The international wealth management house is creating a programme to nuture tech start-ups, a sign of how financial firms are reaching out to such ventures to capture and help develop new ideas.

Schroders, the UK-listed wealth and investment management house, has launched a global “in-residence” programme for tech start-ups, targeting firms that have gone beyond conceptual or early growth stage.

The Cobalt programme, as it is called, gives selected firms direct access to appropriate business divisions within Schroders, resources and potential investment. Applications are now open.  

The start-ups will be assessed against criteria which will look to ensure they are closely aligned with Schroders’ business priorities and culture, as well as identify innovative solutions which will deliver tangible benefits within 12 months, Schroders said in a statement. 

A bespoke arrangement will be agreed between Schroders and participating start-ups, which will base themselves within Schroders, detailing the length and respective terms of the collaboration.