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Quesnay's Female Founders in InsurTech 2020

Quesnay's Female Founders in InsurTech 2020

Digital technology continues to transform the global insurance industry. How will your startup fuel essential innovation?
stage:
Enter
prize:
$25,000
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Overview

Challenge Overview

Female Founders in InsurTech 2020 is an open innovation competition targeted at promoting female entrepreneurs with solutions relevant to the insurance industry and address technology opportunities.  This is the third year Quesnay is running a dedicated InsurTech innovation competition as part of the Female Founders in Tech series. 

 

Challenge Question

Digital technology continues to transform the global insurance industry (with the recent pandemic further accelerating change). How will your startup fuel essential innovation?

 

Why Insurance?  

Across the board, women are underrepresented in insurance.  Especially when looking at c-suite positions...

Source: Increasing Gender Diversity in Insurance Leadership

Moreover, women raised only 2.8% of capital invested across the entire U.S. startup ecosystem in 2019 (PitchBook).  The need to elevate female leaders is indisputable.

 

How Quesnay is Solving the Problem

Quesnay launched the Female Founders in Tech program in 2017 to identify and evaluate innovative technology solutions and unique talent for corporations while also providing visibility, access to capital, mentorship, and partnership opportunities to startups.  The series has expanded to include programs in industries including financial services, insurance, mobility, and telecom.  Each program drives employee engagement, inclusion, and promotes corporate-startup collaboration.

Since inception, more than 650 startups from 63 countries have applied and our winners have gone on to raise over $35M in venture capital funding and/or have been acquired by large corporations.

Check out last year's Final Pitch Event at InsurTech Connect in Las Vegas, NV:

 

Guidelines
Timeline
Prizes

Prizes

First Place Winner:

  • $12,500.00 First Place Winner Cash Prize
  • Two (2) hours of one-on-one investment and strategy consultation with InsurTech Israel
  • Featured presentation at an InsurTech Israel pitch event (2020 or 2021)
  • Opportunity for direct access into the Insurtech Competition at Insurtech LatAm Forum (Argentina) and/or Santiago Insurtech Forum (Chile) provided by Digital Insurance LatAm (Spanish fluency preferred)
  • Opportunity to appear on Africa InsurTecH Rising podcast episode
  • Complimentary one (1) year access to the InsTech London innovation community
  • Complimentary access to co-working space at Upward Hartford for up to three (3) people
  • Discounted (40% Off) Show & Tell package for a The DIA Community event (2020 or 2021)
  • Invitation to present at insurance industry event
  • Opportunities for promotion and publicity via Quesnay's media partners (i.e. articles, podcasts, LinkedIn Live with DigitalScouting.de, etc.)
  • Quesnay will work with the First Place Winner to facilitate introductions to potential business partners
  • Quesnay will feature the First Place Winner on Quesnay's website and via Quesnay's network to raise awareness of each winner’s work

Second Place Winner:

  • $7,500.00 Second Place Winner Cash Prize
  • Two (2) hours of one-on-one investment and strategy consultation with InsurTech Israel
  • Complimentary access to co-working space at Upward Hartford for up to three (3) people
  • Discounted (40% Off) Show & Tell package for a The DIA Community event (2020 or 2021)
  • Invitation to present at insurance industry event
  • Quesnay will work with the Second Place Winner post event to facilitate introductions to potential business partners
  • Quesnay will feature the Second Place Winner on Quesnay's website and via Quesnay's network to raise awareness of each winner’s work

Third Place Winner:

  • $5,000.00 Third Place Winner Cash Prize
  • Two (2) hours of one-on-one investment and strategy consultation with InsurTech Israel
  • Complimentary access to co-working space at Upward Hartford for up to three (3) people
  • Discounted (40% Off) Show & Tell package for a The DIA Community event (2020 or 2021)
  • Invitation to present at insurance industry event
  • Quesnay will work with the winner Third Place Winner post event to facilitate introductions to potential business partners
  • Quesnay will feature the Third Place Winner on Quesnay's website and via Quesnay's network to raise awareness of each winner’s work

People’s Choice Winner:

Round 2 Finalists:

  • Introductions to potential business partners.  Quesnay will endeavour to coordinate the introductions and announcements with each Round 2 Finalist during and after the Final Pitch Event
  • Exclusive enrollment in the Chromium Branding Experience, a three-part structured evaluation, consultation, and refinement of brand strategies and materials
  • Opportunity to be featured in a white paper highlighting startup business, objectives, and team members co-authored by Africa InsurTecH Rising and InsurTech Story India
  • Two (2) complimentary passes to attend InsureTech Connect ITC World Tour & ITC Global
  • One-on-one consultation focused on custom sales target strategies with sales training and consulting firm, GetPropulsion
  • One-on-one consultation focused on enhanced communication and presentation best practices from BraverMe
  • Virtual Q&A session discussing best practices for raising capital on the East Coast, with venture capital firm, January Ventures
  • Virtual Q&A session discussing best practices for raising capital in Silicon Valley, with venture capital firm, Commerce Ventures
  • Virtual Office Hour with past Female Founders winner
  • Social media announcement through Quesnay's channels

Top 30 Participants:

  • Introduction to founder of Innovation Women to help access more speaking and visibility opportunities
  • Complimentary one (1) year access to the Innovation Women speaker placement platform
  • Opportunity to attend virtual communications workshop hosted by BraverMe
  • Opportunity to enroll in Sponsor-led workshops, webinars, or office hours
  • Complimentary access to co-working space at Upward Hartford for one (1) person per company

All Participants:

  • Up to $5,000 in AWS Credits (good for two (2) years), one (1) year of AWS Business support (up to $1,500), and 80 credits for self-paced labs.  Note: Startups that have already redeemed $5,000 or more in AWS Credits, previously, will not have access to AWS Credits offered through this competition.  Credits are not stackable, but startups applying through this competition can get “topped-up” to $5,000 in AWS Credits.
  • Opportunity to attend a Cyber Risk 101 workshop hosted by Broad Street Labs
  • Opportunity to attend a Go-to-Market Strategy workshop with GetPropulsion
  • Opportunity to participate in an Ellevest financial planning workshop
  • Opportunity to enroll in Sponsor-led workshops, webinars, or office hours
  • Discounted registration for InsureTech Connect’s ITC Global
  • Invitation to join Quesnay Connect, Quesnay’s exclusive online community for startups, corporate partners, investors, and experts
  • Invitation to attend the Final Pitch Event

Please also see Official Rules for all details pertaining to competition.

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