FAQ General

RBI regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. Subsidiary banks cover 13 markets across the region. In addition, the Group includes numerous other financial service providers active in areas such as leasing, asset management and M&A.

In total, almost 47,000 RBI employees serve 16.1 million customers in more than 2,100 business outlets, the vast majority of which are in CEE. RBI AG shares have been listed on the Vienna Stock Exchange since 2005. At year-end 2018, RBI’s total assets stood at € 140 billion. The Austrian Regional Raiffeisen Banks hold approximately 58.8 per cent of RBI shares, with the remaining approximately 41.2 per cent in free float.

Elevator Lab is a large fintech network in CEE powered by Raiffeisen Bank International AG (RBI) and offers various initiatives in bringing together the corporate and the startup world. With our strong footprint in CEE (14 markets including Austria, 16.1 million customers) we are a strong partner for every fintech which wants to expand to this region. For every stage you’re in we’ve got the right initiative through which you can partner with us:

Elevator Lab is a leading Partnership program powered by Raiffeisen Bank International AG (RBI) to jointly develop scalable business cases and enable international growth. It is a four-months program organizing the collaboration between fintechs and RBI Group in a structured way. Elevator Lab is looking for fintech startups, with proven innovative fintech products and technologies. Selected fintechs from around the world get the opportunity to work together with international leading experts on a proof-of-concept in order to further develop their business solution. During the program, the fintechs have the chance to be evaluated for a possible strategic long-term partnership with RBI Group.

Many of RBI’s network banks offer fintechs in the local ecosystems the opportunity to work together on a proof-of-concept in the course of their local Elevator Lab Challenge. There are two types of Elevator Lab Challenges offered by our network banks:

1. Standard Elevator Lab Challenge – Single country program for local later stage fintechs to cooperate with the local Raiffeisen Bank. The winner will receive a wild card to the semi-finals of the Elevator Lab Partnership Program. Typically, there are two kinds of winners: Local Hero and Global Hero.

2. Regional Elevator Lab Challenge – Multiple country program for later stage fintechs in the region to cooperate with the local Raiffeisen Banks. The winners will receive wild cards to the semi-finals of the Elevator Lab Partnership Program. As in the standard challenges, there are typically two kinds of winners: Local Hero and Global Hero.

The Elevator Lab Challenge is the best way to get in contact with your local Raiffeisen Bank and is a fast track to the group-wide Elevator Lab Partnership Program. Each network bank organizes the local challenge in cooperation with a partner from their own local startup ecosystem. More details can be found on the respective website of each local Elevator Lab Challenge.

It is a single country program focusing on early stage startups with stimulating new ideas and concepts. The Bootcamps are designed to help early-stage entrepreneurs to grow and to work further on their ideas. The winners will participate in a two-week Digital Entrepreneurship Summer Program 2019 in Vienna.

Raiffeisen Bank International AG (RBI) is organizing the Elevator Lab Partnership Program and taking an active role in the program by providing experts from various fields of business from within the bank to work together with you on pilot projects. Furthermore, RBI provides the framework for the local Elevator Lab initiatives in our CEE markets (Challenges and Bootcamp).

Elevator Lab is closely cooperating with Elevator Ventures. Elevator Ventures is RBI’s corporate venture capital entity. It invests in smart ideas, creative minds and innovative solutions that redefine the future of the financial industry. RBI can play an active role in getting connected with Elevator Ventures. For more information about our venture capital entity please visit www.elevator-ventures.com