Tech companies with applications in banking and insurance offer new options to the finance industry to adapt to new customer needs, by reducing costs and making financial products available to new customer segments. Agile FinTech Startups are addressing the needs of the clients of tomorrow, entering markets that had been the exclusive realm of traditional banks, insurance industry and financial institutions for decades.
F10 is the global innovation ecosystem creating the future of banking & insurance. We strongly believe that established institutions should collaborate with disruptive Startups instead of competing. The F10 acceleration program is a fantastic opportunity for FinTechs that are looking to partner with our international corporate partners, such as SIX, Julius Baer, Generali, BME, Renta 4.
The three-month program is centered in optimizing the open innovation process between startups and corporates. With on-demand masterclasses based on startup needs, investor matchmaking, as well as access to our global mentor network. Startups are selected based on specific open innovation challenges of our corporate partners published on our website.
Here are five reasons for your Startup to apply for the F10 Acceleration Program:
One of the main hurdles for tech companies looking to scale their business is finding reliable partners for pilot projects. F10 Accelerator Program facilitates pilot programs with established players in the financial industry, across our hubs in Switzerland, Singapore, and Spain.
The program kicks off with a speed dating event to meet our corporate partners, followed by 1-on-1 workshops to facilitate collaboration.
We will also create a 360° evaluation for each of the participants that attests your ability and maturity to collaborate with incumbents and is an ultimate certificate of trust.
Before launching the application period for scale-ups, we work intensively with our corporate partners to identify challenges they are looking to solve in collaboration with startups.
The goal is to select three startups for each challenge and explore use cases between the startups and the corporate partner. This process increases the opportunity to establish a successful pilot or Proof of Concept (poc).
True collaboration includes offering opinions and being open for other perspectives. According to an article by the platform Entrepreneur, most successful entrepreneurs are not only good at sharing information and ideas. They are eager for the opinions and reviews of others and include the best ideas of others into their own thinking.
Startup entrepreneurs have the chance to brainstorm and get direct feedback on their products or services from potential customers or partners.
We can also make individual intros to potential partners and investors globally.
In every handbook on how to develop and promote businesses, the importance of networking is emphasized.
A Google search with the keywords “business networking” produces more than 970 million results today.
The importance of networking events are a valuable way to learn from other startups, industry experts and investors, to connect with people and build relationships, raise your profile, and increase confidence.
The F10 Accelerator is an ideal opportunity for you to connect not only with potential customers or partners, but also with the most relevant FinTech players and institutions. F10 has become an obligatory stop for FinTech delegations, regulatory bodies, and investors from all over the world. In addition, more than 200 international Startups in the FinTech, InsurTech companies and RegTech companies space are part of a growing F10 Community.
During the program, F10 will facilitate an ecosystem day with 1:1 session between Startups and Mentors. This will help with subject-matter-expertise and introductions to corporations beyond the F10 community.
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During our masterclass, the startups in the accelerator program can enhance their knowledge and ability about topics of their choosing. We will ask the selected startups about their needs and organize exclusive sessions with experts from our wider ecosystem. Learn from the renowned F10 startup coaches, Industry Experts, as well as other entrepreneurs from all over the world.