The second edition of the Finture Solutions competition aims to support startups working on Clean Tech, Health, and Agritech in emerging markets. 5 winners will get up to €125,000 to scale their solution.
By SWB Team
The second edition of the Finture Solutions competition has just launched, and is looking for Netherlands-based startups and scaleups driving positive impact in emerging markets.
Organized by the Netherlands’ FMO (Entrepreneurial Development Bank) together with Rockstart, the competition aims to can accelerate entrepreneurial solutions to solve pressing issues like climate change and inequality.
Finture Solutions aims to find and support innovative Dutch solutions in the fields of Clean Energy, AgriTech and Health. The competition is calling for startups whose innovations can tackle global challenges such as energy shortage, strain on land and resources, and a lack of access to affordable health care.
Five startups will have the opportunity to unlock development capital of up to €125,000 each, in order to develop their product and scale their solution in emerging markets. The winners will also get access to FMO’s 50-year experience of doing business in developing countries.
“At Rockstart we believe in supporting innovators and startups addressing some of the sustainable development goals. As a company, we have our core focus in the domains within agriculture, health and energy and we are very happy to be working together again with FMO to find the most innovative disruptors in these domains that will really make a positive change to the world as we know it,” said Rune Theil, CEO at Rockstart.
“We need to speed up and scale-up, if we want to reach the SDGs in this decade. We are looking for partners, disruptors, who can help us accelerate progress. We, in turn, can help Dutch entrepreneurs get started; attracting funding and growing a business in emerging markets can be difficult. Finture Solutions bridges the funding gap and supports startups that drive growth as well as local impact in emerging markets. We hope that our Finture Solutions initiative will spark entrepreneurial appetite while working on the biggest challenge of this decade,” said Janet Nieboer, Director NL Business at FMO.
Who can apply?
Finture Solutions is interested in startups and scaleups that have developed a solution applicable in emerging markets and who already operate in one or more emerging markets globally. This year, the challenge focuses on the domains of Clean Energy, AgriTech and Health. The company must be established in the Netherlands and can show a KvK registration. There is no requirement for founders to be Dutch.
How to apply?
Startups can apply for Finture Solutions until April 7, 2020. After that, an expert committee will choose the 10 most promising startups to attend the final pitch event at Rockstart mid June. The finalists will have the chance to pitch to a panel of FMO’s Management Board members, Rockstart directors and Dutch entrepreneurs, who will choose the five winners to unlock €125,000 development capital each.
Read more and apply on the Finture Solutions website.