Fintech overview for HEIG-VD lecture, December 2016

JérômeVasamillet
Accélérons l’innovation
via la FinTech
Presentation prepared for a lecture at the
HEIG-VD course on
International Innovation Management
Yverdon-les-Bains, December 5th 2016
JérômeVasamillet

Agenda
Introduction
Part I : FinTech
Part II: Fintech in Switzerland
StartupWeekend Fintech Geneva
From idea / MVP to startup

A few words about your guest lecturer today
• Business Engineer based in Geneva
• Started his career in two startups linked to what is now called FinTech:
I. The first in BigData Analytics – later merged with a university spinoff to provide text mining solutions for medical, media and
financial companies in western Europe
II. The second in Financial Advisory for tech-focused entrepreneurs & SMEs – later became a VC manager with a fund connected
to a Crowdfunding platform
• Then worked in the swiss private banking industry (asset and wealth management)
• CAIA Charterholder & holder of the CFA Institute Investment Foundations Certificate
• Interested in blending finance focused on alternative investments with, technology, the startup ecosystem and
innovation acceleration.
• Please note I have no financial interests in the companies highlighted asexamples / case studies in this presentation.

▪ What do these words invoke?
Now gather in a team and build your own Fintech word cloud – try to use new words !
Let me know a bit about yourselves…

▪ Here are a few more… decentralized digital ledger, cryptocurrency… and many more !
What did you come up with ?
SOURCE: HTTP://FINOVATE.COM/FINOVATEEUROPE-2016-THEMES-ON-THE-THAMES/

Throughout the
lecture…
whether relative
to content or
terminology !

A merger of two industries
Finance
▪ For the business
▪ Financial management (internal): managing
company resources to achieve it’s goals
▪ Financial services (external): corporates,
individuals…
▪ For the individual
▪ Short term: every-day payments…
▪ Long term:Wealth management and planning
▪ Obtain financing for personal projects
 Innovate or risk losing business to competitors &
new businesses providing better services
Technology
▪ IT is a key function, the backbone in the finance
industry
▪ Often overlooked, leading to legacy systems
(an old method, technology, computer system,
or application program, being or related to a
previous or outdated computer system)
 Innovate to support the financial industry
provide better services
(IMS, data handling, new product development,
support, customer experience…)

Both in the midst of disruptive changes
Finance
▪ Shaken by the 2008 financial crisis
▪ Fragilized by numerous scandals and legal costs
▪ Rigging of foreign exchange markets
▪ Manipulating interest rates (LIBOR)
▪ Trading losses (LondonWhale, Kerviel…)
▪ Attacked by high tech giants such as Facebook,
Apple or Google whom are stepping on their turf
Technology
▪ Traditional 'facilitators': large established actors
with track record of supporting financial services
(such as SunGard, Infosys orTemenos)
▪ Emerging 'disruptors': smaller new entrants
active in the disintermediation / unbundling of
larger institutions (such as Wealthfront,
LendingClub or Knip)
The digital revolution needs actors adopting a new mentality, able to take risks in terms of
innovation. This is not a common trait amongst financial institution leaders.

FinTech
An industry
composed of companies
that use new technology and
innovation
to disrupt the marketplace of
traditional financial institutions and
intermediaries
in the delivery of financial services.
Definition source: Infinite Financial Intermediation, Tom
C. W. Lin, Temple University - James E. Beasley School of
Law, January 5, 2016
SOURCE: HTTPS://PAPERS.SSRN.COM/SOL3/PAPERS.CFM?ABSTRACT_ID=2711379

Global Fintech investments over 2010-2015
SOURCE: HTTPS://WWW.DEALSUNNY.COM/BLOG/FINTECH-DIGITALLY-DISRUPTING-THE-FINANCIAL-WORLD-INFOGRAPHIC 27 APRIL2016

Fintech funding and deals – Q3 2016 update
SOURCE: HTTPS://ASSETS.KPMG.COM/CONTENT/DAM/KPMG/XX/PDF/2016/11/THE-PULSE-OF-FINTECH-Q3-REPORT.PDF
$13.5m
average
per deal
Though VC-backed
fintech funding may
not exceed the 2015
peak of $14.5 billion…
… total funding to
Fintechs might, with
$17.8 billion total at
the end of Q3’16

VC-backed fintech funding took 83% of the $2.9B in overall fintech funding and 43% of overall deals in
Q3’16. Q2’16 overall fintech funding was buoyed by a $4.5B investment to Alipay owner Ant Financial.

