Application process open for Switzerland's first fintech incubator

Temenos and Polytech Ventures have joined forces to create “Fusion” Switzerland’s first incubator focused on the fintech sector. Drawing on their knowledge of the banking IT sector and developing start-ups, they will network, mentor, refine, advise, help provide syndicated funds and support start-up fintech companies at premises in the heart of Geneva. Polytech Ventures had the original idea and with Temenos they have developed it to the point of launch. Crossing-Tech, the technology integrator and connectivity factory, FTI (part of the University of Geneva), IDIAP (the independent research institute affiliated to EPFL), Safehost and CreaFinance have all signed up to provide funds, expertise or resources.

Fintech start-ups can apply to join the incubator and go through an interview process. Successful candidates will be relocated to high quality, low-cost premises in Geneva city centre. 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. The end result will be commercial partnerships and investments. Academic partnerships, in particular with the Ecole Polytechnqiue de Lausaanne, one of Europe’s top 10 engineering universities, will provide additional technological resources while a PR strategy will bring visibility and exposure.

Application process is now open. Start-ups can apply through http://www.fintechfusion.ch until June 15. The incubator is open to start-ups from all over the world.