Swift’s Innotribe looks for best start-ups in Latin America – now open for applications
Swift’s Innotribe Start-up Challenge is to be unveiled in Latin America. The best fintech start-ups will be able to showcase their products at the Swift’s Latin American Regional Conference (LARC) this summer. Get your applications in!
This is the first time the Swift innovation arm – Innotribe – has partnered with LARC, which will take place in Mexico City on 28-29 June this year.
If you are a Latin America-based start-up and interested in participating, here is the link to apply for the Innotribe Start-up Challenge.
The application process is open until mid-April and the successful applicants will be announced in May.
Twelve start-ups will be selected. These will enter the Start-up Challenge, showcase their products at the event and receive expert coaching and mentoring from Innotribe/Swift.
The three best start-ups will be nominated by the audience as finalists, thus securing their ticket to participate in Swift’s annual global financial services conference, Sibos. Sibos will be held on 26-29 September in Geneva. They will receive a $10,000 cash prize each.
Fabian Vandenreydt, global head of securities, Innotribe, and the Swift Institute at Swift says the Society wants “to spotlight innovation across Latin America and provide an opportunity for young fintech companies to use Innotribe’s network and alumni to help them maximise their potential”.
From global to local
The Start-up Challenge started as a worldwide affair, launched five years ago by Swift’s innovation division, Innotribe.
It has evaluated over 650 fintech start-ups to date and surpassed over 4,000 audience members through various networking events and showcases across the globe.
However, the year 2016 is going to be focused on the emerging fintech ecosystems, namely Africa and Latin America. It will become a local programme rather than a global competition, “supporting innovation where demographic trends, economic growth and regional integration projects are creating fertile ground for new technologies to emerge”, according to Swift.
The Society feels that its members are now “keen to understand the fintech innovation that is happening in their own communities”.