WE OFFER

FINANCIAL SUPPORT

Fongit supports innovative startups at different stages of their journey with

3 types of financing options

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FONGIT INNOVATION FUND - FIF GENEVA

The Fongit Innovation Fund 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 any technological innovation applied to Sustainable Development Goals.

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Fongit Grant

CHF 50k

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Fongit Seed

CHF 100k

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Fongit Growth

CHF 400k

FONGIT GRANT

Amount

 up to CHF 50'000 

Pre-conditions

 Clear intention to create an enterprise and fulfil at least one Sustainable Development Goal

FONGIT SEED LOAN

Amount

  up to CHF 100'000 

Pre-conditions

 POC (Proof of Concept) available, developments supported by intellectual property (IP) proving the technological and/or scientific feasibility. Fulfil at least one Sustainable Development Goal

FONGIT GROWTH LOAN

Amount

 up to CHF 400'000

Pre-conditions

 Fast-growing turnover, fulfil at least one Sustainable Development Goal

Beneficiary

Scientific research project originating from a Geneva University or local  research institute with the objective of launching a new product, process or service addressing a real economic or social need with a proven potential market

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

Beneficiary

 Geneva-based technology companies in the seed stage - in particular startups with an innovative  product or service addressing a real market need.

 The Company must be registered  in the Canton of Geneva

Financial conditions

 Seed Loan cannot be greater than 70% of the total budget/funding round which must also be financed by the founders or third party funds. Reimbursement  to start in Year 3, can last thereafter up to 5 years. Possibility of early pay-back through conversion into equity

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

 Growth Loan cannot be greater than 50% of the total budget/funding round which must also be financed by the founders or third party funds. Reimbursement within 5 years - also possible earlier through conversion into equity. Interests amounting to  LIBOR/12months +250bps

APPLICATION

Check the eligibility of your project/company; if you qualify you will be automatically redirected to the corresponding application form.
This check is entirely non-binding.

Fongit Grant

Fongit Seed

Fongit Growth

Your early-stage project needs financial support to transition from research institution to creating a new company

Your seed stage company needs financial support to hit an eager market

Your expanding company needs financial investment to support its fast-paced growth

About the FIF


The Fongit Innovation Fund (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 any technological innovation applied to Sustainable Development Goals (SDGs). The awarding of FIF support is independent of other Fongit support programs (Geneus, Fongit incubation,…) Read more about the FIF internal rules (French version only). More info about the application process .




The Selection Committee


Fongit follows the applications through the whole process, analyses each demand, prepares, and presents the application to the Selection Committee, along with a recommendation. The Selection Committee’s mission is to decide whether or not to grant the funding applications submitted by Fongit. The Selection Committee is composed of the following members: - Dr. Igor Fisch, representative of the Fongit Foundation Board - Prof. Antoine Geissbuhler, representative of the University of Geneva - Caroline Widmer, representative of the University of Applied Sciences of Western Switzerland Geneva - Kustrim Reka, representative of the State of Geneva from the department in charge of public policy relating to economic development





FUNDING AND PROCESS