Commerzbank, Tenity and neosfer Launch “Joint Innovation Accelerator for Sustainable Finance”

Commerzbank, Tenity, the startup incubator, accelerator and early-stage venture capitalist and neosfer, innovation unit and early-stage investor of Commerzbank, are launching the “Joint Innovation Accelerator for Sustainable Finance”.

The program aims to develop proof-of-concepts and collaborations between start-ups and Commerzbank business units. The aim is to promote innovative solutions in various sustainability areas such as biodiversity, real estate and supplier management.

The program gives Commerzbank direct access to innovative start-ups that have demonstrably achieved product-market fit and are ready to implement successful proof-of-concepts and partnerships. The Accelerator thus contributes directly to the bank’s sustainability strategy.

“The sustainable transformation of the financial sector is dependent on continuous development and regular innovation. We are convinced that the Joint Innovation Accelerator will generate precisely these innovations and further advance our commitment to sustainability. That is why we are happy to support it and look forward to the results,” says Bettina Storck, Head of Group Sustainability Management at Commerzbank.

The Accelerator will run from September to October 2024. The highlight of the program is the Demo Day, which will take place during the neosfer Impact Festival on 30 October 2024 in Frankfurt. The participating start-ups will present their solutions there.

Andreas Iten, CEO & Managing Partner at Tenity, says: “Together with Commerzbank and neosfer, we are driving sustainable financial innovations in this Joint Innovation Accelerator. We are excited about the revolutionary ideas and solutions that will emerge from this collaboration.”

Kai Werner, Managing Director of neosfer alongside Matthias Lais, adds: “Sustainable solutions are also becoming increasingly important in the financial sector. They are a key lever when it comes to the sustainable transformation of our economy. This makes it all the more important to identify new business models in this area and test them under the best possible conditions. This is precisely where the Joint Innovation Accelerator comes in. We are delighted to support the participants with our experience as an innovation unit and our broad network.”

Further information about the Accelerator is available here: Joint Innovation Accelerator for Sustainable Finance