As of 2023, all selected early-stage startups for the 5-month F10 Incubation Program will each receive an initial investment of CHF 50'000 to advance their solutions. The new offer comes after the launch of the new F10 Incubation Fund, aiming to raise CHF 100 million by the end of next year. The fund is currently being set up with a targeted first closing in December that is already oversubscribed.
The F10 incubation program has supported more than 100 startups in Switzerland alone. Over several months, the program supports Fintech, Regtech and Insurtech ventures with hands-on workshops with business experts and offers them access to its ecosystem comprising industry-leading corporates, mentors, and investors. The support package was designed to enable the cohorts to enhance their product, master go-to-market strategy, and increase the chance of future success.
With the launch of the F10 Incubation Fund, F10 has revamped its offering to include an upfront first investment for each selected startup joining the program. Starting in 2023, the new cohort will each receive a first investment in the mid-5-digit segment. Application for the next F10 Incubation program is open until 13 November.
The F10 Incubation fund will further participate in angel, pre-seed and seed rounds of companies that emerge from the global F10 incubation programs with high growth potential. Also, eligible for the funding are startups with a diverse and ambitious team ready to build a scalable business. The Fund will provide up to CHF 200’000 in these follow-on rounds.
Since opening the fundraising window in mid-2022, the Incubation Fund has already secured anchor commitments from three large financial industry partners. The oversubscribed first closing will be announced in December this year. Fundraising will continue with a roadshow in Switzerland and Singapore to get to the targeted CHF 100M by the end of 2023.
“We have seen already very successful companies emerging from the F10 programs globally, like Yokoy or Stableton. Now we want to support them further and leverage the value we create for them via our innovation ecosystem of startups, corporate partners, investors, and mentors” said Maximilian Spelmeyer, CIO and Managing Partner at F10.
(RAN)
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