Aviva Canada announces another industry first by bringing Aviva Ventures to Canada. Aviva Ventures is investing $180 million CAD over the next five years in high-potential digital startups around the globe. Aviva will host their first-ever Pitch Day event in Toronto on October 11, 2016.
The call for submissions is now open and closes August 26, 2016. Through a selection and short-listing process, the top 10 Canadian-based digital startup submissions will pitch to a panel of Aviva advisors in Aviva’s new digital development shop in downtown Toronto for their chance to be considered for an investment of up to $10 million CAD.
“Pitch Day is another way we’re fostering digital innovation in the insurance industry and staying on the forefront of technology that’s cutting edge,” said Ben Isotta-Riches, Chief Information Officer, Aviva Canada. “We’re excited to make investments and collaborate with startups that can offer new, creative and unique ideas to our company and add value for our customers.”
Canadian startups interested in participating in Pitch Day can visit avivapitchday.ca to view the requirements and submit an application. In order to qualify for Pitch Day, startups must specialize in one of four investment categories: ‘The Internet of Things’ (IoT), data and analytics,
distribution or innovative new propositions for customers.
“We continue to thrive in the digital space with a portfolio of businesses Aviva Ventures has invested in so far in the UK,” said Ben Luckett, Managing Director, Aviva Ventures. “We’re ready to hit the ground running to meet the growing market opportunities of high-growth, digital
startups in Canada.”