$10.3B deployed across 612 deals through first 3 quarters of 2016

The global Fintech landscape – Q3 2016 funding update
North America & Europe: slower
activity
Europe focus: Germany in the lead,
Corporates increasingly participate
SOURCE: THE PULSE OF FINTECH, Q3 2016, GLOBAL ANALYSIS OF FINTECH VENTURE FUNDING, KPMG INTERNATIONAL AND CB INSIGHTS (DATA PROVIDED BY CB INSIGHTS) NOVEMBER 16TH, 2016.

A view on leading Fintech hubs
What are some key ingredients to
develop a leading global fintech sector?
▪ Specialized talent
▪ Progressive regulatory bodies
▪ Investment capital
▪ Strong collaboration within the ecosystem
▪ … Government support …
(Source: dealsunny.com infographic)
SOURCE: HTTPS://WWW.DEALSUNNY.COM/BLOG/FINTECH-DIGITALLY-DISRUPTING-THE-FINANCIAL-WORLD-INFOGRAPHIC 27 APRIL 2016

A new initiative for startups to start & scale up in Europe
(November 2016)
▪ Governments are in on the action
▪ Competent governments realize that
courting fintech startups will help keep
their economies prosperous
▪ UK had already launched numerous tax
incentives and benefits to new
businesses in the industry
▪ It is now rising across Europe to the
level of the European Commission
SOURCE: HTTPS://EC.EUROPA.EU/DIGITAL-SINGLE-MARKET/EN/NEWS/NEW-INITIATIVE-STARTUPS-START-AND-SCALE-EUROPE AND HTTP://EUROPA.EU/RAPID/PRESS-RELEASE_IP-16-3882_EN.HTM

Global Fintech hub overview
▪ The UK, Singapore, NewYork, SiliconValley and Hong Kong are the top five fintech
hubs with the lowest Index Performance Score.
SOURCE. HTTP://FINTECHNEWS.CH/FINTECH/REPORT-ON-TOP-FINTECH-HUBS-OF-2016/7170/ AS OF DECEMBER 2016
▪ A new report titled
‘Connecting Global
Fintech: Hub Review
2016’ released by
Deloitte in collaboration
with All Street Research,
provides an overview of
21 fintech hubs emerging
globally with a focus on
each local market facts,
figures and future trends.
▪ Each fintech hub gets an
Index Performance Score
which combines three
key indices: a Global
Financial Centre Index
(GFCI); Doing Business
2016 (DB) score; and a
Global Innovation Index
(GII). A lower Index
Performance Score
suggests that the Hub is
more favorable to the
growth of fintech.

Fintech verticals
SOURCE: THE PULSE OF FINTECH, Q3 2016, GLOBAL ANALYSIS OF FINTECH VENTURE FUNDING, KPMG INTERNATIONAL AND CB INSIGHTS (DATA PROVIDED BY CB INSIGHTS) NOVEMBER 16TH, 2016.
▪ While fintech covers a diverse array of companies, business models and technologies,
companies generally fall into several key verticals, including
Lending tech
Lending companies on the list
include primarily peer-to-peer
lending platforms as well as
underwriter and lending
platforms using machine
learning technologies and
algorithms to assess
creditworthiness.
Payments/billing tech
Payments and billing tech
companies span from
solutions to facilitate
payments processing to
payment card developers to
subscription billing software
tools.
Personal finance/wealth
management
Tech companies that help
individuals manage their
personal bills, accounts and/or
credit as well as manage their
personal assets and
investments.
Money
transfer/remittance
Money transfer companies
include primarily peer-to-peer
platforms to transfer money
between individuals across
countries.
Blockchain/bitcoin
Companies here span key
software or technology firms
in the distributed ledger
space, ranging from bitcoin
wallets to security providers
to sidechains.
Institutional/capital
markets tech
Companies either providing
tools to financial institutions
such as banks, hedge funds,
mutual funds or other
institutional investors.These
range from alternative trading
systems to financial modeling
and analysis software.
Equity crowdfunding
Platforms that allow a
collection of individuals to
provide monetary
contributions for projects or
companies provisioned in the
form of equity.
InsurTech
Companies creating new
underwriting, claims,
distribution and brokerage
platforms, enhanced
customer experience offerings
and software-as-a-service to
help insurers deal with legacy
IT issues.

