F10 FinTech Incubator & Accelerator, a global banking and insurance incubator and accelerator with hubs in Switzerland, Singapore and Spain, plans to form a strategic partnership with New Energy Nexus, an international startup support organisation and accelerator, to foster green and climate fintech startups.
F10 and New Energy Nexus will collaborate to establish the “Green & Climate Fintech Program” with engagement by major corporates on both net-zero commitments and fintech integration.
New Energy Nexus will provide support in the “climate fintech” selection, mentorship, programming, networking, and investment to complement F10’s curriculum in order to bring these solutions to the forefront of digital financial technology and decarbonization.
“The intersection of digital financial technology and the climate emergency is real. Climate fintech can help make net-zero pathways and clean energy more accessible, measurable and bankable.
We’re thrilled to partner with F10 to help bring Climate Fintech innovations to market – enabling both individuals and corporates to save, spend, lend, and invest in ways which put the planet first”,
explained Aaron McCreary, Climate Fintech Lead at New Energy Nexus.
Andreas Iten
“There is immense potential and a strong use case for green & climate fintechs in the market.
Together with New Energy Nexus we can create the perfect environment for these cutting-edge startups to thrive and positively impact the global financial sector”,
added Andreas Iten, Co-Founder of F10.
To bolster this effort, F10 has extended their current open call for startup applicants which fit this green theme.
The application window for F10 Zurich Incubation Batch VII will be extended from Feb 26 to March 9, 2021 for green and climate fintech, insurtech, regtech and deep tech startups.
Startups accepted into the program will benefit from up to CHF 15,000 of expense coverage and CHF 150,000 in funding, fintech and climate accelerator curriculum and startup support services as well as a roster of mentorship around subject-specific ESG, carbon, and energy problem-solving.
Additionally, they will receive exposure to corporates interested in cutting-edge startups dedicated to carbon neutrality and open innovation in the fintech space and access to a large network of fintech and ClimateTech VC and angel investors.
The New Energy Nexus Climate Fintech Report can be found here.
Featured image credit: Edited from Unsplash
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