FONGIT Innovation Fund

Clear intention to create an enterprise and fulfil at least one Sustainable Development Goal 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 Fast-growing turnover, fulfil at least one Sustainable Development Goal 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 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 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 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 Geneva-registered SMEs developing  high tech innovations, seeking to accelerate their business development and/or experiencing digital transformation

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

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. 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