[ad_1]
by Fintechnews Switzerland
December 20, 2023
Switzerland’s startup competitors >>enterprise>> is inviting early-stage fintech and insurtech startups to use for its 2024 version which is now open for submissions till 28 February 2024.
Co-organised by ETH, McKinsey & Firm, Knecht Holding, Innosuisse and EPFL, >>enterprise>> has grown to change into a cornerstone of the Swiss startup panorama because it was based over 25 years in the past in 1997.
It’s value noting that >>enterprise>> takes no fairness, curiosity or charges from these taking part and/or profitable the competitors.
Members will obtain vital monetary incentives, together with non-dilutive money prizes totaling almost CHF 600,000, with a Grand Prize of CHF 150,000.
The competitors offers networking alternatives by opening doorways to a wealthy community of business contacts. Winners of the competitors acquire vital publicity within the ecosystem and media, enhancing their visibility.
Moreover, finalists profit from mentorship and coaching, together with pitch coaching workshops and individualised suggestions from mentors. They will even have entry to a wealth of experience by means of invaluable insights from the advisory board.
>>enterprise>>’s Advisory Board for the Finance & Insurance coverage vertical
Who Can Take part within the 2024 Version?
How the Competitors Works
The >>enterprise>> competitors welcomes a big selection of members, particularly these on the early phases of their startup journey. Whether or not you’re nonetheless fine-tuning what you are promoting thought or have already made strides with prospects and funding, >>enterprise>> is a chance to take your startup to the following stage, offered you’re based mostly in Switzerland or plan to ascertain what you are promoting there.
Here’s a 5-step information on how one can apply for the >>enterprise>> competitors in keeping with its playbook:
Submit Your Startup Plan: An in depth 10-20 web page PDF doc outlining what you are promoting on the >>enterprise>> web site as a pitch deck which shall be reviewed by the jury. Based on >>enterprise>>, each single participant will obtain extremely helpful written suggestions from 3 completely different jurors. Upon request, each applicant additionally receives a CHF 300 voucher legitimate for IP analysis on the Swiss Federal Institute of Mental Property.
Jury Spherical 1: The highest 10 finalists shall be chosen for the “Finance and Insurance coverage” vertical based mostly on the submitted plans. As a finalist, these startups will get entry to the >>enterprise>> mentors. They will even be capable to refine their pitching expertise by taking part in a pitch coaching session held by McKinsey & Firm communications specialists and traders.
Jury Spherical 2: Following a pitch to the jury throughout spherical two, solely 3 startups shall be chosen from the ten finalists to maneuver on. At this stage, every startup has already bagged the non-dilutive prize cash of no less than CHF 10,000.
Winner Rating: The competitors will culminate in a pitching session in entrance of top-level leaders of established not-for-profit organisations from >>enterprise>>’s advisory board. >>enterprise>> advises startups to share their long-term imaginative and prescient alongside sensible short-term subsequent steps in addition to offering key figures through the pitch. The profitable startup receives CHF 50,000 and a McKinsey consulting package deal, whereas the second-place finisher is awarded CHF 20,000, and the third-place receives CHF 10,000.
Grand Prize Awarded: The highest winners from every of the 5 verticals pitch once more to your complete advisory board for an opportunity to win a further CHF 100,000 and the coveted Grand Prize. The final word Grand Prize winner will obtain a complete of CHF 150,000 together with a complete enterprise consulting package deal from McKinsey & Firm.
2023 Winners from the Finance & Insurance coverage Vertical
1st place: Frigg (Zug)
Streamlining sustainable finance processes for small to mid-sized renewable vitality builders, decreasing handbook efforts and prices.
2nd place: Grape Well being (Zurich)
Offering totally digital worker insurance coverage that prioritizes bodily and psychological well-being, investing in preventive providers for more healthy groups.
third place: Ascentys (Courroux)
Automation of ESG evaluation and reporting for firms, simplifying the method and enabling actionable stories.
Fintech Information Switzerland bought the chance to talk with these three high winners on the >>enterprise>> startup competitors to grasp their journey and their function in shaping the way forward for fintech and insurtech within the nation.
Submit Your Thought Right now for the 2024 >>enterprise>> Version
The >>enterprise>>competitors is likelihood for to refine what you are promoting idea by means of entry to an intensive mentor community the place you’ll obtain knowledgeable suggestions, and stand the prospect to safe funding to kickstart your startup.
Furthermore, the >>enterprise>> competitors goals to assist your startup journey by serving to you rigorously consider your marketing strategy to determine and tackle any weaknesses promptly, develop a sensible implementation technique, and create a complete doc that shall be pivotal in your communications with traders and strategic companions.
Apply right here for the >>enterprise>> 2024 version which shall be open for submissions till 28 February 2024.
[ad_2]
Source link
