With this launch, Societe Generale Corporate & Investment Banking adopts a pioneering approach in incubation for start-ups specialising in market activities, while strengthening its support of the Fintech ecosystem. The selected Fintech will benefit from SG CIB's recognised market expertise, as well as the backing of the Le Swave incubator based in La Dêfense, Paris.
SG CIB is inviting applications from market-dedicated Fintechs to be part of "Global Markets Incubator by Societe Generale". The incubator will be looking to co-build high-performance offerings, and will be aiming to work with the most innovative Fintechs that add value to services for clients.
Innovation requires ideas, but above all focus, access to data, experts, and the ability to deliver. By joining us, early-stage entrepreneurs can benefit from the required ecosystem and resources to turn their start-up into a valuable business proposition:
"Innovation has always been a key driver of our Global Markets Division. We strongly believe in open innovation, in partnering with best-in class startups for their agility and their unique way of seeing the world. We are very glad to create this incubator, to benefit from Le Swave's solid experience and help Fintechs accelerate their development."
Head of Global Markets
You are eligible if you are a start-up dedicated to market activities. whether it be Equity, Fixed Income, Commodities or Prime Brokerage - and are focused on production, productivity or client connectivity themes, anywhere in the pre-to post-trade chain.
Examples of areas of interests include: risk management, trading connectivity & infrastructure, distribution and front office productivity enhancement, artificial intelligence, alternative data, predictive analytics and much more!
Located in the very heart of La Défense's business district, the Swave is 5 minutes away from Societe Generale's premises.
Start-ups will benefit from the Swave's 2,500 m² of modern office space, as well as The Swave's team of specialists dedicated to start-up needs.
Basalte is the largest trading floor in continental Europe. The area spreads across 5 trading floors, exceeds 43,000 square meters, and accommodates 3,000 workspaces
The following criteria will be assessed for every case:
The innovation brought by the project/product /service & the business development potential
The business canva's credibility & soundness
The match between the project & our corporate strategic goals
The quality of the team & its complimentarily in business
Fill-in the application form and include a description of your business plan
Your application will be reviewed by Societe Generale. Initial feedback to be provided within four weeks.
Present your project to a selection committee composed of global markets experts - from both Societe Generale and the ecosystem.
Starting January 2019
If your project is selected, you will be on-boarded as fast as possible.
A top-tier European Institution with global reach
Societe Generale is one of the largest European financial service groups. Based on a diversified universal banking model, the Group strives to combine financial solidity with a strategy of sustainable growth. Societe Generale's teams offer services to individual, corporate and institutional customers in three core businesses: Retail Banking in France, International Retail Banking, and Global Banking and Investor Solutions.
Within Societe Generale Corporate & Investment Banking, Global Markets is a fully integrated multi-asset class, multi-product platform focusing on delivering high quality investment and risk management solutions to asset managers, pension funds, private banks, banks, insurance companies, hedge funds, family offices, sovereign funds and retail network distributors around the world.Find out more about our expertise
The first multicorporate innovation platform dedicated to Fintech that integrates the entire value chain of the financial sector.
Located in La Grande Arche, Le Swave represents the most iconic building of La Dîfense's business district, 10 minutes away from downtown Paris.
Le Swave follows the governments initiative to foster investments in fintech's and is committed to leveraging on innovation and change to turn them into business opportunities for the financial sector today and beyond.
Societe Generale is the first founding member and the only large bank to partner Le SwaveView Le Swave's website
With a worldwide presence, Societe Generale Global Markets' activities encompasses Research, Investment & Risk Management, Execution and Prime Services solutions across asset classes, delivered to asset managers, pension funds, private banks, banks, insurance companies, hedge funds, family offices, sovereign funds, retail network distributors and corporations around the world.
Global markets answer to the specific needs of sophisticated clients and face unique challenges. We believe the most efficient way to detect and partner with the best fintechs is to have a focused approach.
Societe Generale Global Markets Incubator adopts a pioneering approach in incubation for market activities. The selected startups will enjoy the support and expertise of professionals from Societe Generale Global market activities and Le Swave in the development of their business idea.
They will partner with mentors who are experts in their industry and want to help you to build a successful business. They will also be granted access to the largest trading floor in Continental Europe: Basalte, the dedicated building for Societe Generale's market activities in Paris. In addition, they will benefit from a privileged relationship with the Bank's markets businesses, its global network and resources to help them scale to new markets faster.
We target early-stage startups with at least a thoroughly canvassed business idea. We are looking at those who challenge our industry or those complementary to it. They should either:
- be exploring cutting-edge technologies which would aim at augmenting sales, removing internal inefficiencies or improving client or internal connectivity, or
- having a product which would benefit from the strike force of Societe Generale. Societe Generale would then position itself to be its first real institutional "market" to test, develop, and adapt its product as a first real "POC".
Our areas of focus include: Predictive Analytics, Backtesting, Descriptive Analytics, Actionable Data, Sales Productivity, Trading Platform, Market infrastructure, Scarce Resources Management, Payment & FX for SMEs, Market liquidity, Research, Bespoke documents production, Trading connectivity, Alternative Data, Distribution Channel, Risk Management, Artificial Intelligence, Natural Language Processing, Voice User Interface, Tech for impact...
Absolutely! As long as professionalism and a mutual fit are shown, cooperation is possible.
Sure you can, some of the selected startups might require greater funding at some point throughout their journey.
The business idea is the most important criteria, not the location. However, proximity to Paris will allow you to get the maximum benefit from the incubator resources.
The applications will be assessed through a range of criteria, the following being of primary importance:
- Quality of the business canvas,
- Quality of the team,
- Best fit with the incubator and Societe Generale value added,
- Strong support from Societe Generale market experts.
The initial duration is fixed to 6 months. We will review the options together at the end of this period.
Participating in the program is entirely free over the 6 month period.
There are no standard terms and conditions, they will be discussed on a case by case basis.
Societe Generale Global Markets Incubator is likely to launch a new call for applications by mid 2019.