FONGIT INNOVATION FUND (FIF)
FIF Supporters
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).
Fongit Grant
CHF 50k
Fongit Seed
CHF 100k
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