Tenity Invests in Early-Stage Startups Chosen for Incubation Program in Switzerland

11 early-stage startups from 7 countries (3 from Switzerland, 3 from Germany) have been selected for the upcoming Tenity Incubation Program starting “on August 28th, 2023, in Switzerland”

Selected startups reportedly receive “an initial CHF50k investment from the Tenity Incubation Fund II.” The fund will aim to “invest in up to 300 companies across its hubs in Europe and Asia.”

The upcoming edition of the Tenity Incubation Program in Switzerland “welcomes a cohort of 11 highly innovative early-stage startups selected from a pool of more than 220 applications.”

The selected entrepreneurs are “building solutions in the areas of Web3, Crypto, Wealth Management, Payments and Investing, and more.”

The startups will go “through four months of rigorous program, including workshops and events on topics such as product-market fit, marketing, and fundraising.” Additionally, they’ll receive 1:1 support “from Tenity experts and mentors.”

Marc Hauser, Head of Europe at Tenity commented:

“Congratulations to the selected startups for making it into our Fall 2023 Incubation Program in Zurich. It’s a significant achievement given the intense competition in the selection process. The quality of solutions and the potential for impact in the fintech and insurtech sectors is truly remarkable. The Tenity ecosystem is designed to accelerate their growth and enhance their market readiness.”

The program provides access to guidance and “support from Tenity’s wide ecosystem, including 280+ alumni, 200+ mentors, and an extensive network of 170+ investors.”

The program will culminate “in a Demo Day event on November 23rd, 2023.”

Maximilian Derpa, CIO at Tenity added:

“Our upcoming batch shows huge promise, with the” selected founders not only building on the latest technological advances, including AI, but also leveraging the strength of Switzerland as a a leading crypto nation. We look forward to seeing successful teams that collaborate with our corporate partners and raise substantial rounds.”

Here are the 11 startups selected for the Tenity Incubation Batch 11”