SUNNYVALE, Calif., May 16, 2019 /PRNewswire/ -- Plug and Play,
a Silicon Valley-based startup accelerator, today announced its
collaboration with Franklin
Templeton. The global investment management firm has
joined Plug and Play's Fintech platform and will gain access to the
top startups and other corporate leaders in the asset and wealth
management industry.
"Fintech companies serve as the building blocks in our effort to
become the investment firm of the future, enhancing our innovation
driven roadmap. Joining the Silicon Valley Plug and Play's Fintech
platform enables a front row seat to evaluate, potentially invest
in, and nurture Fintech companies in their growth, while also
providing access for commercial collaborations, to accelerate our
efforts in improving business outcomes for investors," says
Joe Boerio, Chief Technology Officer
for Franklin Templeton.
Plug and Play launched its Fintech platform in Silicon Valley in
2015 and now has offices in Abu
Dhabi, Amsterdam,
Frankfurt, New York, Tokyo, Paris,
Shanghai, and Singapore. While continuing to work with over
50 financial institutions, Plug and Play Fintech sees the
opportunity of providing an innovation platform for asset and
wealth management firms. Through these relationships, Plug and Play
plans to spearhead digital transformation for the industry and
driving new growth opportunities for entrepreneurs.
"We look forward to serving a new segment within financial
services that is destined to change," says Max Koenig, Director of Plug and Play Fintech.
"Franklin Templeton will be a key
factor to our sourcing efforts and are aligned well internally to
engage with startups from a business development and investment
capacity."
Plug and Play Fintech's 10th program begins on July 23rd.
About Franklin
Templeton
Franklin Resources, Inc. [NYSE:BEN] is a
global investment management organization operating as Franklin Templeton. Franklin Templeton's
goal is to deliver better outcomes by providing global and domestic
investment management to retail, institutional and sovereign wealth
clients in over 170 countries. Through specialized teams, the
Company has expertise across all asset classes, including equity,
fixed income, alternatives and custom multi-asset solutions. The
Company's more than 600 investment professionals are supported by
its integrated, worldwide team of risk management professionals and
global trading desk network. With employees in over 30
countries, the California-based
company has more than 70 years of investment experience and over
US$720 billion in assets under
management as of April 30,
2019. For more information, please visit
franklintempleton.com.
About Plug and Play
Plug and Play is a global
innovation platform. Headquartered in Silicon Valley, we have built
accelerator programs, corporate innovation services, and an
in-house VC to make technological advancement progress faster than
ever before. Since inception in 2006, our programs have expanded
worldwide to include a presence in over 20 locations globally
giving startups the necessary resources to succeed in Silicon
Valley and beyond. With over 10,000 startups and 280 official
corporate partners, we have created the ultimate startup ecosystem
in many industries. We provide active investments with 200 leading
Silicon Valley VCs, and host more than 700 networking events per
year. Companies in our community have raised over $7 billion in funding, with successful portfolio
exits including Danger, Dropbox, Lending Club, and PayPal. For more
information, visit http://www.plugandplaytechcenter.com
For more information: Gregory
Hoffman, gregory@pnptc.com
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SOURCE Plug and Play