The trending Fintech startups
▪ What areas do you think Fintech startups trending in?
While the payments and lending
subsectors continue to take the
lion’s share ofVC investment,
blockchain, data and analytics
and RegTech are also gaining
prominence.

Why is Fintech growing faster than other industries?
I/III
Examples:
▪ AccountAggregation
▪ Co-investing

II/III
▪ Printed material
▪ Desktops
▪ Laptops
▪ Tablets
▪ Smartphones
▪ Virtual Reality
▪ Augmented Reality
▪ … ease-of-access, seamless integrations, convergence…

III/III
▪ Universal bank model
Business model based on offering a complete
range of products & services
▪ Unbundling of a bank
Dissecting the universal business model

The universal bank model
SOURCE: HTTPS://WWW.INNOPAY.COM/BLOG/FINTECH-IS-UNBUNDLING-THE-UNIVERSAL-BANKING-MODEL-THREE-STRATEGIC-QUESTIONS-TO-ANSWER/ 31-08-2015

Fintech competing across the entire chain
SOURCE: HTTPS://WWW.INNOPAY.COM/BLOG/FINTECH-IS-UNBUNDLING-THE-UNIVERSAL-BANKING-MODEL-THREE-STRATEGIC-QUESTIONS-TO-ANSWER/ 31-08-2015

Unbundling of a bank
Wells Fargo website example
▪ Loans
▪ Insurance
▪ Investing
▪ Savings
▪ Checking
▪ Payments
▪ Wealth
Management
▪ …
SOURCE: HTTPS://WWW.CBINSIGHTS.COM/BLOG/DISRUPTING-BANKING-FINTECH-STARTUPS/ NOVEMBER 18, 2015

Top reasons why consumers adopt Fintech solutions
▪ Why would you adopt Fintech solutions?

Bank strategies to adapt to the emergence of Fintech
SOURCE: HTTP://WWW.BILAN.CH/PLUS-DE-REDACTION/GRANDES-BANQUES-SUISSES-ABORDENT-FINTECH, 16 MARS 2015
Launching their own Fintech subsidiary
Venture Fund
To finance Fintechs
Startup programs as Fintech incubators
Acquisition
Partnership

Biggest banks by Fintech investments

The top 30 deals toVC-backed Fintech companies in Q3’16 totaled over $1.75B in funding

Financial Services & banks are not alone…
▪ InsureTech is the technology
brought to the insurance
industry
▪ Just as Regtech is bringing
technological solutions to
resolve issues linked to
regulation of financial services
SOURCE: HTTP://FINTECHNEWS.CH/WP-CONTENT/UPLOADS/2016/03/WORLD-INSURANCE-REPORT-2016-INFOGRAPHIC-CAPGEMINI-EFMA.JPG

