AXA: Insurance Group Supports European Startups
“This is a good opportunity to provide financial support to talented European start-ups, but also to develop areas of collaboration between our Group and creative and agile structures”, is Frederic Tardy, Group Chief Marketing and Distribution Officer of AXA quoted saying in a press announcement, about the insurance group partnership with the first edition of the Hello Tomorrow Challenge, an international start-up competition.
The Hello Tomorrow Challenge aims to support young European entrepreneurs who are trying to address some of today’s major global problems thanks to new technologies. The international event had been running a competition for the past three months between more than 2,000 projects in over 30 countries. There are 5 categories: Energy, Biotech/Medtech, Big Data, IT Com, Hardware robotics, each of which includes 5 selected teams.
The 25 selected teams had the possibility to present and support their project in front of a jury of professionals and investors on the 18th of April in Paris, during the “First Dayof Tomorrow”, held in la Cité des Sciences et de l’Industrie.
Overall, this challenge has €400,000-worth of awards to support entrepreneurs, and the grand winner receives a 100,000€ prize. After the competition, a comprehensive plan will be put in place to accompany the winner and the finalists and support them throughout their company ’s development (incubation, crowdfunding…).