29 July 2016
Find out more

Swift raises Innotribe stakes with $100,000 start-up award

01 August 2011  |  7444 views  |  0 Sibos blurry

Financial messaging network Swift has upped the ante in its annual innovation start-up contest, promising a $100,000 cash prize to the winning pitches at this year's Sibos conference in Toronto.

Applications for entry are open now and must be completed by 14 August. The challenge is open to start-ups and vendors less than three years old with a 'demonstrable' beta' product.

The top ten entries will be selected during a qualifying round, in which rankings will be weighted between public votes (20%) and rankings from a panel of judges including VCs and banks, with finalists announced by the end of August.

Round two will take place on 21 September, at Sibos in Toronto, where contestants will be assembled to make a five-minute demo pitch to an audience of top banks.

Rankings will be tallied from direct audience feedback, and two companies with the highest scores will each walk away with a $50,000 cash prize.

Swift's Innotribe unit has been steadily raising the stakes in its search for hot new tech start-ups and business-ready ideas. In July, the group unveiled a new incubator unit, which will invite partners, vendors and entrepreneurs to pitch their ideas at a quarterly 'dragon's den' style gathering of bankers, consultants and venture capitalists. The objective is to nurture an idea to a Version 1.0, with some early adopters testing it in a commercially-viable proof-of-concept.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Swift incubator invites pitches for quarterly 'dragon's den'

Swift incubator invites pitches for quarterly 'dragon's den'

13 July 2011  |  7031 views  |  0 comments
MiiCard wins out as start-ups vie for VC attention in Sibos' Dragon's Den

MiiCard wins out as start-ups vie for VC attention in Sibos' Dragon's Den

28 October 2010  |  14528 views  |  0 comments
Sibos Innotribe Labs take centre stage

Sibos Innotribe Labs take centre stage

28 October 2010  |  13617 views  |  0 comments
Sibos kicks off with call for innovation

Sibos kicks off with call for innovation

25 October 2010  |  9972 views  |  0 comments
Swift to host start-up contest at Sibos

Swift to host start-up contest at Sibos

08 October 2010  |  10132 views  |  0 comments
Open ID pitch wins Swift's innovation competition

Open ID pitch wins Swift's innovation competition

17 September 2009  |  11080 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9627 views comments | 10 tweets | 4 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
6871 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6073 views 0 | 6 tweets | 8 linkedin
UK and South Korea build 'fintech bridge'UK and South Korea build 'fintech bridge'
5992 views comments | 13 tweets | 14 linkedin
Finextra paper explores blockchain as an enabler of operational resilienceFinextra paper explores blockchain as an e...
5463 views comments | 12 tweets | 9 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job