Almost 50% of Incoming Startups From Outside Typical German Startup Hubs
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:
German Accelerator U.S. Class 2020-4:
- BidX (Darmstadt) offers a software solution for merchants on Amazon to automate and optimize PPC advertisements.
- BOX ID Systems (Munich) develops & offers a specialized logistics supply chain solution in which Industrial customers benefit from making their supply chain logistics processes more efficient and 100% digitally transparent.
- cellumation (Bremen) is an innovative high-tech company offering modular flexible material flow systems for production and logistics markets.
- Deployables Cubed (Munich) develops actuators and deployable structures tailored for nano-satellites and the commercial space industry.
- Frontastic (Münster) offers a cloud platform that accelerates teams in creating mobile-first frontends for the API economy, enabling businesses to easily implement a customer centric digital experience with minimal IT effort.
- HappyBond (Paw Power) (Stahnsdorf) is extending the healthspan of pet(s) with scientifically-formulated dietary supplements to prevent and treat joint pain.
- KoRo (Berlin) is a fast-growing FoodTech startup that sells bulk packaged food products like superfoods, dried fruits, nuts & more to both B2C and B2B customers.
- the nu company (Leipzig) makes high quality, simple, all natural products that are good for you, and good for the planet.
- Targomo (Potsdam) provides web-based location intelligence that enables organizations worldwide to optimize business decisions and actions.
- Walkolution (Garching near Munich) replaces chairs with a manual and noiseless walking treadmill desk changing the way humans work and meet.
- Wisefood (Garching near Munich) produces edible, sustainable disposable tableware. Using only renewable raw materials and by-products of other manufacturing processes.
- Zuper (Munich) is a data-powered financial platform that makes personal finance and money management smarter, easier, and more fun.
- UBIRCH (Cologne) utilizes Blockchain-Technology to secure IoT data based on robust established cryptography and blockchain technology.
German Accelerator Life Sciences:
- HelloBetter (Hamburg) is a global pioneer in the field of e-mental health, offering evidenced based digital therapeutics for a broad range of mental health disorders.
German Accelerator Southeast Asia Class 2020-3:
- Adaptive City Mobility (Munich) developed a breakthrough solution for mass adoption of Electric Vehicles enabling fast scaling of fleets, 24/7 energy supply, higher fleet utilization, and value-added services.
- FDX Fluid Dynamix (Berlin) developed a unique proprietary nozzles technology platform which improves the efficiency of fluid driven processes by employing passive devices.
- iLocator (Hamburg) is a software that helps manage the infrastructure of smart cities. The solution helps city infrastructure asset owners and contractors collect, monitor, and maintain infrastructure assets.
- MegaDev (Munich) creates indispensable subscribable experiences for gamers by letting them customize their single player games with their all-in-one gaming assistant software. MegaDev previously participated in German Accelerator’s Silicon Valley program.
- Orbit Health’s (Munich) device-agnostic AI solution helps Parkinson’s Disease patients avoid the currently inevitable and debilitating treatment-induced side effects.
- Re:ceeve (Hamburg) is a software provider automating digital accounts receivables, messaging, and managing collections campaigns.
- Wingcopter (Darmstadt) develops and marketizes the drones of the future. Their core innovation is a unique tilt-rotor mechanism which ensures a smooth and robust transition between hovering like a multicopter, and efficient forward flying like an airplane.