After London and Johannesburg, startup accelerator and incubator Founders Factory is launching a third city — Paris. Once again, the company is partnering with a corporate backer. And this time, insurance company Aviva France is backing Founders Factory Paris.
Albin Serviant is heading the team in Paris and the plan is to hire 50 people. There will be more corporate backers coming soon, which should give enough runway for the next five years.
For now, given Aviva’s industry, Founders Factory Paris is going to focus on fintech startups. The company plans to develop a hybrid model between a traditional startup accelerator and a startup studio. Founders Factory has already applied this model in London and Johannesburg to launch and accelerate 100 startups.
For existing startups,…