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F10 FinTech
Incubator
& Accelerator
Q & A Session
Thomas Landis / James Sanders
Head of F10 / Startup Coaches F10
A Dozen Reasons Why Startups Fail
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
1. No funding
2. Poor team
3. Poor product
4. Bad timing
5. No customers
6. Competition
Here is where F10 FinTech Incubator & Accelerator helps!
7. Lack of focus
8. Lack of passion
9. Bad location
10. Not profitable
11. Burn out
12. Legal issues
F10 FINTECH INCUBATOR & ACCELERATOR
Corporate Members – Q1 2018
Lead Sponsor & Operator Platinum Member
Gold Member Gold Member
Platinum Member
Platinum Member Platinum MemberPlatinum Member
Platinum Member
Q & A Session
F10 is Located in Zurich – Switzerland in the Heart of Europe
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
F10
F10 is Located in the Heart of Zürich
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
F10
Program Framework
Idea To Prototype (P1) Prototype To Product (P2) Product To Market (P3) Member Roundtable
F10 FINTECH INCUBATOR & ACCELERATOR
Product Development, Go To Market & Market Growth
Open Innovation Funnel
Q & A Session
Program Framework
Idea To Prototype (P1) Prototype To Product (P2) Product To Market (P3) Member Roundtable
F10 FINTECH INCUBATOR & ACCELERATOR
Product Development, Go To Market & Market Growth
Open Innovation Funnel
Q & A Session
Week 5 April 6-9
FINALIZE BUSINESSPLAN, LAUNCH
MVP, DEMO DAY & GRADUATION
Week 4 March 9-13
GET READY FOR INVESTORS
LEGAL & REGULATIONS
Week 3 January 20-24
PRODUCT / MARKET FIT
MARKETING & SALES STRATEGY
Week 2 December 2-6
PROBLEM / SOLUTION FIT
BUSINESS, PRODUCT & TECH.
Week 1+2 October 21 – November 1
UNDERSTAND THE CUSTOMER
PROBLEM, VISION, TEAM,
BUSINESS MODEL
P2 – Schedule 2019/2020
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
P2 – Program Details
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
6 Months (October 21– April 9)
For teams with great first prototypes, to create a minimal viable product
Lessons and workshops into five units for a total of 30 days
Access to Corporate Sponsors, Banks, members and mentor network
CHF 15’000.– reimbursement for each team, if Milestones are reached
F10 Core Team
Q & A Session
F10 Association Board Members
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
F10 Mentor Community
>60 mentors
Q & A Session
P2 – Criteria for Startups
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
Teams / Startups with a prototype (Click version or good PowerPoint are ok)
Real problem has been identified and validated
At least 2 team members working 100% on the project & present during Masterclasses
in Zurich-Switzerland
Online participation of the program is possible, but presence during the
6 training weeks in Zurich is mandatory
F10 FINTECH INCUBATOR & ACCELERATOR
21 Oct – 1 Nov
Program Launch
Masterclass 1
Week 1+2
2-6 December
Masterclass 2
Week 8 20-24 January
Masterclass 3
Week 12
9-13 March
Masterclass 4
Week 19
6-9 April
Demo Day
Masterclass 5
Week 26
2019
Key Dates
Deadline - June 2
Application Period
25 Jun – 2 Jul
Online Interviews
(top 60)
22-23 August
Speed Dating
(top 25)
13 September
Top 15
Selection
2020
Q & A Session
F10 Acceleration Lifecycle / Roadmap 2018
Ideation Problem/ Solution fit Product/Market fit Launch MVPStage
Goal
Action
Output
Masterclass
Key Topics
Milestones
Get in Love with
the customer problem
• Start Program
• 2 Week Masterclass
• Project mgt. basics
• Understand the customer
• Reduce risks
• Accelerate the idea
• Vision, mission
15 customer
problems understood
Week 1 + 2
Demonstrate that idea
represents a problem
worth solving
• Develop & test prototype
• Validate problem / solution fit
• Understanding customer
forces
• Prototyping
• UX design basics
• Business model
• Strategy
Customer problems and possible
solutions validated
Week 8
• Customer problem validated
• Clear vision, mission
• Risks identified & mitigation
planed
Demonstrate business model
is working on a small scale
• Further validate problem /
solution
• Test business model with
