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Fin+Tech, the Call of the Fintech and Insurtech Accelerator Reopens in May

In order to participate in the Fin+Tech program, it is necessary to be a European startup with interests and relapses in the fintech or insurtech field: the condition to be selected, in addition to the solidity of the business model and of the solution conceived, must be to be already resident or to be willing to relocate the legal and operational headquarters of one’s startup in Milan.

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Hundreds of applications were collected in 2021, a first cycle that ended with 16 selected startups and a demo-day last April. Now, the second edition of Fin+Tech, the acceleration program created by CDP Venture Capital in collaboration with industry stakeholders Digital Magics, Startupbootcamp, Fintech District, Nexi, and Credem, is taking place.

An initiative designed to promote the role of Milan as a hub for the growth of insurtech and fintech startups to which this initiative is dedicated, so as to make it a pole of attraction at the European level: a result already partially achieved in the first edition, which saw a half of the applications coming from abroad, and that now will be repeated in this second iteration.

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What is Fin+Tech

The idea behind the accelerator set up by CDP Venture Capital and its partners is part of a broader framework, which since the creation of the National Innovation Fund has distinguished the action of this program: to support and mutually nurture the action of public and private sectors, working together to co-invest in new businesses in order to make the entire ecosystem make a significant leap forward. In the more specific case of Fin+Tech, which is only one of this galaxy of accelerators that are part of a true national network, we are talking about an investment package of up to 300 thousand euros, including support for business development by the promoters of the initiative.

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In order to participate in the Fin+Tech program, it is necessary to be a European startup (established or in the process of being established), with interests and relapses in the fintech or insurtech field: the condition to be selected, in addition to the solidity of the business model and of the solution conceived, must be to be already resident or to be willing to relocate the legal and operational headquarters of one’s startup in Milan. As mentioned, the complementary objective of Fin+Tech is also to support Milan (and Italy in general) as an ideal location to found and grow a new company: in particular in the fintech sector.

Fin+Tech, second edition

Now in its second cycle of selection, Fin+Tech will start on May 31 the call for application for the selection of new startups: the call will be extended until September 2022, thus ensuring many weeks to prepare and submit your application. An important list of partners: Anima Sgr, Banca CF+, Banca Mediolanum, Base Digitale, BNL Gruppo BNP Paribas, BNP Paribas Cardif, Compass, Credem, CRIF, Net Insurance, Nexi and Reale Group, to which Intesa Sanpaolo will be added for the second cycle. The technical partners of the program are: Studio Legale Ferrari Pedeferri Boni (FPB), ItaliaFintech, Italian Insurtech Association, Swiss Insurtech Hub, and Consob Tech.

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(Featured image by Aymanejed via Pixabay)

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First published in StartupItalia, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Desmond O’Flynn believes in minimalism and the power of beer. As a young reporter for some of the largest national publications, he has lived in the world of finance and investing for nearly three decades. He has since included world politics and the global economy in his portfolio. He also writes about entrepreneurs and small businesses, as well as innovation in fintech, gambling, and cannabis industries.