Your questions answered
Answers to frequently asked questions about Engine and the Engine Innovator programme
Engine welcomes as members all types of FinTech firms that are seeking to deliver solutions to the investment management industry. Members can vary widely in their stages of funding and maturity.
For more information see Apply here
To access a range of publications, guidelines, circulars, data and statistics on the Investment Association website, please register on the site here
No, this is an international initiative. We have members worldwide and we welcome all applications.
Aside from our range of online resources that are available to all IA FinTech Members, we also provide The Engine Room – a co-working space in central Birmingham.
The Engine Room is primarily available to participants in our IA Engine Innovator programme. However, any IA FinTech Member interested in using the space is welcome to contact us and we can advise on current availability.
We also run a range of events in Birmingham, in which all IA FinTech Members are invited to participate. If you would like to hold an event in Birmingham or use one of The Engine Room’s meeting facilities, please contact us to discuss at [email protected].
We promote all opportunities for event engagement in Birmingham via the Engine e-newsletter, which you should receive at the start of each month.
We are also building a network of global FinTech and investment management partnerships to support our members. See here for more information.
No – the Investment Association does not take any equity stake in the businesses that it supports through Engine.
No – each business participating in Engine retains full control of its business.
To join as an IA FinTech Member, the cost is £115 plus VAT per month, payable by automatic subscription.
You must be an Engine member to participate in the Engine Innovator Programme. IA FinTech Membership is £115 plus VAT per month. There is no additional fee for the IA Engine Innovator programme.
The Engine Advisory Panel, which comprises 30 experts from investment management and related disciplines, decide on the successful applicants based on specific criteria and fit within the industry.
The process for selecting FinTech firms for the Engine Innovator programme is as follows:
1. Applicants submit a completed application form, along with a brief video about their solution.
2. Applications are reviewed and shortlisted by the Advisory Panel and firms are informed if they have been selected for the next stage.
3. 10 Shortlisted firms are invited to an in-person pitch panel at the IA offices.
4. Up to 5 shortlisted applicants are invited to participate in the Innovator Programme.
Unsuccessful applicants are welcome to reapply for future cohorts.
Applications for the Engine Innovator programme are open once annually, and are open for six weeks each time.
See the next opportunity to apply for the programme here.
Absolutely. We treat application data as confidential information. We do not sign non-disclosure agreements (NDAs) as our application does not ask for details of any specialist technologies behind your product and there is no reason you have to disclose this to us if you’re not comfortable doing so.
We certainly do not want to lose touch! Many firms continue to build on the experience and we have a very active alumni. See firms who have completed the programme here.
Engine offers a range of means to promote your brand, products, activities and insight:
When you first join Engine, you will be included in our Social Media Announcement Campaign across Twitter and LinkedIn, welcoming your firm on board.
Your branding and details will be included on the Engine website as an ‘IA FinTech Member’.
You will be showcased as a solution provider in the Engine ‘shop window’ which includes an advanced search function to allow your proposition to be found quickly by interested investment firms.
There are regular opportunities to feature your events, blogs, reports and thought leadership on the Engine website, email and social media.
To submit content, please log into your account on the Engine website, click My Account and then click on ‘Submit an Article/Event’
If you have any questions or concerns about your Engine membership, please email [email protected] and we will assist you.