Part II
Fintech in Switzerland

Swiss International Economic Positioning
A STABLE NEUTRAL COUNTRYCONNECTEDHIGH QUALITY
• More than 720 years of
democracy; Neutral
country (able to do
business with anyone);
• No corruption, no unions;
• Stable political system, real
democracy, protecting
minorities
• Swiss Made highly
recognized (Higher sales
prices);
• Highly qualified workforce
(technology, management,
international)
• Leading educational
system
• Internationally top ranking
research institutions and
efficient technology
transfer;
• High quantity of
expatriates from many
countries (37% percent
expats inWestern
Switzerland)
• Vienna Congress of 1815
• Ideally located in the heart
of Europe & the world
(morning access to Asia,
eveningAmericas);
• Low government debt (no
risk of tax increase);
• Multilingual environment;
• Strong law protection for
personal data information
(medical, finance);
• Very favorable corporate
tax system; no capital gain
on equity sales (under
conditions)
• More than 100 double tax
treaties with foreign
countries;
• 77 international treaties (IP,
trade of goods, Law, etc.)
(Unique one with China);
• Not member of EU
Community but operating
under strong bilateral
agreements

Understanding the Swiss education system
2 main federal research institutions offer
high-end education. EPFL developed many
sub campuses in Switzerland like IDEAP
www.idiap.ch and abroad such as Dubai
www.epfl.ae
6 superior education schools (not named
universities) that offer Masters and Bachelors
degrees, mostly in the technology sector (only
1 in economics) named Hes-so
4 universities offering all ranges of
education (Masters, Bachelors, PhD)
including technology. Universities are more
focused on educating practitioners (Dr.,
lawyers, nurses, etc.)
1 art school which is high-end and
internationally renowned : ECAL
(collaboration with technical school for
designing)
Apprenticeship model followed by >50% of
the students, also called “dual education” (3d/w
in a company + 2d/w in a dedicated school)
learning more than 635 recognized education
diplomas. In 2015, of the 198k companies, 60k
of them offered 94.5k apprenticeships
Private education players:
IMD : ranked 13 for Business Education (FT
Global MBA 2016)
EHL : global leader in Hospitality
Management (TNS Sofres 2013) ; includes
an incubator
…and many others…
Public education in Switzerland is nearly free for any student, even for foreigners.
It wants to attract brains & innovation to keep its world-leading position in innovation.

Global Fintech hub overview – Switzerland
▪ With an Index Performance Score of 42,
Switzerland sits between South Korea
and Frankfurt.
(‘Connecting Global Fintech: Hub Review 2016’)
Key strengths:
+ Excellent proximity to expertise
+ Highly educated population
Key challenges:
- Government support has been lacking
and considered insufficient to foster a
dynamic fintech industry
- Suboptimal legal and fiscal conditions
- Risk averse culture
- Underdeveloped startup ecosystem
SOURCE. HTTP://FINTECHNEWS.CH/FINTECH/REPORT-ON-TOP-FINTECH-HUBS-OF-2016/7170/ AS OF DECEMBER 2016

Swiss technology transfer
▪ Each Swiss public technological education institution has its own technology transfer body (separated from
the academic framework) aiming to develop applied research programs in collaboration with industries
allowing to get CTI funding to drive such projects.
▪ In general the project is initiated by a corporation willing to address a particular problem in its field and uses
the expertise of the school (University, HES-SO or EPF) for delivering a solution.
▪ The technology transfer body is independent from the academic institution. It hires employees under its
payroll to deliver the project which is framed by a contract with the corporation at a lower price than if it was
a private company.The technology transfer body uses the infrastructure of its academic bodies.
▪ Generally the IP belongs to the initiator; the lab having supported the development may get a licensing fee
on the profits of the innovation based on the level of added value brought.
▪ The advantage for the corporation running such programs is to be near the public research institution, get
up to 90% of the financing (up to 2 million) of the project, and have access to future employees hired from
these schools.
▪ Examples:
▪ CETT :Yverdon-Les-Bains technology transfer body of HES-SO engineering school : http://www.heig-
vd.ch/rad/cett
▪ Pactt : Lausanne university technology transfer : http://www.pactt.ch/
▪ See all others through the SWITT (the Swiss association of technology transfer) :
http://www.switt.ch/about_switt/

Swiss Startup scene (I)
Based on Switzerland’s fundamental nature that operates all it’s politic and economical actions in a
decentralized manner, the startup ecosystem is very fragmented in all its aspects
(coaching, grants, tax exposure, supported field)
Federal initiativesMulti-Cantonal initiatives
(Western Switzerland)
Cantonal initiatives
Communal / district initiatives
Industry focused
 Life Sciences : Biotech, medTech, drug, genetics.
 ICT : saas, telco, software, IoT, security, datamining.
 Micromechanics : nanotech, micro, chips, watches.
 Green-tech : Grid, energy, isolation.
 Space industry, luxury goods (tech), Sport,Tourism.
 Other-tech: FinTech, LegalTech, InsurTech, RegTech.

