Catapult: Kickstarter 2021 is a four-week acceleration bootcamp, a brand-new programme developed by the LHoFT Foundation in close collaboration with the Ministry of Economy in Luxembourg.
Over recent years Luxembourg has built up a supportive and robust Fintech startup ecosystem through collaboration between key public and private decision makers. The Grand Duchy has developed a critical support infrastructure that includes incubation facilities, accessibility to a mix of public and private funds, and engaged and open stakeholders from major international institutions that are willing to advise, collaborate and partner with new financial technology firms.
Aligning with Luxembourg’s ambition to create a leading startup and entrepreneurial nation, the Ministry of the Economy, in partnership with the LHoFT, have built the Catapult: Kickstarter programme to further catalyse Fintech innovation.
Targeting ten Fintech startups from around the world (see the list below), Catapult: Kickstarter 2021 is a programme that provides support and critical guidance to the selected participant firms in their growth. In order to effectively leverage the strengths of Luxembourg’s community and capabilities, the selected firms, in general, focus on delivering services to financial institutions (B2B), with particular emphasis on Insurtech, Regtech, Fundtech as well as ESG (Greentech). B2C payments is also represented in the inaugural cohort of Catapult: Kickstarter.
The programme will help the Fintech entrepreneurs to develop their business models with a focus on business scaling and risk management. Catapult: Kickstarter builds on the success and learnings from the Catapult: Inclusion Africa programme that is now in its fourth year. The Catapult: Kickstarter programme is tailored to the particular stage of the participating Fintechs and is structured around classroom tutorials, experts talks, customer discovery, challenges, one-to-one meetings, pitching sessions, mentorship sessions and networking events.
The Luxembourg Financial Industry is enthusiastic about getting involved in the programme, with strategic partners such as Luxembourg For Finance (LFF), Expon Capital, Middlegame Ventures (MGV), alongside a plethora of institutions providing insight to the selected firms and actively engaging with them on projects.
The programme will begin on Tuesday June 1st, and it will close with a final public pitching event on Friday June 25th.
Five of the ten participating firms will be able to access up to 50,000 EUR in subsidies from the Luxembourg Ministry of the Economy, based on fulfilment of eligibility criteria.
Nasir Zubairi, CEO of the LHoFT commented: We are very excited by the Catapult: Kickstarter programme and the firms that are participating. The quality of the firms is clear. We believe the participants will gain a lot from the programme and from connecting with the Luxembourg finance community; vice versa, we believe these firms also have a lot to offer the financial centre in solving key challenges that institutions are experiencing. We were amazed to have received 107 applications from over 36 countries for this first edition of the programme; it is really FINTASTIC to see such interest in Luxembourg Fintech and the LHoFT.
Join us on Friday 25th of June for the final digital pitching event, opened to the public, to discover the best Fintech solutions developed during the program.
You can register for the event HERE.
The 10 Selected Fintech Startups of the Catapult: Kickstarter 2021:
► unum IOS - Luxembourg
► Go2insure – Slovenia
► Greenomy – Belgium
► Meliora – Luxembourg
► Paypact – Romania
► EthicsGrade – UK
► Autopay Mobility – Poland
► NodeVenture - TMIA GmbH – Austria
► Cygnetise Limited – UK
► Divizend – Germany
Press release by LHoFT
Publié le 27 mai 2021