FONGIT Innovation Fund

The FONGIT Innovation Fund (FIF) is a specialized financing vehicle based in Geneva, Switzerland, dedicated to supporting early-stage startups in the life sciences, IT, and engineering sectors. Managed by FONGIT, Switzerland's premier innovation incubator, the fund provides critical financial instruments including grants and seed loans to help entrepreneurs reach technical and commercial milestones. The fund is a joint initiative supported by the State of Geneva, the Fondation de Famille Sandoz, and the Geneva Chamber of Commerce (CCIG). By bridging the financing gap for high-potential ventures, FIF plays a pivotal role in fostering the Swiss biotech and medtech ecosystem. It offers tiered funding levels, including grants up to CHF 50,000 and loans up to CHF 400,000, tailored to the maturity of the startup. The fund's selection process emphasizes technological innovation, social and environmental impact, and economic potential for the Geneva region.