Swiss Startup scene (2)
Growth
phase
Incubators
Other
financing
Sibsidised
services
Bank debt
security
Legal
Prizes
Other
Support
infrastructure
investment
loans
Most mentioned public schools offer incubators: places to site a startup.
Unfortunately in most cases, it’s rather a “renting” space model. Every
place boasts different advantages such as direct collaboration with the
linked university. All incubators are surrounded by a large diversified
panel of independent external actors to offer all neighboring services like
accounting, legal, recruitment, advisory, IP attorneys, IT services, etc.
Some other cantons offer recruitment grants for
new hiring training program contributions, some
other offers free renting space for some months.
You can find many IP attorney and
lawyers that have an international
background.
Access to seed financing (from 10 K to
1’000 K), mainly for research and
prototype building. These grants are for
most fully donated, a few are reimbursable
loans.
Each canton is having its own dedicated light financing
programs for supporting different actions, like
marketing research, IP filing, R&D support. For most of
the total value of all the grants is not higher than
200’000 CHF (direct cash)
If a startup has demonstrable sales, bank debt
surety can be obtained (Max 500 K), keeping in
mind that private investment must take at least
1/3 of the financial risk.
Switzerland unfortunately does not offer large governmental
financing for startups in a growth phase (market reach and
business development). Private sector has to finance it.
You can find a plethora of Swiss government
subsidized coaches, trainers and supporters
offering fully subsided services to startups.
Some infrastructure investment loans
are possible (5’000k), but require
political approval (long process)
Many local prizes (from 1’000 to
100’000 CHF) are rewarding
“entrepreneurial” initiatives for most
initiated by Swiss local government,
but sponsored by local corporations.
Seed
financing

Switzerland is not easy to navigate, but it is full of good
initiatives to stimulate innovation and the Fintech ecosystem
… and more…

The past year for Fintech
as seen in
SOURCE: HTTPS://WWW.LETEMPS.CH AS OF DECEMBER 2016

Fintech in a Swiss context: a promising environment
▪ Consistent highest rank for innovation
▪ A global hub for data security: political stability, discretion
and trustworthiness
▪ A strong banking and financial services tradition: well
known companies, qualified labor, efficient and modern
infrastructure, privacy
▪ Demanding and connected clients
▪ A light regulatory environment for technology
▪ A dynamic ecosystem
▪ An engaged and enthusiastic population

A strong growth
▪ Various indications on the population
of Fintech in Switzerland… according
to the IFZ Fintech Study 2016:
▪ 162 Fintech companies in Switzerland as
of end 2015
▪ Up from 24 five years earlier…
▪ … 200+ by end-2016?

A competitive environment
SOURCE: HTTP://WWW.FINEWS.COM/NEWS/ENGLISH-NEWS/25126-CHINESE-PAYMENT-APP-POISED-FOR-LAUNCH-IN-SWITZERLAND
▪ Chinese Payment App
Poised for Launch in Switzerland

A few Swiss examples of top…
Fintechs
▪ Knip, an insurtech startup that has raised
over US$20 million in funding
▪ Temenos, a company specializing in
software for financial services
▪ Anivo, a regulated online insurance broker
▪ FinanceFox, another insurance brokerage
app
▪ Monetas, a developer of blockchain-based
systems for the financial services industry
Fintech investors
▪ leading telecommunications provider
Swisscom
▪ venture capital firm Lakestar
▪ venture capital firm Redalpine
▪ Swiss Startup Invest (formerly CTI Invest,
a financing platform for Swiss tech
startups)
▪ the Swiss ICT Investor Club (SICTIC), an
association that connects investors to seed
and early stage Internet startups.

