The Geneva Foundation for Technological Innovation (FONGIT) is diversifying its support. She now wants to support start-up projects active in sustainable mobility. To do this, it relies on a new financial partner: the Modus Foundation.
The Modus Foundation will now participate in supporting sustainable mobility projects, in collaboration with the FONGIT innovation fund, indicate the Department of Economy and Employment (DEE) and FONGIT in a press release published Monday.
The Modus Foundation was created in 2023 in Geneva. It specializes in the development of projects that promote the development of more environmentally friendly mobility, having the characteristic of having a low carbon footprint.
State Councilor Delphine Bachmann, responsible for the DEE, welcomed the arrival of this partner. *The arrival of a new player in the FONGIT system is part of our desire to open its innovation fund to other sectors of the economy, she notes, quoted in the press release. .
Until now, the FONGIT innovation fund has only financed mainly start-ups active in high technology, i.e. companies in medical technology, information technology, engineering or even those focused on science. the life.
Digital and sustainability
“Projects in the field of digital technology and sustainability, which will contribute to the economic and social transformation of Geneva, are notably themes that we wish to support in the future,” notes Antonio Gambardella, director of FONGIT.
FONGIT was the first start-up incubator in Switzerland. It is financially supported by the State of Geneva which notably funds its fund, launched in 2021. In three years, the canton has invested one million francs in this fund.
Since its creation in 1991, FONGIT has incubated more than 400 promising young companies, 200 of which are supported today. These start-ups have contributed to the creation of more than 1,800 jobs in the canton of Geneva by raising more than 900 million francs.
This article was automatically published. Source: ats
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