Fin + Tech is thrilled to announce that the call for application is open and you can now apply for the second round of accelerator program.
Sponsoring Agency: CDP Venture Capital SGR
Type of Fund: Accelerator, Incubation, Mentorship and/or Training
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 09/18/2022
Size of the Fund: USD $50,000 to $500,000
Apply now for the Fintech Acceleration Program!
Fintech and Insurtech are among the areas where technology is most rapidly impacting both the processes and products of banks and insurance companies as well as the experience of their business and retail customers.
To ride this wave contact the Fin + Tech accelerator, promoted by specialists and pioneers of Fintech and again Insurtech in Italy and Europe able to better understand the pecularities and potential of your innovation offering you unique support during an intense 4 month program.
Focus Areas
Fintech
- They work with fintech and insurtech startups in the MVP / prototype phase, with first traction metrics and scaleups interested in our ecosystem and in accelerating their growth. They embrace all areas of fintech and insurtech innovation, both ‘client facing’ solutions (retail, Small Business and Corporate) and B2B platforms for the digital transformation.
- Banking
- Payments
- Investment
- Financing
- Infrastructure – Enabling Technologies – Cross Service
- RegTech
- Platform
- Business Tools
- Data & Analytics
Insurtech
- Main Focus Area
- Life & Health
- Property & Casualty
- New Digital business model
- Insurance value chain optimization
- Claims management
- Infrastructure – Enabling Technologies – Cross Service
- Regulatory Tech
- Platform
- Business Tools
- Data & Analytics
Format
- Each year they will carry out a national and international scouting of the best projects that address the main themes of innovation for the banking and insurance sectors together with the managers of our Corporate Partners and our wide network of experts.
- 16 teams will be selected for each of the 3 cycles provided both for the proposed solution and the entrepreneurial attitude of the team.
- The startups chosen after the Selection Days will follow an intense acceleration path – partly virtual and partly in presence at our campuses in Milan – lasting 4 months during which they will work on a daily basis with our teams, take part in dozens of masterclasses with industry experts, collaborate with our Corporate partners and interact with multiple investors.
- Dedicated mentors will support the teams to strengthen the product and model, refining the metrics, perfecting pitches and preparing the startup for the entry of investors.
Benefits
- Top Corporate Partners
- The involvement of the main companies in the banking and insurance sectors to experiment together the proposed solutions
- An intensive accelerator program
- A four-month acceleration program, with a track record helping entrepreneurs design and build scalable businesses
- Fin+Tech Follow Up
- An already committed follow-up investment of at least € 150k for the best performing startups
- Initial investment
- A total package of € 150k in cash and services
- Lectures & Masterclasses
- A calendar full of Masterclasses held by leading managers and sector experts covering all the fundamental aspects for the development of a startup, from product economics to business development and fundraising, combined with insights on the reference sectors (eg. services for SMEs, regulatory best practices).
- Mentorship and strategic consulting
- Coaching and strategic consulting with the accelerator team and dedicated mentors, for practical and specialized support on understanding how to face the market and prepare for investment.
- Alumni Program
- For an ongoing post-program support, to face the challenges of growth and fundraising together.
- Co-Working Space
- Co-Working Space at Digital Magics and Fintech District in Milan, the place-to-be for the fintech community in Italy.
- Network & Community
- Digital Magics, Startupbootcamp and Fintech District have supported the growth of more than 5,000 founders all of whom can offer valuable advice and collaboration
- Perks & Discounts
- More than € 500K in exclusive deals with leading technology partners (e.g. Amazon, Google, Stripe, HubSpot, SendGrid), payments, legal and compliance, insurance and human resources
- Industry events
- The opportunity to participate, in favorable conditions, to the numerous national and international events regarding Fintech
- Investor Day
- A dedicated event during which to meet active investors in the sector as well as companies, mentors and members of the press
- Activities and investments
- If you are among the startups that will be selected for the program, you will benefit from an initial package of services and investments worth approximately € 150k, and the connection with a wide network of leading companies in the sector plus mentors and investors.
- Network & Advisory
- Digital Magics, Startupbootcamp and Fintech District are recognized as the main global and Italian early-stage investors in fintech and insurtech, with around 300 startups in their portfolios, plus € 370M raised via startups and 14 exits.
Eligibility Criteria
- The program is aimed at start-ups in the MVP / prototype phase, prime traction on the market and scale-ups operating in one of the key sectors and segments listed here (Fintech and Insurtech).
You can apply even if you have not yet established your company, provided the company will be established within 2 months of joining the program.
More information at: https://finplustech.eu/en/fintech/
Eligible Countries:
Italy
Business Categories:
Business, Finance and Accounts, Retail, Fintech, Startups
