eSMART will be in Cannes for MIPIM from 12 to 15 March 2024
On December 7th, eSMART, led by CEO and co-founder Fabrizio Lo Conte, participated in a discussion organized by the Technology Fund on the success of eSMART in the fields of technology and innovation. The Technology Fund provides loan guarantees of up to 3 million Swiss francs to innovative Swiss companies. These companies, including eSMART, focus on developing products that contribute to the sustainable reduction of greenhouse gas emissions, the efficient use of electrical energy, the promotion of renewable energy sources, and the preservation of natural resources.
eSMART’s experience in obtaining the loan
Gaining the trust of the government-sponsored Technology Fund was crucial, as the fund’s approval proved highly influential in interactions with major institutional clients, reinforcing eSMART’s credibility in the competitive market for intelligent home management systems. The Fund guided eSMART in quantifying CO2 emission savings, aligning with their commitment to sustainability. Investors appreciated the measurable impact, enhancing eSMART’s appeal in the market. Empowering investors, eSMART leveraged the non-dilutive financing options provided by the Technology Fund, giving equity investors a unique advantage. This approach improved eSMART’s financial position and strengthened its performance profile.
The Technology Fund streamlined due diligence processes, allowing eSMART to accelerate subsequent equity fundraising. Efficiency highlighted the fund’s commitment to fostering innovation and growth. During the webinar, Fabrizio Lo Conte shared some advice for companies or organizations wishing to obtain funding from the Technology Fund:
- Contact the Technology Fund to assess chances of success before applying.
- Familiarize yourself with the due diligence process.
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