Do you offer an innovative service or technology related to the financial sector?
Apply now for the Swave!
You can apply throughout the year or during the call for applications.
- Being a young and innovative company founded less than 5 years ago
- Being relevant within the themes covered by the call for proposal
- Being in development phase or with a first distributed product
The following criteria will be assessed for every case :
- The innovation brought by the project/product/service
- The business development potential of the company
- The business plan’s credibility and soundness
- The match between the project and our corporate strategic goals
- The quality of the team and its complementarity in business
- The desire/commitment to rent workspace (closed offices or coworking spaces) inside Le Swave’s building
The goals of the Swave
The Swave is located in La Grande Arche, the most iconic building of La Défense’s business district, 10 minutes away from downtown Paris. Our 2 500 m² are divided between coworking spaces, private offices, living spaces and a showroom ; all remarkably connected to the financial sector ecosystem.
The objectives of Swave are:
Fostering the development of young and innovative start-ups of the financial sector. A special attention will be given to the entities in their 3rd year of existence and beyond for this first call for proposal.
Structuring and facilitating collaboration between corporate groups and start-ups on a dedicated platform. Le Swave is a connector. It organises the life of both corporate and start-ups ecosystems and works on creating a sustainable deal flow between them.
Creating excellence in the financial sector.
Leveraging on the expertise of Paris&Co’s network of private and institutional partners.
Being a catalyst of financial innovation in Europe and worldwide.
The platform targets four main lines of innovation
The financial sectors’ jobs are antique but the functions they fulfill have a social use (financing the real economy, facilitating trade, fostering entrepreneurship, managing risks, etc.). However, if the functions go way back in history (five centuries for banking and three centuries for insurance), uses can and must be modernized.
Let’s reinvent the financial sector together :
- Money transfer
- Credit / Project finance
- Crowdfunding / Peer-to-peer loans
The fast-paced technological breakthroughs since the beginning of the 2.0 era were not given sufficient attention from a risk perspective. However, slowly but surely, the issue of cybersecurity was put on the agenda. Indeed, today not a single week can end without a new cyberattack being revealed by the media. By the sensitive data it deals with, the financial sector is especially targeted by hackers and needs to build up its defense to maintain trust. Isn’t the entire financial system built upon the concept of « trusted third-party »?
- Fight against hacking / data protection
- Enrolment / Client ID
- Data integrity / Blockchain
Artificial intelligence & machine learning
Modernizing the uses of traditional finance requires the integration of cross-frontier technological progress. Artificial intelligence and machine learning are today’s the two specific axis of interest for Le Swave. These new technologies can conjure up some fears (even from specialists) and their integration in the financial sector needs to be cautiously and wisely driven to avoid loss of control. The platform and its partners will thus specifically pay attention to the initiatives that are proposed in this field, keeping in mind that the innovative side of the projects is key.
- Machine learning
- Big data
Finance for Tomorrow
Coming back the essence of finance and understanding it as a mean rather than an end, this all comes back to answering the following question : how does the financial sector serve the planet ? The latter will indeed have to face various challenges by the end of the 2050’s (climate, demography, economic growth, wealth distribution in a constantly changing world, etc.). Particularly aware of these long term perspectives, Le Swave and its partners will have a special focus for projects trying to bring solutions.
- Climate finance
- Sustainable finance
- Inclusive finance
- Access to financial services for isolated and poor populations
How to apply?
Step 1: Submission of application
All you have to do is create an account on the Agorize platform and fill in the application form with a business plan or an executive summary.
During a call for applications, other complementary documents may be requested (administrative documents).
Step 2: Pre-selection and study of the file
Your application will be reviewed by the Swave team as well as by the platform partners.
Step 3: Switch to selection committee
You will present your project at a selection committee composed of:
- partners of the platform;
- external experts (entrepreneurs, financers, business experts ...);
- a member of Paris & Co.
The application process, from filing to selection committee, can take up to 3 months and guarantees total confidentiality. Integration within the incubator is based on the available places in our premises located Grande Arche of Defense, 1 Parvis de la Defense 92044 Puteaux.
Paris & Co, a strong signal
Our selection process is fair and objective. Each file is submitted to the appreciation of various trades and partners, each representative on the selection committee having one voice without exception. The favorable or negative outcome of the committee will depend on the number of votes won in the jury. At the end of this process, 10% of the applicants on average are actually integrated.
Join the 20 startups present at Swave as well as the 300 young companies currently supported by Paris & Co.