Banca Sella launched its international initiative last June, called Artificial Intelligence Business Incubator, which involved as many as 72 startups from 14 countries around the world.
Basically, participants included startups, researchers, entrepreneurial teams, university spin-offs and companies with projects based on AI technologies applied to the financial services industry.
Specifically, the 72 initial participants who proposed their AI projects for finance came from 27 from Italy, 6 from the US, 5 from the UK, 4 from India, and 3 from Germany. Not only that, the remaining applications submitted were also from Singapore, Argentina, Brazil, Israel, Ireland, Nigeria, and Poland.
These 7 projects will now enter the “sprint period,” a coaching track that includes participation in master classes, one-on-one mentorship sessions, and technical consulting. Not only that, at the Salone dei Pagamenti in Milan in November, there will also be a “Demo Day,” where the finalists will be presented and recognized as projects of the Sella Group ecosystem.
The metaverse initiative
Banca Sella is not new to initiatives involving the most emerging technologies. And in fact, in July 2023, Banca Sella had launched its new international accelerator program based on the metaverse. The goal is to expand its interests in the Web3 sector.
Here, too, Sella’s Venture Incubator dpixel has been involved to identify and support innovative startups in the field of finance applied to the metaverse.
Specifically, the Web3 metaverse chosen by Banca Sella’s program involves the use of native decentralized technologies and blockchain protocols.
Called “Metaverse 4 Finance,” the initiative aims to accelerate the development of startups that can bring Web3 benefits to businesses. To give an example, it talks about optimizing infrastructure, improving user experience and providing “as-a-service” solutions to revamp traditional apps.