How Might Fintech & Insurtech Products & Solutions Developed by Female-Founded Startups Increase Wellness & Inclusion?
Sponsor this unique innovation competition and gain access to cutting edge, partnership-ready Fintech and Insurtech startups while helping to advance women in technology .
Background:
– It is no secret that women are underrepresented in the tech world. Only 15% of companies have women on their executive teams.
– Within the Fintech space, only 7% of companies have women on the executive teams, while in Insurtech, this number is only 4%.
– A Babson college study found female-founded companies have a 49% higher valuation at the last round of funding than male-founded companies.
– This added productivity can be harnessed to solve some of the most pressing finance and insurance-related challenges that America faces.
Applicants:
Female-founded startups creating Fintech and Insurtech solutions. Examples include:
– Financial inclusion, wellness, literacy
– Millennial lending & saving
– Digital insurance – creation, access, and distribution for new segments
– Crypto currency and blockchain
Judging:
The competition will be judged by a panel of experts in Fintech, Insurtech and executives from sponsoring companies, who will choose six finalists.
Winners:
Companies in the top six are winners and will participate in a live pitch event in NYC in front of judges. The winners will receive both a monetary prize to further grow their business, as well as introductions to corporations that they have the opportunity to do business and partner with, as well as investors who will be in the audience of the event.
Prizes:
– First place– $10,000 + Introductions to executives at corporate partners + Social media announcement + Dedicated blog post
– Second place– $6,000 + Introductions to executives at corporate partners + Social media announcement
– Third Place– $4,000 + Introductions to executives at corporate partners + Social media announcement
– Fourth through Sixth Place– Introductions to executives at corporate partners +Social media announcement
All Finalists will receive mentorship and coaching
Quesnay has a variety of levels of sponsorship for companies who wish to have different levels of involvement.
– Headline sponsor
– Gold level sponsor
– Silver level sponsor
– Bronze level sponsor
– Event Sponsor
– Individual prize sponsor
Sponsorship inquiries and any questions related to the challenge should be directed to Jennifer Byrne at jbyrne@quesnays.com.
Upcoming Dates:
Online competition submissions are open October 1, 2017 – October 31, 2017
Mentorship for Finalists: November 7, 2017- November 30, 2017
Live pitch event in NYC: Early-to-mid December, 2017
About Quesnay:
Quesnay is an innovation consulting firm that works to bridge the gap between traditional firms and the best innovators and emerging young companies. We drive innovation by partnering with companies to create innovation challenges and have run over 400 challenges with our partner Skild. Innovation competitions drive innovation and growth in large corporations by creating partnerships with new, innovative startups.
