With summer coming to a close, the changing of seasons to fall promises new beginnings and a refocus of efforts. For our 21 new startups from various industries joining the virtual German Accelerator programs, fall promises to be the beginning of their journey of expansion into the U.S. and Southeast Asian markets.
Germany reached the top spot for the most innovative economy according to the 2020 Bloomberg Innovation Index. Despite changing times, Germany’s response to the pandemic has highlighted pre-existing economic strengths and the intention to continuously grow its startup ecosystem. As part of the country’s pandemic recovery efforts, Germany launched a €130B rescue plan to revive the economy with 50 billion Euros allotted to support the digitization of traditional industries. To aid Germany’s vibrant startup ecosystem, the government also created a special €2B aid package to expand venture capital and inclusively support startups and small businesses from various industries. Resources are not only focused on the key-performing sectors, but also on other sectors that have the ability to sustain the country’s role as top innovator. Hence, we are beyond excited to welcome 21 startups with promising innovations across multiple industries such as Medical, Automotive, Logistics, Gaming, SaaS, and more.
We’re also looking forward to welcoming companies from not just the usual startup areas but from all across Germany. When you think of which cities are the “top startup hubs” in Germany, immediately Berlin, Munich, and Hamburg come to mind. These ecosystems foster innovation, have good access to capital, and a wide talent pool to choose from. In January 2020, Munich was named one of Europe’s leaders when it comes to the number of STEM jobs, with about 360,000 people working in these positions in the city. But don’t count other German cities out, as their incredible talent is creating waves across the innovation landscape. Of the 21 new companies joining German Accelerator’s programs this fall, 47.6% come from cities outside of the usual German startup hubs.
While startup ecosystems around the world have faced challenges due to the ongoing pandemic, many companies are adapting and cannot be stopped in their tracks to global expansion. For some, this is the right time to expand and German Accelerator is here to support these companies as they take off virtually.
Shawn Silberhorn, Co-Founder & COO of BOX ID Systems: “We are excited to meet the German Accelerator network and expand our contacts in the U.S. Our solution is a world-wide solution by design and we are looking for a strong partner network, enterprise customers who operate world-wide, and strategic investors to support our business goals.”
While BOX ID Systems is looking to the West, Orbit and Adaptive City Mobility are planning to go East. Patty Lee, Founder & CEO Orbit Health, is looking forward to “the enriching ecosystem and the meaningful partnerships of German Accelerator [that] not only provide Orbit with the necessary insights to navigate its expansion and growth in the diverse Asian markets, but also the opportunities to promote awareness and establish collaborations.” Chief Business Officer of Adaptive City Mobility, Rajarshi Sahai adds “Asia is our entry market. We need the support of [German Accelerator] to build our networks with customers, investors, governments/cities, and industry partners.”
Thomas Gottheil, Co-Founder & CEO of FRONTASTIC: “German Accelerator has a proven track record of helping German startups starting off in the U.S. and since Frontastic wants to become successful in the U.S. – it is obvious to try to become part of it!”
Have a look at the companies that will join the virtual German Accelerator programs over the next few months and stay tuned for what they have in store: