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Tenity Group AG
Company typePrivate
FoundedZurich, Switzerland (2016)
Headquarters
Zurich
Key people
Markus Graf (founder)
Andreas Iten (co-founder)
Websitetenity.com

Tenity is a startup incubator, accelerator and early-stage VC founded in 2016 in Zurich focused primarily on Fintech, Insurtech, Regtech and Deeptech.[1][2][3] It provides incubation and acceleration programs helping startups to connecting with corporates, experts, mentors, and investors for early stage venture and late stage venture investing, and collaboration opportunities.[4][5][6] The company currently has operating hubs in Zurich, Singapore, Madrid, and Tallinn.

As of July 2023, the company had accepted over 280 companies into its programs who have raised more than $370mn USD combined.

History

In 2014, SIX (Switzerland's stock exchange) launched a new initiative to accelerate their innovation process which grew into Tenity. It was formally launched as FinTech Startup Incubator / Accelerator in August 2015 by Markus Graf and Andreas Iten in Zurich.[7] Tenity held its first program in July 2017 in which 14 startups were selected from 260 international teams from the financial, insurance and regulatory technology sector.[8][9][10] Since then, more than 280 startups have gone through Tenity programs.[11]

In 2018, Tenity hosted its first hackathons in Singapore. In 2019, Tenity expanded to Singapore to open its second hub. In 2020, Tenity opened operations in Spain . In November 2022, Tenity launched a Climate Fintech Incubator in the Nordics & Baltics region, and opened its hub in Tallinn.

Tenity has partnered with leading financial institutions corporate partners, including UBS, SIX, Julius Bär, Generali Switzerland, BME Bolsas y Mercados Españoles, Renta 4, TX Group, Hewlett Packard Enterprise, Franklin Templeton, Klaytn, and Microsoft Switzerland. [12][13][14]

Notable alumni companies include Yokoy, Apiax, PXL Vision, Futurae exeon, FQX, Relio, and Stableton.[15]

Structure

Startups can apply for Tenity's early-stage incubation programs twice a year. As per July 2023, in exchange for 2.5% participation, each company accepted into Tenity receives pre-seed investment of CHF50,000, access to the Tenity network, and a four-month accelerator program. On the last day, the 10-15 companies pitch publicly in front of investors, Tenity alumni, the local entrepreneur scene and corporate partners during the Demo day.

In addition to its early-stage incubator, Tenity hosts acceleration programs in partnership with corporates.[16][17]

References

  1. ^ "F10 FinTech Incubator & Accelerator Opens Applications for its Acceleration Program". Fintech Finance. 2017-02-17. Retrieved 2018-02-04.
  2. ^ "F10 accelerator programme calls for fintech start-ups". FinTech Futures. Retrieved 2018-02-04.
  3. ^ "F10 FinTech Incubator & Accelerator calls for 2018 P2 Applicants – Irish Tech News". irishtechnews.ie. Retrieved 2018-02-04.
  4. ^ "Zurich based FinTech Incubator and Accelerator F10 to Explore Luxembourg". Silicon Luxembourg. 2017-11-24. Retrieved 2018-02-04.
  5. ^ "Meet the F10 incubator & accelerator in Lugano". Meetup. Retrieved 2018-02-04.
  6. ^ "Baloise joins fintech incubator and accelerator 'F10' - Baloise Group". Baloise. Retrieved 2018-02-04.
  7. ^ Moneycab (2017-09-11). "Moneycab › F10 FinTech Incubator & Accelerator calls for 2018 P2 Applicants" (in German). Retrieved 2018-02-04.
  8. ^ "14 Startups selected for F10's Accelerator Program Startupticker.ch | The Swiss Startup News channel". Startupticker. Retrieved 2018-02-04.
  9. ^ "ERI has joined the F10 FinTech Incubator & Accelerator". Itone.lu (in French). Retrieved 2018-02-04.
  10. ^ Finextra (2017-12-08). "Swiss fintech incubator and accelerator F10 calls for applicants for third startup batch". Finextra Research. Retrieved 2018-02-04.
  11. ^ "F10 Global - FinTech & InsurTech Incubator & Accelerator". www.f10.global. Retrieved 2022-03-17.
  12. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2022-03-17.
  13. ^ "Franklin Templeton, F10 to Launch Singapore Fintech Incubator". finews.asia. 2022-02-09. Retrieved 2022-03-17.
  14. ^ "Fintech Incubator & Accelerator F10 Names Switzerland Banking Group Raiffeisen The Program's Latest Corporate Member | Crowdfund Insider". Crowdfund Insider. 2018-01-22. Retrieved 2018-02-04.
  15. ^ "F10 FinTech Incubator & Accelerator – Interview with BizGees". Strategy Support for Entrepreneurs. Retrieved 2018-02-04.
  16. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2022-03-17.
  17. ^ "F10 launches new fintech accelerator in Madrid". Finextra Research. 2021-08-25. Retrieved 2022-03-17.
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