Fusion, a creation of Polytech Ventures and Switzerland’s first fintech accelerator has opened applications to fintech startups all over the world, specializing in areas such as asset and wealth management, insurance and commodity trading.
The 12-month program which is expected to host between eight and ten start-ups, is aimed at creating a thriving ecosystem of fintech start-ups, which will boost and reinforce Switzerland’s reputation as a financial hub. Fusion takes no upfront equity stake in the start-ups it accelerates, but offers opportunity for start-ups to be mentored by leading companies in their field who will facilitate access to their networks and customers.
According to Guillaume Dubray, Managing Partner at Polytech Ventures, “Switzerland is a leader in both innovation and Financial Services. It is therefore a perfect place to launch a fintech accelerator. Where Fusion hopes to be different from other similar projects and add additional value to its start-ups is by facilitating access to a broad range of corporates and by concentrating on those areas where Switzerland is a world-leader such as wealth management.”
Successful applicants will be relocated to high quality, low-cost premises in Geneva city centre, where sponsors and corporate members will mentor the start-ups, providing testing, data and clients, while funding will be available from Polytech Venture’s specialist incubator fund as well as other venture capitalist firms.
Applications is open until July 15, while the accelerator programme starts October 1 2015. For details on how to apply, visit – Fusion