Berlin, Germany / Palo Alto, CA / New York, NY (April 14, 2016)
The winners are chosen! 18 German startups have been selected to participate in German Accelerator Tech’s mentoring program in the second half of 2016.
German Accelerator Tech is pleased to announce the selection of the winning startups that will spend three to twelve months in New York City and Silicon Valley, where they will benefit from the unique mentoring and coaching program. Out of the big pool of applying startups, 30 finalists were invited to present their business ideas to an international jury of experts after going through an intense multi-tier selection process. The Selection Committee was impressed by the variety of innovative business ideas “Made in Germany” and came up with the following results:
For the Silicon Valley tech program in Palo Alto and San Francisco, the following companies have been selected:
Bird Home Automation
The announcement of the winning companies was part of the bi-annual “Celebrating Innovation” event which took place on the evening of April 14th, 2016 in Berlin. More than 300 people attended the event in the unique venue Fernsehwerft.
In addition to the speakers and companies’ pitches, the Expo-Area presented the heart of the event by providing ample opportunity for everyone to experience innovative technologies. The Expo-Area served as a great spot to connect with some of the brightest minds of the German startup community, discover and play around with products showcased by over 40 startups and celebrate the winners of the evening.
As part of her welcome speech, Parliamentary State Secretary, Iris Gleicke, praised the founders as the drivers of the digital revolution and encouraged the winners to take advantage of the unique opportunity German Accelerator offers and to prepare well for the their U.S. stay. Gleicke also introduced two new important strategic initiatives of the Federal Ministry for Economic Affairs and Energy: The support program “INVEST” which addresses the German startup communty and the venture capital fund “Coparion” in collaboration with the European Investitionsfonds and KfW. The fund will support the growth of early stage tech startups with a volume of approx. 225 million Euros: “These initiatives will further revive the venture capital scene in Germany and ensure that the German economy with the valuable contribution of startups will continue to thrive”, said Gleicke in her final words .
Furthermore, German Accelerator’s strategic partners presented various exciting opportunities for the German startup community: Birgit Gocht, Senior Director Venture Technologies & Strategic Partnerships, Siemens Technology to Business: „Siemens has been developing effective startup collaboration for its business units for over 15 years. Siemens now intends to utilize the positive aspects of startups to a greater extent. With the Innovation AG concept, Siemens is forging new paths to vigorously advance its successful cooperation with start-ups.” In addition, Dr. Heinrich Arnold, CEO Telekom Innovation Laboratories, announced the continuation of the legendary “Startup Night “in Berlin. Esther Prax, Venture Architect Deloitte Digital, praised the diversity of the winning companies and is proud to be a strategic partner of the German Accelerator.
German Accelerator thanks its event partners Gruendel Partners, Hypovereinbsbank , the German-American Chamber of Commerce as well as the CleanTech Innovation Center for their significant contribution to the success of Celebrating Innovation in Berlin.
German Accelerator is now accepting applications from qualified startups, with the application deadline for the next round set at August 21, 2016. The next “Celebrating Innovation” event will take place in Frankfurt, Germany in October this year.
About German Accelerator:
The German Accelerator is a growth acceleration program that supports German startups from Tech related sectors to enter the U.S. market. It provides startups with hands-on mentoring and office space at its locations in Silicon Valley, San Francisco, and New York City. German Accelerator identifies and selects the most promising German startups and assists them in their pursuit of becoming category leaders with lasting competitiveness and success in the global marketplace. The accelerator’s vision is to foster the international growth of German tech startups by supporting them with an effective and efficient entry into the U.S. market with its dedicated mentors. As of January 2016, German Accelerator has expanded its services and now also supports young German Life Sciences companies to enter the U.S. market via Boston.
Participation in the program is free of charge for all selected companies.