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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?
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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:

 

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FAQ

Frequently Asked Questions

You are eligible if your business meets the following criteria:

  • Participant must be an Authorized Representative of an Eligible Entity or an eligible individual entrant;
  • Participant (if Participant is an individual) or Participant’s Authorized Representative (if Participant is an Eligible Entity) must be a female (or identifies as female) founder, co-founder, CEO, or C-Suite leader;
  • Participant’s product offering must be relevant to the insurance industry and address technology opportunities as determined by Sponsor in its sole discretion; **may have broader applicability than insurance**
  • Participant must at least have a Minimum Viable Product (MVP) that has a planned launch or has already been launched in-market, as determined by Sponsor in its sole discretion; ** no cap on required experience level or time in market **

For full eligibility requirements please see Official Rules.

You must register on HeroX.com to follow the challenge, leave a comment, or submit an entry to compete in the challenge - but it’s quick and easy!  Click the “Accept Challenge” button on this page and sign up with your name and email address.  

Then, follow the instructions to complete your Submission.

After the Submission Deadline (July 26), submission will be evaluated by a group of online judges made up of leaders and experts from business, academia, public sector, and the venture capital/incubator community.

Following Online Judging, the Top Five Finalists will be announced (August 17) and they will prepare to virtually present in front of a panel of judges at the Final Pitch Event.

Prior to the Final Pitch Event, Participants at every level will receive mentorship and coaching leading up to the Final Pitch Event (all sessions conducted virtually).

Quesnay is a global innovation and strategy consulting firm bridging the gap between young companies and market leaders in disrupted industries.

We have over seven years of experience running innovation competitions in industries including financial services, insurance, telecom, and automotive sectors.

In our early days, we observed fewer female-led startups applying to innovation competitions and a distinct lack of representation across sectors.  The lack of venture capital funding, the vast underrepresentation in leadership positions, and the dearth of opportunities offered to female-led startups all contribute to the lack of participation.

In 2017, we launched the Female Founders in Tech program to tackle these issues by identifying and evaluating innovative technology solutions and unique talent.  To date, we've received submissions from over 650 startups (from more than 63 countries) and connected them to our community of over 200 incumbent businesses and investors.  Entrepreneurs that participate in our programs receive visibility, access to capital, mentorship, and partnership opportunities.

Now, in 2020, we’re continuing with our 4th edition of the Female Founders in InsurTech innovation competition!

If you have a question not answered in the FAQ, we recommend that you post it in the Forum where someone will respond to you.  This way, others who may have the same question will be able to see it.

If you have a question that you do not wish to post in the Forum, please email frank@quesnays.com.

For more details about the competition download the Official Rules.

For more information about past programs, visit:

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