market
• Marketing, branding &
communications
• Getting investment ready
• Market regulations
• Contribution margin calculation
Solutions tested with the
market
Week 12
• Validated prototype with customers
• Validated business model
• Unique value proposition
• Clear picture of MVP
Win first paying customer
Run proof of concept with
corporate partner
• Finding the needed
investment
• Launch MVP on the market
• Go to market strategy
• Investordeck
• Investorday
• Demoday
MVPs launched
Week 17 + 26
• MVP development planed &
started
• Customer acquisition planed &
started
• Investor Deck finished
• Business plan & case finished
• LOI with Corporate Partner
signed
F10 Acceleration Lifecycle / Roadmap 2018
Ideation
Trend Workshop
with each Corporate
Member
Startup
Selection
Startup
Scouting
Trend
analysis
Problem/
Solution fit
Product/
Market fit
Launch MVP
Stage
Goal
Action
Understand the
important &
maturity of Key
Trends
Output
FinTech Trend
Report
Scout active for
the Startups
working on the
relevant Trends
Find the right
Startups
50 Startups
short listed
• Invite 30 Startups for
speed date
• Corporate Partners
select Startups
Pick the right
Startups
15 best fitting Startups
Masterclass
Key Topics
Milestones
Get in Love with
the customer
problem
• Start Program
• 2 Week Masterclass
• Project mgt. basics
• Understand the
customer
• Reduce risks
• Accelerate the idea
• Vision, mission
15 customer
problems understood
Week 1 + 2
Demonstrate that idea
represents a problem
worth solving
• Develop & test
protoype
• Validate problem /
solution fit
• Understanding
customer forces
• Prototyping
• UX design basics
• Business model
• Strategy
Customer problems and
possible solutions validated
Week 8
• Customer
problem validated
• Clear vision,
mission
• Risks identified &
mitigation planed
Demonstrate business
model is working on a
small scale
• Further validate problem /
solution
• Test business model with
market
• Marketing, branding &
communications
• Getting investment ready
• Market regulations
• Contribution margin
calculation
Solutions tested with
the market
Week 12
• Validated prototype with
customers
• Validated business model
• Unique value proposition
• Clear picture of MVP
Win first paying
customer Run proof of
concept with corporate
partner
• Finding the needed
investment
• Launch MVP on the
market
• Go to market strategy
• Investordeck
• Investorday
• Demoday
MVPs launched
Week 17 + 26
• MVP development planed &
started
• Customer acquisition planed
& started
• Investor Deck finished
• Business plan & case
finished
• LOI with Corporate
Partner signed
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
What kind of Startups is F10 looking for?
We focus on early stage FinTech, RegTech and InsurTech Startups
from all over the world.
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
What is the offering for the Startups?
We help the Startups to further develop their product and launch it
on the market.
We reimburse a total of CHF 15’000.– expenses for each Startup (if
they reach the milestones).
We offer free office space in Zurich – Switzerland for 6 months.
We put you in the spotlight for 6 months and open doors for you.
We connect the Startups with the C-Levels of the Corporate
Partners.
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
6 months is very long time for an Accelerator Program.
Our goal is that the Startups find their first paying customer; and we
know from our experience that working with Banks and Insurances
takes quite some time.
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
Why is F10 not taking any equity?
Two reasons:
1) We are a non-profit organization. Our Corporate Partners mainly
want to learn about the technologies, the business models and
launch Products together with the Startups.
2) We want to coach the Startups as good as possible and help
them to bring the best possible solution to the market. We believe
that if we would invest money in you, we couldn’t do that.
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
Is F10 investing in Startups?
