Announcing the timeline, Zurich said: “Ten (10) members of Zurich’s global leadership team will choose two to three winning initiatives per category by the end of April. In the next phase of acceleration, which will span four months from the end of May to the end of September, project funding of up to $100,000 will be provided to each of the winning start-ups, along with mentoring from Zurich leaders. and external experts.
“This will allow start-ups, in close collaboration with Zurich leaders and businesses, to validate how their joint solution can meet changing customer needs and prepare an operational business plan for group-wide adoption. By the end of December 2023, the tested initiatives will have started, bringing the joint proposal to life.”
Zurich, which currently works with 30 startups from previous years, will accept 2023 submissions through February 27. There have been more than 4,500 submissions, involving more than 30 countries, in the last three editions.
“Previous championships have shown that the greatest value comes from startups with ideas to disrupt individual parts of the value chain, or enablers, rather than challengers seeking to disrupt the entire industry,” said the group’s chief strategy officer. , Paolo Mantero.
“Our goal is to collaborate together and bring together the best that we and startups have to offer. This is where innovation can make a real difference.”
For Ericson Chan, the group’s chief information and digital officer, competition fosters a new way of thinking.
“[It] it allows us to have access to ideas and solutions that we may not already have,” Chan said. “For participants, it is an opportunity to grow their business and introduce technology-driven solutions that can help meet emerging and changing customer needs.”
More details about the competition structure, intellectual property, terms and conditions, etc., It can be found here.
