F10, the fintech incubator founded by SIX, is offering a six month acceleration program to 20 fintech teams/startups. A coach from the F10 team and an external mentor will support the teams in transforming their prototypes into commercial products. Registration is now open.
F10 is a Fintech incubator and accelerator that supports and guides startups in transforming their ideas into successful companies while stimulating worldwide collaboration with international finance organizations. The accelerator already has a proven track record of innovation, acceleration and creating products for future financial services. F10 is sponsored by SIX, the backbone of the Swiss financial center providing a comprehensive range of services in the areas of securities trading, settlement of securities transactions, financial information processing, and cashless payment transactions.
Twice a year, F10 offers a six-month “Prototype to Product (P2)” program to 20 promising teams/startups to transition their prototype into a sellable product. The teams gain access to the working space at F10 in Zurich and at Fusion in Geneva. Coaches from the F10 team as well as external mentors will be allocated to each team to support them and ensure that they achieve their milestones. The first badge will begin in November 2016 and will end in April 2017.
The program is designed for international teams/startups with a prototype in FinTech, RegTech, or InsuranceTech. The startup does not need be incorporated or complete in order to participate in the program, however, a prototype that addresses the needs of potential customers is required.
During the six months, the teams will attend lessons and workshops grouped into five units; Vision, Team & Strategy, Business, Product & Technology, Marketing & Sales, Legal & Regulations and Demo Day & Graduation. Coaches and mentors will be present to ensure that the teams are on the right track. This program can be partially done online/off-site with only certain dates requiring actual on-site presence and only one member of each founding team may be present at the location in Zurich. SIX will cover travel expenses with a 15’000 CHF reimbursement for each team upon achieving their determined milestones.
By the end of the program, teams/startups will have gained in-depth experience of all aspects of the financial industry and top level access to big financial players, they will have access to F10’s global network of banks benefiting from SIX services, regulators, angels and venture capitalists. Participation is free and F10 does not take equity in the startups.
Registration is open until 7th October 2016.
(Picture: F10 Facebook)
(RAN)
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