Switzerland’s startup competition >>venture>>announced that the Zug-based Veritic was crowned the most innovative early-stage startup in the Finance & Insurance vertical.

>>venture>> celebrated 25 years of fostering Swiss innovation and entrepreneurship on Tuesday evening at ETH Zurich.

The anniversary celebration was highlighted by the 2022 Award Ceremony where >>venture>> doled out over CHF 500,000 in non-dilutive cash to the country’s most promising early-stage startups.

The competition ranked and celebrated the 15 winning startups across 5 different industry verticals after having received a total of 358 business submissions.

The 15 winners were chosen by the C-suite executives that make up the >>venture>> advisory board.

The annual competition will open again for submissions starting October 1, 2022, for their 2023 edition.

First Place Winner: Veritic 

Stephan Holzer and Nicolaj Forderer, Co-founders of Veritic

Veritic develops user-friendly, multi-chain NFT platforms in collaboration with leading institutions, and is based on a highly secure minting and custody infrastructure.

According to Veritic, they work closely with blockchains to enable high-security solutions and push the boundaries of NFT technology.

To achieve their vision of NFTs as part of everybody’s online experience, their work focuses on three key pillars; highly secure institutional-grade minting and custody of NFTs, secure end-to-end compliance process, and new user-friendly NFT platforms.

As the 1st place winner, Veritic was awarded CHF 50,000 and a McKinsey & Company business consulting package to help jumpstart their entrepreneurial journey.

Second Place Winner: Correntics

Correntics was ranked second-place in the competition. The Zurich-based startup helps companies future-proof their supply chains through its specialised software that helps reduce the financial risks from climate extremes and emerging risks in global value chains.

Third Place Winner: Kaspar&

The St. Gallen-based Kaspar& ranked third with its customer facing all-in-one app that includes a Swiss bank account, and an automatic transaction-based round-up mechanism which invests the resulting micro-payments in professionally managed investment strategies.

Check out Veritic’s short video intro here: