BBVA's US subsidiary will admit 35 startups to the BBVA Momentum accelerator this year following a successful first year in 2017.
BBVA Compass, a US-based subsidiary of Spain-headquartered financial services firm BBVA, is set to expand its BBVA Momentum accelerator in 2018 and will invite up to 35 startups to participate.
Formed in 2011, Momentum is a five-month scheme run by BBVA that allows entrepreneurs to use the corporate’s resources and expertise to grow while competing for a financial prize. They also receive coaching from staff at Austin’s McCombs School of Business.
The initiative first took part in the US in…
