Get ready to innovate with Zurich for the fifth edition of its startup program

Against a backdrop of unprecedented technological advancement, Zurich Insurance Group (Zurich) is launching the fifth edition of its global startup program, the Zurich Innovation Championship. This means it is time for all Malaysian startups to strut their stuff and show the world what they are really made of.

Ready, Set, Innovate!

As the largest open innovation contest for startups in the industry, the Innovation Championship invites startups from all across the globe to sign up for one of four categories for the chance to work with Zurich locally and globally, joining more than 50 already ongoing collaborations.

Moreover, what sets the Zurich Innovation Championship apart is its matchmaking approach, global reach and the close collaboration from the outset between participating startups and the most compatible business units in the organization. Country executive teams select the startups they are most passionate about working with.

Teamwork Makes The Dream Work

This allows business units to collaborate with startups that are the best fit for them and their specific challenge. Then ten members of Zurich’s executive leadership team choose the global winners (the startup and the business unit judged together) where they see the greatest global potential.

The ten winning startups now enter a validation phase, stretching four months from the end of May to the end of September 2024, receiving project funding of up to USD100,000. During this phase, the startups work closely with the country teams and receive further coaching as well.

Real Solutions

Together, they prove how their joint solution can deliver customer and business value and prepare a plan to adopt it locally and ultimately across the Group. The Championship culminates in an Innovation Demo Day in September 2024 where the successful initiatives will present their achievements.

As in previous years, startups can sign up for different categories, with ten winners across the following categories, specifically, Commercial Insurance, Digital Simplification, Life & Health and Retail P&C.

Find out more on the Official Zurich Website.