F10 has the option to issue a Convertible Note in the Startup during
the Program
At the next financing round of the Startup, the convertible converts
into equity with a cap of CHF 255’000
The Startup has the ability to rate the F10, the Program and the
Coaching to determine the convertible amount
The performance rating will take place after the deliverables of each
milestone
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
How does it work with the Masterclasses?
At least two co-Founders from your Startups must be in Zurich
during the Masterclass Weeks (6 Weeks).
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
Do you help Startups with getting a Visa for Switzerland?
F10 can not help the Startups to get a visa for Switzerland.
Therefore the Teams only have to be present in Zurich for 6 weeks.
Startups should be able to attend this 6 weeks with a tourist or an
education visa.
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
What kind of trainings does F10 provide?
Many different like; Pitch Training, Structuring your Value
Proposition, defining you Vision, Team Building, User Experience,
Marketing, Founding and Funding a Company in Switzerland, Legal
and Regulatory etc.
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
Not all of us are working 100% on the project is that a problem?
We only pick 15 Startups per batch. During the 6 month we help
them night and day with our heart and soul to be successful. Since
we give are all for the success of the Startups, we expect the
Founders to work fulltime on the project. Therefore we only accept
Startups where at least two persons work 100% on the project.
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
We already have an MVP, can we still apply?
If the Startups is willing to question their launched product, and if
needed to pivot the product, then we can also accept teams who
have already launched their product.
Nevertheless our main focus is on very early stage Startups who
have at least a validated prototype.
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
We are not incorporated, is that a problem?
Not at all. We help you to get incorporated in Switzerland.
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
How does the selection process work?
1) Applications will close on June 2nd
2) F10 invites Top60 for an Online Interview (25th June – 2nd July)
3) F10 selects Top25 for 2-Day Speed Dating in Zurich (22nd – 23rd Aug)
4) Corporate Partners from F10 select Top15 for Program
5) Program starts October 21st in Zurich - Switzerland
Frequently asked questions
F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
How do I apply?
Go to www.f10.ch and apply for it until June 2nd.
Great to have you
on board!
Please contact us for any further information
thomas.landis@f10.ch / james.sanders@f10.ch / lisa.Schroeder@f10.ch

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F10 info batch 5

  • 1. F10 FinTech Incubator & Accelerator Q & A Session Thomas Landis / James Sanders Head of F10 / Startup Coaches F10
  • 2. A Dozen Reasons Why Startups Fail F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session 1. No funding 2. Poor team 3. Poor product 4. Bad timing 5. No customers 6. Competition Here is where F10 FinTech Incubator & Accelerator helps! 7. Lack of focus 8. Lack of passion 9. Bad location 10. Not profitable 11. Burn out 12. Legal issues
  • 3. F10 FINTECH INCUBATOR & ACCELERATOR Corporate Members – Q1 2018 Lead Sponsor & Operator Platinum Member Gold Member Gold Member Platinum Member Platinum Member Platinum MemberPlatinum Member Platinum Member Q & A Session
  • 4. F10 is Located in Zurich – Switzerland in the Heart of Europe F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session F10
  • 5. F10 is Located in the Heart of Zürich F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session F10
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16. Program Framework Idea To Prototype (P1) Prototype To Product (P2) Product To Market (P3) Member Roundtable F10 FINTECH INCUBATOR & ACCELERATOR Product Development, Go To Market & Market Growth Open Innovation Funnel Q & A Session
  • 17. Program Framework Idea To Prototype (P1) Prototype To Product (P2) Product To Market (P3) Member Roundtable F10 FINTECH INCUBATOR & ACCELERATOR Product Development, Go To Market & Market Growth Open Innovation Funnel Q & A Session
  • 18. Week 5 April 6-9 FINALIZE BUSINESSPLAN, LAUNCH MVP, DEMO DAY & GRADUATION Week 4 March 9-13 GET READY FOR INVESTORS LEGAL & REGULATIONS Week 3 January 20-24 PRODUCT / MARKET FIT MARKETING & SALES STRATEGY Week 2 December 2-6 PROBLEM / SOLUTION FIT BUSINESS, PRODUCT & TECH. Week 1+2 October 21 – November 1 UNDERSTAND THE CUSTOMER PROBLEM, VISION, TEAM, BUSINESS MODEL P2 – Schedule 2019/2020 F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
