Fusion, the Swiss FinTech accelerator, has opened the application process for the 2nd batch of startups for the program starting in October 2016
On March 31st, Fusion announced that it has opened the application process for its second intake of financial technology startups. Ambitious startups have until June 12th to apply for a place in the accelerator, which will start 2nd class program in October this year.
Fintech Fusion is a 12-months acceleration program offered to about 10 FinTech startups per year that enables them to move from a beta product to revenues. The program includes workshop and trainings, supported by a network of mentors, experts and partner companies that provide startups with the resources they need to accelerate their development.
The first batch of startups, coming from all over the world, is currently in the middle of the program and by now, have already generated a couple hundreds of thousands of Swiss francs in turnover thanks to Fusion.
Matthias Vanoni, CEO of Biowatch, who is taking part in the first class, said: “Fusion is a decisive turning point in the development and growth of our company!”. Marcelo Garcia Casil, from DXMarkets, based in Singapore, added: “Fusion is an outstanding program, helping us to refine our go-to-market strategy and to accelerate our revenue growth”.
The aim of Fusion is to create a thriving ecosystem of FinTech startups, which will boost and reinforce Switzerland’s reputation as a financial hub. Unlike most accelerators, Fusion takes no upfront equity stake in startups it accelerates. Fusion’s unique multi-sector and multi-partner approach, brings together a broad group of stakeholders: corporate members such as Temenos, Notz Stucki, Swisscard and BNP Paribas; resource partners, such as Capco, id est avocats, Kudelski Security; and academic partners, including IDIAP, Heig-VD and HEG Genève.
Guillaume Dubray, founder of Fusion and Managing Partner at PolytechEcosystem Ventures, commented: “We are pleased to see the positive results Fusion is generating. And we are very keen to discover and interview the future startups of our second batch.”
Fusion is accepting applications from startups from all over the world, not just Switzerland. Applications are made through the accelerator`s website and must be made before June 12th in order to qualify for the intake of 3rd October. Fusion expects to host about 10 startups for its 12 months programme and is especially interested in B2B companies working in areas such as asset and wealth management, blockchain, risk management, cybersecurity and data privacy, as well as insurance and commodity trading. To qualify for Fusion, startups need to have a working prototype and have a big market potential.
For further information you may contact the program manager, Sébastien Flury (+41 78 822 96 47; email@example.com)