FONGIT INNOVATION FUND (FIF)
FIF Supporters
The FONGIT Innovation Fund (FIF) can provide financing for your startup in Geneva.
The FIF aims to accelerate innovation processes within Universities, Hautes Ecoles and other Geneva-based research institutions, within startups, scale-ups, and SMEs experiencing rapid growth in a technological environment. The FIF focuses on technological innovations that have a positive impact on people and the planet.
The FIF is supported by the State of Geneva, the Fondation Genevoise pour l’Innovation Technologique (FONGIT), the Fondation Modus, the United Nations International Trade Center (ITC) and the United Nations Environment Programme.
FIF Grant
CHF 50k
FIF Seed Loan
CHF 100k
FIF Growth Loan
CHF 400k
FIF GRANT
Amount
up to CHF 50,000
Pre-conditions
Clear intention to create an enterprise that has a positive impact on people and the planet.
FIF SEED LOAN
Amount
up to CHF 100,000
Pre-conditions
POC (Proof of Concept) available, developments supported by intellectual property proving the technological and/or scientific feasibility. Has a positive impact on people and the planet.
FIF GROWTH LOAN
Amount
up to CHF 400,000
Pre-conditions
Fast-growing turnover, has a positive impact on people and the planet.
Beneficiary
Scientific research project developed at a Geneva University or a local research institution with the objective of launching a new product, process or service addressing a real economic or social need with a proven potential market.
Beneficiary
Geneva-based high tech companies in the seed stage - in particular startups with an innovative product or service addressing a real market need.
The company must have registered in the Canton of Geneva no more than three years ago.
Beneficiary
Geneva-registered SMEs developing high tech innovations, seeking to accelerate their business development and/or experiencing digital transformation.
The company must be registered in the Canton of Geneva.
Financial conditions
Grants are allocated to the project leader with a reimbursement clause in case of success. Grant cannot be used as founding capital to set up a company.
Financial conditions
Convertible Seed Loan cannot be greater than 70% of the total funding round which must also be financed by existing or new investors. Reimbursement via conversion into equity takes place during the next meaningful funding round.
Financial conditions
Growth Loan cannot be greater than 50% of the total budget/funding round which must also be financed by the company or third party funds. Reimbursement within 5 years - also possible earlier through conversion into equity. Interests amounting to the SARON+2.5%.
APPLICATION
FIF GRANT
FIF SEED
FIF GROWTH
Your early-stage project needs financial support to transition from research institution to creating a new company.
Your seed stage company needs extra financial support to hit an eager market.
Your expanding company needs extra financial investment to support its fast-paced growth.