  • 19. P2 – Program Details F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session 6 Months (October 21– April 9) For teams with great first prototypes, to create a minimal viable product Lessons and workshops into five units for a total of 30 days Access to Corporate Sponsors, Banks, members and mentor network CHF 15’000.– reimbursement for each team, if Milestones are reached
  • 20. F10 Core Team Q & A Session
  • 21. F10 Association Board Members F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
  • 22. F10 Mentor Community >60 mentors Q & A Session
  • 23. P2 – Criteria for Startups F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session Teams / Startups with a prototype (Click version or good PowerPoint are ok) Real problem has been identified and validated At least 2 team members working 100% on the project & present during Masterclasses in Zurich-Switzerland Online participation of the program is possible, but presence during the 6 training weeks in Zurich is mandatory
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  • 33. F10 FINTECH INCUBATOR & ACCELERATOR 21 Oct – 1 Nov Program Launch Masterclass 1 Week 1+2 2-6 December Masterclass 2 Week 8 20-24 January Masterclass 3 Week 12 9-13 March Masterclass 4 Week 19 6-9 April Demo Day Masterclass 5 Week 26 2019 Key Dates Deadline - June 2 Application Period 25 Jun – 2 Jul Online Interviews (top 60) 22-23 August Speed Dating (top 25) 13 September Top 15 Selection 2020 Q & A Session
  • 34. F10 Acceleration Lifecycle / Roadmap 2018 Ideation Problem/ Solution fit Product/Market fit Launch MVPStage Goal Action Output Masterclass Key Topics Milestones Get in Love with the customer problem • Start Program • 2 Week Masterclass • Project mgt. basics • Understand the customer • Reduce risks • Accelerate the idea • Vision, mission 15 customer problems understood Week 1 + 2 Demonstrate that idea represents a problem worth solving • Develop & test prototype • Validate problem / solution fit • Understanding customer forces • Prototyping • UX design basics • Business model • Strategy Customer problems and possible solutions validated Week 8 • Customer problem validated • Clear vision, mission • Risks identified & mitigation planed Demonstrate business model is working on a small scale • Further validate problem / solution • Test business model with market • Marketing, branding & communications • Getting investment ready • Market regulations • Contribution margin calculation Solutions tested with the market Week 12 • Validated prototype with customers • Validated business model • Unique value proposition • Clear picture of MVP Win first paying customer Run proof of concept with corporate partner • Finding the needed investment • Launch MVP on the market • Go to market strategy • Investordeck • Investorday • Demoday MVPs launched Week 17 + 26 • MVP development planed & started • Customer acquisition planed & started • Investor Deck finished • Business plan & case finished • LOI with Corporate Partner signed
  • 35. F10 Acceleration Lifecycle / Roadmap 2018 Ideation Trend Workshop with each Corporate Member Startup Selection Startup Scouting Trend analysis Problem/ Solution fit Product/ Market fit Launch MVP Stage Goal Action Understand the important & maturity of Key Trends Output FinTech Trend Report Scout active for the Startups working on the relevant Trends Find the right Startups 50 Startups short listed • Invite 30 Startups for speed date • Corporate Partners select Startups Pick the right Startups 15 best fitting Startups Masterclass Key Topics Milestones Get in Love with the customer problem • Start Program • 2 Week Masterclass • Project mgt. basics • Understand the customer • Reduce risks • Accelerate the idea • Vision, mission 15 customer problems understood Week 1 + 2 Demonstrate that idea represents a problem worth solving • Develop & test protoype • Validate problem / solution fit • Understanding customer forces • Prototyping • UX design basics • Business model • Strategy Customer problems and possible solutions validated Week 8 • Customer problem validated • Clear vision, mission • Risks identified & mitigation planed Demonstrate business model is working on a small scale • Further validate problem / solution • Test business model with market • Marketing, branding & communications • Getting investment ready • Market regulations • Contribution margin calculation Solutions tested with the market Week 12 • Validated prototype with customers • Validated business model • Unique value proposition • Clear picture of MVP Win first paying customer Run proof of concept with corporate partner • Finding the needed investment • Launch MVP on the market • Go to market strategy • Investordeck • Investorday • Demoday MVPs launched Week 17 + 26 • MVP development planed & started • Customer acquisition planed & started • Investor Deck finished • Business plan & case finished • LOI with Corporate Partner signed
  • 36. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session What kind of Startups is F10 looking for? We focus on early stage FinTech, RegTech and InsurTech Startups from all over the world.
