengths and resources of greater Seattle and the UW ecosystem make a powerful combination that is poised to build the next generation of financial services innovations. This focus on financial services innovation will benefit a large section of the community at a time when technology and disruption are simultaneously beneficial and potentially polarizing.

Inclusive Innovation

CoMotion is driven by an inclusive notion of innovation that consists of interdisciplinarity, teaming, leading meaningful change, and building products and deliverables that create impact. The fintech area is inherently interdisciplinary, and the emphasis of BECU on financial health and inclusion makes the partnership additionally synergistic.

BECU Fintech Incubator Competition

The partnership between CoMotion and BECU led to a fintech hub in the Seattle region, which included the launch of the BECU Fintech Incubator at CoMotion Labs. BECU launched the incubator with two Fintech startups, Noonum and Routable. Shortly after, Attunely and Fincluziv joined as they were the first two winners of the Fintech Incubator Competition. For the second year in a row, BECU and CoMotion are holding a Fintech Incubator Competition with the goal of identifying talent and promising technologies.

See chart below for more detail about the benefits BECU Fintech Incubator members enjoy.

Member Benefits of the BECU Fintech Incubator Program

Core Benefits

  • One-year membership contract that provides co-working space
  • Card-key access to work space including dedicated desks, access to conference rooms, and event space
  • Access to a robust database of experienced entrepreneurs and professionals willing to mentor and lend expertise to startups
  • Regular office hours for startups to provide advice, guidance, and networking
  • Connections to UW faculty through CoMotion events, ability to hire UW student interns or graduates, and to participate in the annual Startup Career Fair hosted by CoMotion

Additional Benefits

  • 1:1’s with BECU team members and availability for check-ins on special topics
  • Quarterly Fintech Incubator community events
  • Ability to provide proposals to BECU for Proof-of-Concepts or pilot projects
  • Sponsored annual membership — annual fee is paid for those startups who are invited to join the BECU Fintech Incubator
  • Ability to list BECU Fintech Incubator and BECU logo on startup marketing materials
  • Ability to request connections to BECU network of vendors, partners, and expertise
  • Pitchbook access

Ongoing Programming

  • CEO/CTO Roundtables
  • Fundamentals for Startups— weekly lecture and Q&A series on a variety of topics relevant to startups featuring regional experts
  • Hosted Happy Hours and social events
  • Yoga