A few examples of Fintech companies which supported
the StartupWeekend Fintech Geneva in October 2016
eWise
▪ Innovation and security in private and
secure Financial Data Aggregation and
Money Management
▪ White-label money management apps
▪ Connect financial accounts
▪ Ready-to-use analytics modules
Lykke
▪ Create a global internet
exchange (marketplace)
▪ Where all financial instruments
can be traded and exchanged
against each other
▪ Whatever their asset class or
the size of transaction
▪ Initial focus on foreign
exchange but plan to expand
into, bonds, equities, money
market instruments...
▪ At a fair market price

Unbundling of a bank… looking at UBS Digital Banking

Your turn, teach us about a Fintech you know…
SOURCE: HTTP://FINTECHNEWS.CH/FINTECH/SWISS-FINTECH-STARTUP-MAP-OCTOBER-2016-NEU-SWISS-FINTECH-RADAR/7388/ AS OF DECEMBER 2016

Top 30 Swiss Fintechs
SOURCE: HTTP://FINTECHNEWS.CH/TOP-30-FINTECH-STARTUPS-IN-SWITZERLAND-2/ AS OF DECEMBER 2016

Top ranked Swiss Fintechs on social media
SOURCE: HTTP://FINTECHNEWS.CH/RANKING-OF-FINTECH-STARTUPS-IN-SWITZERLAND/ AS OF SEPTEMBER 2016
▪ Klout is a website and mobile app that uses social media analytics to rate its users
according to online social influence via the "Klout Score", which is a numerical value
between 1 and 100.

Where do we stand?
▪ Most dynamic Fintech companies:October 2016 report from KPMG and H2Ventures
(numerous criteria including funds raised and the “X factor” capacity for innovation)
▪ Of theTop 5, 4 are Chinese
▪ Of theTop 50
▪ 8 are Chinese, up from only 1 in 2014 ; leveraging the companies they are linked to: Alibaba and
JD.com (online retail giants with hundreds of millions of customers)
▪ Ranked 28th , the 1st Swiss Fintech is Xapo (a bitcoin wallet)
▪ Ranked 48th , the 2nd Swiss Fintech is Knip (insurance aggregator)
▪ 90% seek to tackle head-on the traditional players
▪ Raised 14.6 billion USD in total, up 40% from previous year
▪ Global competition is rising, with 17 countries represented up from 13 the previous year
▪ In theTop 50 Emerging Fintech category, only 1 is Swiss:Anivo
(personal online insurance broker)
SOURCE : KPMG, H2 VENTURES, LETEMPS AS OF DECEMBER 2016
Paradox: in the leading country for wealth management and innovation,
Fintech startups often lack the funds to grow

You can start by a…
StartupWeekend Fintech Geneva
@genevafintech
#swfintechgva

StartupWeekend
▪ Green short slide…..

Assemble a team to build your business model!
SOURCE: HTTP://WWW.BUSINESSMODELGENERATION.COM/CANVAS/BMC

StartupWeekend FinTech Geneva
The SPARK for setting up your future startup?
SOURCE: HTTPS://COMMONS.WIKIMEDIA.ORG/WIKI/FILE:STARTUP_FINANCING_CYCLE.SVG

