Supporting the FinTech startup ecosystem
Launched in 2011, Innotribe Startup Challenge’s mission was to bring visibility to activities at the edges of our ecosystem, highlighting the importance of these new emerging companies called startups and their revolutionary way to think and work. Over the years, the Startup Challenge has become one of the leading global startup competitions, connecting the financial services industry with more than 650 FinTech startups around the world and reaching over 4,000 audience members through global showcases and networking events.
Since 2016, the Startup Challenge supports the emerging FinTech ecosystems, moving from a global competition to a local programme supporting innovation where demographic trends, economic growth and regional integration projects are creating fertile ground for new technologies to emerge.
What are the benefits for startups?
- receive coaching and mentoring from renowned experts from the global FinTech scene
- get the opportunity to meet financial industry executives and potential investors
- be one of the 12 startups to join our showcases – we will cover your travel and expenses up to 2,000 USD
- perform at your best during the showcase and get a chance to receive a 10,000 USD cash prize and tickets to attend Sibos, the world’s premier financial services event.
Innovation on the rise: Africa and Russia
In 2017, Innotribe will return to Africa for the third consecutive year. The warm welcome from the community and enthusiasm from startups have been essential in building solid foundations for the programme in the region. Once again, Innotribe will partner with SWIFT’s African Regional Conference (ARC), organised from 16-18 May 2017 in Abidjan, Ivory Coast. The Startup Challenge will take place on Wednesday 17 May in the afternoon.
For the first time, Innotribe will also bring the Startup Challenge to Russia. The local innovation ecosystem already includes some notable players and has a great potential to further develop a stimulating environment for FinTech startups, not only in Russia but also in the neighbouring CIS countries. Innotribe will partner with the ROSSWIFT (Russian National SWIFT Member and User Group), namely including the Bank of Russia, the National Settlement Depository, Sberbank, and Alfa-Bank. The Innotribe Startup Challenge showcase will be organised during the International Financial Congress (IFC), Russia’s largest international financial forum hosted by the Bank of Russia, taking place from 12-14 July 2017 in St. Petersburg.
Applications for the 2017 Startup Challenges will open in the coming weeks. Stay tuned!