The startup acceleration program Protechting reinforces Fosun's contribution to the Global innovation ecosystem.
Lisbon, October 31st, 2018 – Fosun will announce the winners of the Protechting competition at Web Summit 2018, one of the largest technology conferences in the world. This is the third edition of Protechting, a startup acceleration program developed by Fosun and its portfolio companies Fidelidade (one of the largest Portuguese insurance companies), Luz Saúde (one of the largest private health care groups) and the German private bank Hauck & Aufhäuser.
The final pitch of the competition dedicated to Healthtech, Fintech and Insurtech will be held on November 8th, at 10h30, in Pavilion 3 of the Web Summit venue, in Lisbon.
During the largest and most international event for technology, entrepreneurship and innovation, the six Protechting finalists will make their final pitch before the judges composed of high-level representatives from Fosun and its portfolio companies.
Vincent Li, Vice-President of Fosun and Chairman of Fosun Insurance Group will provide a key-note speech alongside Rogério Campos Henriques, Vice-President of Fidelidade.
The three winning startups will be announced by Vincent Li and Jorge Magalhães Correia, President of Fidelidade Group. Sandra Freimuth, Executive Board Member of Hauck & Aufhäuser and Isabel Vaz, CEO of Luz Saúde, will also attend the ceremony as partners of Protechting.
The six finalists, that will have the opportunity to pitch at Web Summit’s stage, will be selected in a first round that will take place on November 7th, among the 12 startups that were developing a pilot project inside Fosun’s portfolio companies since June.
The Protechting program, in association with Fidelidade and already on its third edition, reflects the Group’s commitment to the development of a global startup ecosystem, by giving entrepreneurs a chance to make their dreams come true, and allowing them to collaborate with some of the most significant national and international players, such as incubators, venture capital funds and other entities.
The three winning projects to be announced during the Web Summit will be awarded a roadshow in China, with access to some of the world’s biggest investors, as well as the opportunity to integrate and develop their businesses with Fosun, Fidelidade, Luz Saúde or Hauck & Aufhäuser.
The winner that is distinguished with the best business model will also receive a 10-thousand-euro monetary prize.
During the Web Summit, which will take place from 6 to 8 November at Fil and Altice Arena in Lisbon, Fosun and Fidelidade will also host parallel events promoting networking opportunities between startups, partners and investors present at this conference dedicated to innovation and entrepreneurship.