The Citi Tech for Integrity (T4I) Challenge, an open innovation competition to source solutions to promote integrity, accountability and transparency in the public sector, has reached another significant milestone: Citi and its allies are proud to announce the companies participating in the 2017 T4I Growth Accelerator Class.
Led by Citi in collaboration with its strategic allies – LetsTalkPayments.com (LTP), IBM, Microsoft, Mastercard, Facebook, Clifford Chance, PwC and others – T4I finalized a list of 213 teams from 34 countries that are invited to participate in a world-class virtual accelerator to add value to their proposed solutions. The virtual accelerator provides participants access to exclusive developer tools and webinars, including one by Patrick Rivenbark, VP, Strategic Partnerships at LTP.
Final submissions include a two-minute video explaining the solution, which participants must submit by April 15. Citi will also use those videos to select finalists by region to present at regional demo-days.
Citi Tech for Integrity Challenge 2017 in Numbers
“We are truly honored to have received so much support from all of our Allies. It has been a very collaborative effort, and the success is showing through the diversity and excellence of the participant class. The 213 companies selected come from 34 countries and 89 cities around the world,” Laura Gaviria Halaby, Global Head of FinTech Acceleration, shared with the LTP Team.
Image source: Citi
Indeed, over 1K talented teams have registered for the challenge since its announcement in February 2017, representing 70+ countries in four regions (North America, Latin America, Europe Middle East & Africa, Asia-Pacific), 300+ cities, out of which 213 teams have been selected for the accelerator class.
The T4I Challenge Accelerator Participants Focus Breakdown
At initial stages of the Challenge, Citi has identified the following pillars where integrity, accountability and transparency are paramount and where developers should focus their efforts:
- Government Transactions (14% of participants)
- Culture, Ethics & Citizen Engagement (9%)
- Information Security & Identity (16%)
- Crisis Management & Aid (9%)
- Cutting the Red Tape (15%)
- Analytics, Reporting & Transparency (16%)
- Financial Crimes & Illicit Activities (11%)
- Procurement (10%)
Selected solutions often fell into several pillars, bringing comprehensive coverage for the most important pain points of the public sector.
US companies represent the biggest pool of participants (~22%), followed by India (~20%), UK (~11%), Israel (~7%), and Argentina (~5%). As for the regional distribution, EMEA leads the pack, with 40% of the companies coming from Europe Middle East & Africa, followed by 25% from the APAC region, 23% from NAM and 12% from LATAM.
In the next step of the T4I Challenge, in April, successful innovators will be invited to showcase their working prototype at live Demo Days hosted by regional governments in Latin America, Asia and Europe.