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Our programs
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Incubator

Nordics Pre-Seed Incubator Batch 4

August to December 2024
Nordics

Receive EUR50k initial investment to build your venture. Join the leading pre-seed incubator for exceptional founders and scalable ideas, with a special focus on impact and sustainability.

Come build your venture with Tenity, the leading incubator dedicated to exceptional founders creating the future of finance. If you are passionate and motivated entrepreneur, who has the drive and ambition to make your startup a success, we at Tenity will help you get there faster!

We are looking for founders across all areas of Fintech and Insurtech, but also for Deeptech with a solution or use case for the financial industry.  Furthermore, in theNordic & Baltic program, we have an extra focus on impact, sustainability and climate fintech solutions, where we add on special breakout sessions for these startups, capturing the unique position the Nordic & Baltic region possess within sustainability.

We invest EUR 50K in the startups selected for the program, in exchange for an equity stake of 2.5% and program participation fee of EUR 10K. In addition, we may invest in your subsequent financing rounds according to the Tenity Deal.

The decision on the follow-on investment is separate from the initial investment and will be evaluated case-by-case. If applicable, we might invest in your following financing round approx. EUR 250K.

Deadline: May 24, 2024

What
Pre-seed intensive hands-on incubation program with masterclass weeks spread out over the 4 months.
When
The program starts in August and runs through December 2024. Applications open soon.
Where
In our hub in the Nordics & Baltics, with Tallinn (Estonia) as a base.

Benefits

EUR 50k pre-seed investment

Receive EUR50k initial investment in exchange for a 2,5% equity stake and a program participation fee of EUR10k. In addition, we may invest in the following rounds.

Laser-focus on Fintech & insurtech

We live and breathe Fintech and Insurtech and know what it takes to succeed. We've worked with more than 250 startups in this space.

Access our investor network

Our program gets you investment ready and in front of our global investor network.

More than 200 world-class mentors

Over the past seven years, we've built a specialized network of over 200 mentors and experts that are happy to support exciting ventures and ambitious founders.

Some of our success stories

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Focus topics

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What we'll cover

Each Masterclass has a main focus, but will also cover other important topics for your development.

Masterclass 1

Value Proposition & Prototyping

Topics include: Value Identification, Problem Validation, Business Models, Business Prototyping, Business Models, Co-Founding, and more.
Masterclass 2

Fundraising & Structure

Topics include: Startup financing, fundraising, co-founding, advisory board, regulation, and more.
Masterclass 3

Marketing & Sales

Topics include: Sales, Marketing, PoCs, Negotiation, and more.
Masterclass 4

Product Market Fit & Demo Day

Topics include: Product Market Fit, Negotiation, Pitching, Demo Day, and more.

Requirements

Focused on the financial industry

You are a Fintech, Insurtech, or a RegTech,DeepTech, Web3, Sustainable Finance, LegalTech, or Crypto Finance startup with a solution or use case for the finance or insurance sector.

Early-stage

You are pre-revenue, are in ideation stage, have a prototype or MVP. You do not need to be incorporated before the start of the program.

You have a founding team

Building a startup is hard and we believe that no person can do it by themselves. While you may apply as a solo-founder, you would need to find a cofounder before the program starts, as we do accept teams and not solo founders.

The startups

Meet
the team

Anders Norlin

Anders Norlin

Head of Nordics & Baltics
Kevin Chavanne

Kevin Chavanne

Venture Lead
Uve Poom

Uve Poom

Program Lead

Meet
your partners

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Have questions?

Reach out to our team

Kevin Chavanne

Kevin Chavanne

Venture Lead

FAQ

Am I a perfect fit?

Sector: You are FinTech, InsurTech, RegTech,LegalTech startup or adjacent with use cases for financial industry

Geography: Early-stage investing is local. We are looking for companies from:

CH: DACH, Europe and UK

NOR: Europe and UK

SNG: Singapore and southeast Asia

Team: At least 2 co-founding members (working minimum 80% on the startup) and ideally complementary, who have worked together before.

Maturity: Pre-revenue. You are in ideation stage, have a prototype or MVP .You do not need to be incorporated before the start of the program.

Fundraising: You are pre-seed and plan to raise a funding round within the next 6 to 12 months at a valuation anywhere between CHF2M and, but not more than, CHF4M.

What is the application and selection process?

Step 1: Fill in the application form – it will take only 2-3 minutes – once submitted, you will receive an email confirmation.

Step 2: A few days after the deadline, the teams will be invited to an online info session where you’ll learn more about the program, our terms, next steps and you’ll have the opportunity to ask your questions.

Step 3: The top teams will be invited for our Speed Dating events in one of our hubs, after which we’ll select the final teams that will enter the program.

What are the conditions of the program?

We have a standard deal for all companies joining one of our flagship incubation programs

We invest CHF 50’000 /SGD 70’000 in the startups selected for the program, in exchange for a small equity stake of 2,5% and a program participation fee of CHF 10’000 / SGD 15’000.

The program participation fee is due after receiving the above investment.

In addition, we may invest in a following round.

Do we need to be incorporated and which countries do you accept applications from?

You don’t have to be incorporated when you apply. But you have to incorporate within 30 days from signing the contracts.

For the Zurich program we mainly look for startups coming from the DACH,Western Europe and UK. If you are incorporated in any other country, you can still apply, but you may need to reincorporate in one of the before-mentioned countries to be accepted into the program.

For the Singapore program: we mainly focus on startups coming from Singapore and South-east Asia. For startups coming from other countries in the region, for example Indonesia, Philippines, Vietnam, Taiwan, Thailand, Hong Kong, we are happy to receive your application, but please be prepared to reincorporate in one of primarily mentioned countries in order to be accepted into the program.

For the Nordics & Baltics program we mainly look for startups coming from Western Europe and UK.  If you are incorporated in any other country, you can still apply, but you may need to reincorporate in one of the before-mentioned countries to be accepted into the program.

For questions regarding the locations please contact the scouting team directly at scouting@tenity.com

Do you accept solo founders and who needs to participate in the program?

We don’t accept solo founders, but teams who have minimum 2 cofounders 100% committed on the startup.

The time commitment for the program is 4 weeks in total (1 week per month, for the duration of each masterclass week). At least 2 co-founders must be present during that time.

All co-founders must have astake in the company and represented on the cap table.

My startup is not fintech, can I still apply?

We are looking for  Fintech, Insurtech, or RegTech, DeepTech, Web3, Sustainable Finance, LegalTech, CryptoFinance startups or startups with a solution or a use case for the finance or insurance sector. So even if you don't strictly fall into the Fintech category, if any of the above applies to you, we are happy to see your application!