Startup Competition for $75k @ FFiT / by Haley Smith

Female Founders in Tech is hosting their 3rd annual competition celebrating women-led startups addressing key tech opportunities in the financial services industry. Learn more about the competition and how to apply here. 

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Kicking-off the third competition of the 2018 Female Founders in Tech (FFiT) program, launched just a year ago, Quesnay Inc. is welcoming women-led startups with market-ready solutions that address key technology opportunities in the financial services industry to apply at quesnays.com/ffit2018fintech through December 17, 2018.

In addition to introductions to industry leaders, five finalists receive one-on-one advice from experts during a month-long mentorship period, an experience that has been highly valued by both the mentors and finalists. Mentors work with the finalists to refine the pitches that will be presented to judges at the final event which will take place in early March at the PayPal offices in New York.

Additional prizes include access to mentoring and legal advice for finalists as a part of Shearman & Sterling’s FinTech Advisory program, which is dedicated to supporting FinTech startups shaping the future of financial services, and a complimentary delegate pass to the SALT Conference for the first place winner. See the full list of prizes, competition rules, FAQs, and more on the Female Founders in FinTech page.

Who should apply?

You are eligible if your business meets the following criteria:

  1. Female founder, co-founder, CEO, or C-Suite leader

  2. Have a product offering that is relevant to the financial services industry (non-insurance) and that addresses technology opportunities **may have broader applicability than financial services**

  3. Have a Minimum Viable Product (MVP) that has a planned launch or has already been launched in-market ** no cap on previous funding, required experience level, or time in market **

  4. Less than 50% owned by corporation / investor (e.g., Venture Capital firm)

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Why should I apply?

You will have access to a number of benefits and opportunities:

  • All Participants will be invited to the Final Pitch Event at the PayPal Office, 117 Barrow St, New York, NY 10014 on approximately March 7, 2019. All applicants will also have the opportunity to participate in an Ellevest workshop on how to take control of their financial life.

  • Top 5 Finalists will also have access to receive the following:

    • Introductions to potential business partners

    • Legal mentoring and coaching under Shearman & Sterling LLP’s FinTech Advisory Program, which is dedicated to supporting FinTech startups shaping the future of financial services

    • Discounted rate to become part of the Innovation Women network

    • Social media announcement through Quesnay’s channels

      Quesnay will endeavor to coordinate the introductions and announcements with each Round 2 Finalist during and after the Final Live Pitch Event.

  • Female Founders in Tech Prize Winners:

    • Cash prize:

      1. One (1) First Place Prize: $35,000

      2. One (1) Second Place Prize: $25,000

      3. One (1) Third Place Prize: $15,000

    • Winner will receive complimentary membership to Innovation Women

    • Quesnay will also work with the winners of the First Place Prize, Second Place Prize, and Third Place Prize post event to facilitate introductions to potential business partners.

    • Quesnay will feature the First Place Prize, Second Place Prize, and Third Place Prize winners on Sponsor’s website and via Sponsor’s network to raise awareness of each winner’s work.

    • First place prize to receive a complimentary delegate pass, accommodations, and invitations to select VIP events at the SALT Conference | Las Vegas, - a global thought leadership forum of 2,000+ leading investors, policy experts, politicians and business leaders.

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 What types of products and solutions qualify?

  • Product and solutions must be market-ready and relevant to the financial services industry (non-insurance) **may have broader applicability than financial services**. Example companies include:

    • Companies involved in analytics, big data, artificial intelligence, mobile, cybersecurity, payments, blockchain, robotics, digital marketing, Internet of Things (IoT), authentication, wearables, and operations, among others.

    • Companies with demonstrable products, backed by experience and implementation that envision a large enterprise as the ultimate customer.

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