Imagination Catalysts’ Wondereur team, co-founded by Sophie Perceval and Olivier Berger, has been short-listed in the second UBS Future of Finance Challenge 2017 (Americas).
Their ground-breaking AI-powered Art Investment engine allows art buyers, collectors and wealth managers to check price fairness before purchase, visualize artists' cultural significance and growth potential, track their collections' performance and strategize art investments in the global art market. “This is a major disruption as art buyers today have to rely on fragmented expertise and incomplete auction data,” said Sophie Perceval, co-founder, Wondereur. “For banks, this is opening a whole new set of services in the wealth management industry (from art investment to art-secured lending), answering their clients' need for portfolio diversification and interest in tangible assets.”
The UBS Future of Finance Challenge is a competition open to start-ups and established, growing companies around the world, through which UBS, a global financial services company, looks for innovative and potentially disruptive technological ideas and solutions that will support the transformation of the banking industry.
Participants have the chance to scale their ideas and technologies by leveraging UBS’s global presence, deep expertise in global banking and ecosystem of innovation partners. Rewards for the regional finalists include $80,000 (U.S.) in cash prizes, up to $200,000 (U.S) to fund 'proof-of-concept'/pilot opportunities, and over 250 hours of dedicated coaching and mentoring from UBS experts and partners.
“Being selected as finalists for the Future of Finance challenge is a great validation of our value proposition and opens up collaboration opportunities with the UBS teams,” added Perceval. “This international recognition is coming at the right time as we are raising a round of seed funding.” The team will participate in the regional finals in New York City on November 7 and 8, 2017.
Imagination Catalyst business incubator is OCAD University’s free, one-year business incubator program that supports up to 25 start-ups.