Sella is launching the “Artificial Intelligence Business Incubator”, which is described as the the initiative aimed at startups, researchers, entrepreneurial teams, university spin-offs and companies “with projects based on AI technologies in the financial services sector.”
“Artificial Intelligence Business Incubator” is currently underway, the international incubation program supported by Sella and “implemented by its own Venture Incubator dpixel with the support of the Fintech District , which aims to support the initial phase (pre-seed) of start-ups, researchers, entrepreneurial teams, university spin-offs, companies and the most innovative projects in the field of artificial intelligence applied to finance.”
The Artificial Intelligence Business Incubator program is described as “a one-of-a-kind program.”
In addition to the incubation process – with its one-to-one mentoring cycle and masterclasses for business consolidation – it “will in fact offer the possibility of developing selected projects within Banca Sella and together with the Group companies more in line with the solutions identified, providing innovative tools and networking in order to increase market opportunities.”
The program will also “allow access to the skills and support of professionals, entrepreneurs and founders belonging to the Fintech District, the open ecosystem that promotes and guides innovation within the Italian fintech community.”
Areas and projects
The aim of the program is “to research projects, both Italian and international, which develop solutions applicable to banking and financial processes and products, based on technologies such as deep learning, machine learning, generative models and synthetic data.”
Scopes reportedly “include, among others, financial prediction, automated coding, predictive analytics, document processing, personalized finance, direct lending, market research, compliance and fraud detection, and credit scoring.”
The phases of the program
The initiative is “divided into 4 phases and will be developed over a period of 7 months.”
The first involves “the collection of various applications which will be followed by the scouting & selection phase during which a committee made up of experts from dpixel, Banca Sella and the Fintech District will select the 10 projects that will access the incubation program. The third phase is the so-called ‘sprint period’ which consists of participation in masterclasses, individual mentorship sessions and technical consultations.”
In November, during a “demo day”, the presentation and entry of the 10 projects into the innovation ecosystem of the Sella group “is scheduled, with the possibility of accessing vertical communities, investments, acceleration programs.”