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Aviva Ventures brings back “pitch day” | Canadian Insurance
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Aviva Ventures brings back “pitch day”

The insurer plans to invest $170 million in digital startups in the next 4 years

Aviva Ventures is hosting its second annual “pitch day” this fall with the goal of investing $170 million in insurance-focused digital startups over the next four years.

Interested businesses can now apply to be one of 10 digital startups that will pitch their idea to a panel of Aviva advisors on Sept. 19 at Aviva Canada’s digital garage in Toronto. Each of the 10 shortlisted businesses is eligible for up to $10 million in venture investment.

Related: Aviva Canada to invest $15m to fund brokers’ digital innovation ideas

“We saw high demand for disruptors looking to take their businesses to the next level at last year’s pitch day event. We can’t wait to once again collaborate with startups who can offer unique ideas to create positive change,” says Ben Isotta-Riches, the chief information officer of Aviva Canada, in a press release. “We’ve only just scratched the surface in building a massive insurtech community in Canada.”

Aviva Ventures announced its first investment earlier in 2017 in Casalova, one of the 10 companies involved in last year’s pitch day. The Canadian real estate listings website received an investment of $2.5 million from the insurer. Canadian startups interested in participating in this year’s Aviva Pitch Day must submit an application by Aug. 11.

From the archives: Aviva tinkers in its garage