WE OFFER

FINANCIAL SUPPORT

Fongit supports innovative startups at different stages of their journey with
3 types of financing options.

Apply for the next rounds of the Fongit Innovation Fund (FIF):
13 May
5 August
7 October


 

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FONGIT INNOVATION FUND - FIF GENEVA

FIF Supporters

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Fongit Grant

CHF 50k

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 the Sustainable Development Goals (SDGs)

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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

FUNDING AND PROCESS