"Best bank for startups"

Rabobank is the bank with the highest position in Europe's 25 Corporate Startup Stars rankings. Technology company Cisco tops the list, with Rabobank and Unilever sharing second place.

The Nesta organisation and the Startup Europe Partnership are dedicated to promoting innovation. This is why they compile this list of the 25 best startup-friendly corporates. The award ceremony took place at the Startup Europe Summit in Berlin. The jury included former Vice-President of the European Commission Neelie Kroes, a former Microsoft CEO and various investors.

"The jury was particularly impressed by our pragmatic approach and our success in regularly turning collaboration with startups into actual services that also benefit us, such as MyOrder and the Rabo Wallet," says Rabobank Head of Innovation Harrie Vollaard. "We can hold our own with the really big players. We're especially proud that we are higher in the rankings than both leading companies such as Virgin, Telefónica and Eneco and the banks BBVA and RBS."

Crowning achievement

"This award is an outstanding recognition of what many people at Rabobank realised at an early stage, namely the importance of startups," says Vollaard. Rabobank has been actively supporting startups for a number of years. It does this in various ways, including contributing to hackathons, Startupbootcamp and Holland Fintech. The bank equally promotes the development of new and fresh ideas within its own organisation. A great example of this is the Moonshot Campaign. "Following on the footsteps of the Startup Fest Europe and all the activities across the Netherlands in which we have been involved, we see this high position in Europe’s top-25 Corporate Startup Stars as a crowning achievement. Rabobank is clearly a frontrunner when it comes to supporting startups. Apparently the outside world is noticing that fact as well."

Making connections in Europe and beyond

Tech companies, startups, investors, corporations and policymakers met at the Startup Europe Summit in Berlin on 9 and 10 June 2016 in order to make connections. The objective was to build bridges with a view to promoting and accelerating innovation. Political leaders from the European Union and the United States and other key influencers took part in the roundtable discussing the challenges and successes of technology and policy in Europe and beyond. Vollaard: "Startups are important to the future of the Netherlands and play a key part in keeping the economy going. The focus on innovative newcomers furthermore helps large companies to make the transition to a new future-proof business model. Initiatives such as this international summit absolutely help bring this about."

Driving force behind the economy

An innovative idea can be the driving force behind the economy and spur new employment. This is why Rabobank supports startups by providing access to knowledge, funding and networks. The bank also frequently draws inspiration from entrepreneurs’ refreshing plans for the future of banking.

Customers’ needs and wishes are changing rapidly. This calls for continuous innovation of products and services. Rabobank is committed to being a frontrunner in innovating its own services. It naturally provides ample scope for innovation within its own organisation. But Rabobank also believes it’s important to track and promote creative developments and trends outside the bank. Rabobank does this in a variety of different ways.
Read the entire article on Rabobank.com

Related content