Fin+Tech, the acceleration programme aimed at startups that develop fintech and insurtech solutions, was born out of an initiative launched by CDP Venture Capital in collaboration with Digital Magics, Fintech District and SIA.
Fin+Tech is a three-year programme that will accelerate 16 startups per year (8 in the fintech field and 8 in the insurtech field) for a total of 48 startups selected according to criteria related to growth potential and the ability to address the key innovation challenges facing financial and insurance companies.
Startups in the pre-seed and seed stages taking part in the Fin+Tech programme will receive startup funding and ongoing support from partners of the accelerator, in a process that will help them to establish their business models. Finally, the best teams will have access to additional funding already allocated by the initiative’s promoters.
Based in Milan, the programme will be managed by Digital Magics, Startupbootcamp and Fintech District, Italy's leading accelerator, Europe's leading accelerator and the largest globally-reaching community for the fintech and insurtech ecosystem in Italy, respectively. SIA, a co-investor and corporate partner of the project from the beginning, will also provide support with its expertise, technology and strong position in the field of open innovation.
The Fin+Tech Accelerator aims to stimulate innovation in a strategic sector of the Italian economy: with this in mind, discussions have begun with the country's institutions and regulators. Following the launch of the regulatory sandbox, which will allow professionals to test innovative solutions with the support of sector-based authorities, the Bank of Italy's innovation centre — 'Milano Hub' —, which the Accelerator is looking at with interest, became fully operational.
Through the Consob Tech working group, which aims to support technological innovation in the fintech sector, Consob as well will serve as a corporate partner in the initiative.
The programme's corporate partners include Anima Sgr, Banca Mediolanum, BNL and BNP Paribas Cardif, Compass, Credito Fondiario, Excellence Consulting, and Reale Mutua Assicurazioni.
The call for applications to take part in the Fin+Tech programme is open at www.finplustech.eu until 15 November 2021.