Goldman Sachs had 500 teams of employees pitch startup ideas — then picked the 5 best to fund

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Goldman Sachs had 500 teams of employees pitch startup ideas — then picked the 5 best to fund
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In March, 500 teams of employees pitched their startup ideas to Goldman. In October, five winners were selected to receive funding from the bank.

In March, 500 teams of Goldman Sachs employees pitched the bank their startup ideas, according to CNBC. The GS Accelerate program selected five winners in October to be funded by the firm. Those select teams get two years away from their previous responsibilities to build out their businesses. The program keeps innovation all in the Goldman Sachs family. Read more on Markets Insider. Goldman Sachs is trying to keep innovation in the family.

In March, 500 teams of Goldman Sachs employees pitched the bank their startup ideas, according to CNBC. The GS Accelerate program selected five winners in October to be funded by the firm. Those select teams get two years away from their previous responsibilities to build out their businesses. The program keeps innovation all in the Goldman Sachs family. Read more on Markets Insider. Goldman Sachs is trying to keep innovation in the family.

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