FIF Funding for Diabeto, ORamaVR and Impaakt

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31.03.2022
Team OramaVR

The foundation supporting technological entrepreneurship in the canton of Geneva, Fongit announces the first three beneficiaries of the Fongit Innovation Fund (FIF) for 2022. Diabeto received a grant of CHF 50,000. ORamaVR and Impaakt each received seed funding of CHF 100,000 in the form of convertible loans.

The FIF is the mechanism that aims to foster innovation and the scale up of promising companies from Geneva at the service of the United Nations (UN) Sustainable Development Goals (SDGs). The FIF is supported by the State of Geneva, the Geneva Chamber of Commerce (CCIG) and UN Environment. Three new start-ups secured FIF support:

Diabeto is a biopharmaceutical start-up project spinning off the University of Geneva and based on pioneering expertise in discovery of mechanisms sustaining life without insulin. Its first mission is to advance the preclinical and clinical development of a first-in-class breakthrough therapeutic solution to improve treatment of type-1 diabetic patients.

ORamaVR aims to accelerate the world’s transition to medical virtual reality training by offering an IT software platform called MAGES SDK (Software Development Kit). This platform empowers institutions and developers to massively create high fidelity medical VR simulations eight times faster and for one eighth of the cost relative to current industry standards. These state-of-the-art simulations can thus quickly and more affordably be made available to hospitals, medical device companies, medical schools and medical training centres to train and assess their medical professionals.

Impaakt is made up of a global community of contributors measuring the impact that companies have toward the Sustainable Development Goals. They publish reports on companies to hold them to account for their impact and encourage them to change. By attributing an impact score based on factual data and analyses, Impaakt delivers reliable, unbiased information to guide investors and consumers on who to spend with, invest in or advocate for.

The next deadlines to apply for the FIF are 13 May, 5 August, and 7 October 2022. Learn more on the Fongit Innovation Fund website

(Press release / ES)
Photo: ORamaVR team

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