The Isle of Man Fintech Insurtech Accelerator powered by F10 is directed at cutting-edge Insurtech startups with enterprise-ready solutions. The goal is accelerating promising Insurtech companies by facilitating collaborations with leading insurance companies on the Isle of Man, as well as provide coaching & mentoring on a variety of topics in order to accelerate their growth.
Who is this for?
We are specifically looking for growth-stage Insurtech startups that have a proven and enterprise-ready solution within our focus topics of customer onboarding, policy management, and wealth management.
The Isle of Man is developing a welcoming ecosystem for Insurtech businesses and insurance carriers to develop and grow an international proposition. Already home to a successful and continually growing international insurance industry, with a highly regarded regulatory infrastructure, the Isle of Man is embracing the future by creating an Insurtech ecosystem.
This accelerator programme, in partnership with F10, with Isle of Man industry and government support, is an excellent opportunity for those ambitious in the Insurtech and Wealthtech space.
Addmin is a modern document management system democratizing access to advanced files’ organization for entrepreneurs, SMEs & high-demanding individuals while ensuring bigger companies and online services can custom-build on top of its privacy-proof platform.
Kidbrooke helps financial institutions such as banks, wealth managers and insurance companies provide engaging, seamless, and affordable financial advice allowing everyone to make educated financial decisions for their future.
Turns MiFIDII requirements into business opportunities by assessing clients' investment preferences, incl. ESG through behavioral finance and gamification.
KASKO provides insurers with an end-to-end modular platform, bringing their new or existing products to the digital market in the quickest and most cost efficient way
Regsearch is a free regulatory search engine, providing easy access to regulatory information from one location.
Spixii Conversational Process Automation (CPA) platform delivers powerful self-serve allowing prospects, customers and third parties to be more in control and do more without waiting on the phone or online for someone to reply to their query. Integrated with core systems, the automated conversations create personal journeys allowing organisations to efficiently deliver their high-value services online e.g. giving a quote on a product, opening an account, making a change or logging a claim on an insurance policy. Spixii platform provides real-time conversation and process analytics used for continuous improvement of the CX and operational performance.
All-you-need partner for onboarding servies like KYC, Identity Verification, KYB and open banking.
Automate data extraction from documents and workflows using powerful AI.
We look for early stage, pre-seed, pre-revenue startups that are currently raising or about to raise funding. We like to see a developed prototype or solution which has been validated, and ideally early traction.
You don’t have to be incorporated when you apply. But you have to incorporate by the first masterclass.
For the Zurich program we mainly look for startups coming from the DACH region, UK, US, and Europe. If you are incorporated in any other country, you can still apply, but you may need to reincorporate in one of the before-mentioned countries to be accepted into the program.
For the Singapore program: we mainly focus on startups coming from Singapore, South Korea, India, Australia, and New Zealand. For startups coming from other countries in the region, for example Indonesia, Philippines, Vietnam, Taiwan, Thailand, Hong Kong, we are happy to receive your application, but please be prepared to reincorporate in one of primarily mentioned countries in order to be accepted into the program.
For questions regarding the locations please contact the scouting team directly at scouting@f10.global
Yes, definitely. And hopefully next time you will make it to the top teams.
Don’t worry, before the deadline you will receive a notification that you haven’t submitted your application.
If you have any issues with your application, please contact the scouting team scouting@f10.global.
Twice per year, the spring and in the fall again. Keep an eye on our website for updates!
No, you don’t have to be incorporated. But you have to incorporate by the first masterclass.
Step 1: Fill in theapplication form – it will take only 2-3 minutes – once submitted, youwill receive an email confirmation.
Step 2: A few days after the deadline, the top 50 teams will be invited to an online info session where you’ll learn more about the program, our terms, next steps and you’ll have the opportunity to ask your questions.
Step 3: The top 25 teams will be invited for our Speed Dating events in one of our hubs, after which we’ll select the 15 teams that will enter the program.
We typically receive 200-250 applications per batch and we only invite the top 30 to the interviews. Only 10-15 teams make it into the program.
No, we only require that 2 cofounders are present during the 4 Masterclass weeks, but you are more than welcome to stay the whole 4 months if you wish.
No, the program includes more workshops than theory! And you will asked to apply what you learnt to your startup the same day. Also the program includes lots of events that can help you broaden your network and practice your pitching skills.
We don’t accept solo founders, but teams who have minimum 2 cofounders working 100% on the startup.
The time commitment for the program is 4 weeks in total (1 week per month, for the duration of each masterclass week). At least 2 co-founders must be present during that time.
We have a standard deal for all companies joining one of our flagship incubation programs in 2023 (Zurich Batch X, and Singapore Batch V).
We invest CHF 50’000*/SGD 70’000* in the startups selected for the program, in exchange for a small equity stake of 2,5% and a program participation fee of CHF 10’000 / SGD 15’000.
The program participation fee is due after receiving the above investment.
In addition, we may invest up to CHF 500’000 in a following round, with a warrant to invest up to CHF 1m over three years.
Disclaimer: This investment is currently conditional on the date of first closing of our seed fund and go-live early 2023. But don’t worry, you’ll have clarity on the conditions before committing to the program and signing the contract.