SOURCE: HTTP://WWW.UP.CO/COMMUNITIES/SWITZERLAND/GENEVA/STARTUP-WEEKEND/9381

October 2016 edition insights
▪ We are proud to have theScreener, Dybaw Regtrail and eWise as a
headline sponsors, followed by other big names in finance, tech,
innovation and design - such as HEIG-VD, Swiss Fintech, IBM, Fintech
Fusion, Alphametry and Lykke.These awesome sponsors will offer swag,
mentoring, great prizes and assets that will help make the weekend a
great success for all our participants.
SOURCE: HTTP://WWW.UP.CO/COMMUNITIES/SWITZERLAND/GENEVA/STARTUP-WEEKEND/9381
▪ Event Judges
▪ Fabrice Bouland : CEO @ alphametry
▪ David Hamilton : CEO @ eWise
▪ Stefano Ventura : Professor @ the IICT
Institute of the HEIG-VD
▪ Géraldine Badel Poitras : Partner @
Vecchio Avocats
▪ [TBD]
▪ Coaches and Mentors
▪ Pascal Allot : Regional Manager West Switzerland & Startup
ecosystem Devt @ IBM
▪ Thomas Gendulphe : Digital manager @ BCV
▪ Vincenzo Pallotta : Professor of Management of Innovation and
Product Development at HEIG-VD
▪ Eric Gregoire : Global Industry Head @ Google
▪ Manu Iyengar : Founder @ Alphametry
▪ Alexandre Gaillard : CEO at InvestGlass
▪ Thomas Veillet : Founding Partner @investir.ch
▪ Lionel ARTUSIO : CEO at YOUPASS Group SAS - Co-founder
DYBAW REGTRAILS
▪ Ksenia Tugay : Innovation Manager at Inartis Foundation
▪ Co-organizers
▪ Cyrus Fazel
Asset Management and Algo Trading
▪ Stanislas Laurent
Fintech Product Specialist - Asset/Wealth Management
▪ Geoffroy Troesch
Direct Investments
▪ Jérôme Vasamillet
Startups, Wealth Management & Fintech
▪ Thibault Watine
Treasury & FX

From idea / MVP
to startup building
A shortcut overview on how to find support to pass theValley of Death

The business life cycle
Getting past the valley of death
Accelerators & Incubators: different
frameworks for startup success
▪ Both offer entrepreneurs good opportunities early on.
▪ Founders get help to quickly grow their business and
often increase chances of attracting a topVC firm to
invest later.
▪ Accelerators
 "accelerate" growth of an existing company
 More focused on scaling a business
 A set timeframe in which individual companies spend
anywhere from a few weeks to a few months working
with a group of mentors
▪ Incubators
▪ "incubate" disruptive ideas with the hope of building out
a business model and company
▪ More focused on innovation
▪ Typical has shared space in a coworking environment, a
month-to-month lease program, and some connection
to the local community

A few incubators and accelerators for Fintech startups

Inno-Fuel
Closing the innovation gap

HTTP://WWW.INNO-FUEL.COM/
Fueling the innovation ecosystem
• External Innovation focus
• Start-up/Early stage investing DNA and Ecosystem (30+)
• Value Creation & Initiative taking
• Hybrid entrepreneurial business model
• Extensive Expertise in various industry value chains
‘We fuel the innovation ecosystem’

Inno-Fuel: our activities
Customer &
Market
- Customer Needs
- Market Identification
- Partner identification
- Value Chain Understanding
- Business Case &
Execution, Design &
Planning
Innovation
Strategy & Management
- Strategy design, planning, governance &
process & performance management
- Coaching & best practices
(Co-creation, design thinking, business
modelling, performance mgt.,…)
Technology
Understanding
- Technology Scouting
- Materials & Process
Selection
- Ind. Design & Proto-typing
- Technological Solutions
Risk &
Entrepre-
neurship
RichTech
Environment
Global Market
Needs
HTTP://WWW.INNO-FUEL.COM/

Thank you for your attention
JérômeVasamillet
(Advisory Board – Fintech at Inno-Fuel)
j.vasamillet@inno-fuel.com
Rue des Marchandises 13 - 1260 Nyon - Switzerland
T: +41 (0) 22 361 23 44
W: www.inno-fuel.com

Fintech overview for HEIG-VD lecture, December 2016

Recomendados

Recomendados

Mais conteúdo relacionado

Mais procurados

Mais procurados (20)

Destaque

Destaque (16)

Semelhante a Fintech overview for HEIG-VD lecture, December 2016

Semelhante a Fintech overview for HEIG-VD lecture, December 2016 (20)

Último

Último (20)

Fintech overview for HEIG-VD lecture, December 2016