  • 37. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session What is the offering for the Startups? We help the Startups to further develop their product and launch it on the market. We reimburse a total of CHF 15’000.– expenses for each Startup (if they reach the milestones). We offer free office space in Zurich – Switzerland for 6 months. We put you in the spotlight for 6 months and open doors for you. We connect the Startups with the C-Levels of the Corporate Partners.
  • 38. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session 6 months is very long time for an Accelerator Program. Our goal is that the Startups find their first paying customer; and we know from our experience that working with Banks and Insurances takes quite some time.
  • 39. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session Why is F10 not taking any equity? Two reasons: 1) We are a non-profit organization. Our Corporate Partners mainly want to learn about the technologies, the business models and launch Products together with the Startups. 2) We want to coach the Startups as good as possible and help them to bring the best possible solution to the market. We believe that if we would invest money in you, we couldn’t do that.
  • 40. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session Is F10 investing in Startups? F10 has the option to issue a Convertible Note in the Startup during the Program At the next financing round of the Startup, the convertible converts into equity with a cap of CHF 255’000 The Startup has the ability to rate the F10, the Program and the Coaching to determine the convertible amount The performance rating will take place after the deliverables of each milestone
  • 41. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session How does it work with the Masterclasses? At least two co-Founders from your Startups must be in Zurich during the Masterclass Weeks (6 Weeks).
  • 42. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session Do you help Startups with getting a Visa for Switzerland? F10 can not help the Startups to get a visa for Switzerland. Therefore the Teams only have to be present in Zurich for 6 weeks. Startups should be able to attend this 6 weeks with a tourist or an education visa.
  • 43. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session What kind of trainings does F10 provide? Many different like; Pitch Training, Structuring your Value Proposition, defining you Vision, Team Building, User Experience, Marketing, Founding and Funding a Company in Switzerland, Legal and Regulatory etc.
  • 44. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session Not all of us are working 100% on the project is that a problem? We only pick 15 Startups per batch. During the 6 month we help them night and day with our heart and soul to be successful. Since we give are all for the success of the Startups, we expect the Founders to work fulltime on the project. Therefore we only accept Startups where at least two persons work 100% on the project.
  • 45. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session We already have an MVP, can we still apply? If the Startups is willing to question their launched product, and if needed to pivot the product, then we can also accept teams who have already launched their product. Nevertheless our main focus is on very early stage Startups who have at least a validated prototype.
  • 46. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session We are not incorporated, is that a problem? Not at all. We help you to get incorporated in Switzerland.
  • 47. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session How does the selection process work? 1) Applications will close on June 2nd 2) F10 invites Top60 for an Online Interview (25th June – 2nd July) 3) F10 selects Top25 for 2-Day Speed Dating in Zurich (22nd – 23rd Aug) 4) Corporate Partners from F10 select Top15 for Program 5) Program starts October 21st in Zurich - Switzerland
  • 48. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session How do I apply? Go to www.f10.ch and apply for it until June 2nd.
  • 49. Great to have you on board! Please contact us for any further information thomas.landis@f10.ch / james.sanders@f10.ch / lisa.Schroeder@f10.ch