Rome, 26 July 2021 - Today sees the launch of a call for applications for the selection of startups wishing to take part in the Fin+Tech (the CDP National Accelerators Network’s fintech and insurtech accelerator) acceleration programme born out of an initiative launched by CDP Venture Capital in collaboration with Digital Magics, Startupbootcamp, Fintech District and SIA.
From today until 15 November 2021, startups in the fields of fintech and insurtech can apply through the website (www.finplustech.eu) to take part in the selection process. Those chosen will be given access to a 4-month acceleration programme, with the support of a network of mentors, sector-specific corporates and venture capitalists.
The project will see startups collaborating with leading companies in the financial and insurance sectors, with the dual aim of developing and perfecting the startups' solutions and accelerating the digital transformation of the companies.
To date, Anima Sgr, Banca Mediolanum, BNL Gruppo BNP Paribas, BNP Paribas Cardif, Compass, Credito Fondiario, Excellence Consulting and Reale Group have already joined the programme as Corporate Partners.
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.
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 banks and insurance companies.
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.
Startups in the pre-seed and seed stages taking part in the Fin+Tech programme will receive startup investments 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 investments already allocated by the initiative’s promoters.
For further information, visit www.finplustech.eu.