Canadian Underwriter
News

AIG Innovation Challenge for Canadian-based startups in Toronto on Dec. 9


September 13, 2016   by Canadian Underwriter


Print this page Share

AIG Canada, in partnership with the Consulate General of Canada in San Francisco and Silicon Valley, will be hosting the AIG Innovation Challenge on Dec. 9 in Toronto.

Working on futuristic innovation on a touch screen.AIG Canada will select 10 Canadian-based startups to pitch their products, services and technologies to a panel of AIG executives and members of its Global Innovation Team, said an article on BetaKit, a website dedicated to Canadian startup news and tech innovation.

Applications close on Sept. 28.

The first place winner will receive $50,000 and have the opportunity to work with AIG Canada to test out their business concept. Opportunities may include implementing their idea within AIG Canada’s current business, a use case ideation workshop, a technology pilot, strategic partnership, venture investment or introduction to AIG-affiliated accelerator/venture capital partners.

To qualify for the challenge, companies/startups must be a Canadian startup company and the product or technology “must have the potential to disrupt existing markets and be able to scale up rapidly.”

Submissions should relate to:

  • The use of innovative technologies to create new value for satisfaction;
  • Exploring industry specific tools and/or solutions to create new business capabilities, new distribution models or new digital insurance capabilities; and
  • Exploring alternative innovation spaces.

More information is available at https://www-400.aig.ca/contests/aig-canada.