22 Top German Startups Selected to Join the German Accelerator Tech Program

Munich, October 23rd, 2017

Last Thursday, founders, entrepreneurs, investors, and others from the German startup ecosystem gathered for the bi-annual Celebrating Innovation event in Munich. The crowd of over 300 guests was eager to find out which startups would have the opportunity to expand to the U.S. market with the support of German Accelerator Tech.

German Accelerator Tech’s selection committee spent two days getting to know 30 of the most promising German companies in person. The startups’ founders were invited to Munich from all over Germany to give a 60-second pitch and answer the selection committee’s questions. Thursday night, the 22 winners were announced during a celebratory event at the Alte Bayerische Staatsbank, in Munich’s city center.

All winners of Celebrating Innovation united on stage
 

In 2018, with the support of the German Accelerator Tech program, the 22 selected startups will have the opportunity to prove themselves in one of the world’s largest markets, the U.S. As part of the three to nine-month program, the startups will receive extensive coaching from the German Accelerator Tech team, hands-on mentoring, free office space, tailored workshops, unparalleled networking opportunities, and much more. They will become part of a vibrant startup community and receive the tools and resources needed in order to successfully and strategically scale to the U.S. – all while being fully immersed in the innovative Silicon Valley, San Francisco, or New York City startup ecosystem.

The program is primarily financed by the German Ministry of Economic Affairs and is completely free for the participating companies – they do not provide any equity nor pay any fees. The goal of the program is to help German companies scale internationally, and, as a result, to create jobs in Germany. The program therefore helps strengthens Germany as an innovation hub and the “Made in Germany” brand.

German Accelerator Tech’s track record demonstrates the success of the program. Thus far, German Accelerator Tech portfolio companies have raised more than $500M, 92% of them are still in business, and 10 have had notable exits. The 22 recently selected program participants have a bright future ahead of them.

Investors who attended Celebrating Innovation, such as Robert Wuttke, founding partner at 10x.group, expressed their excitement: “This event shows how many German startups have a chance in Silicon Valley due to their quality.” Maximilian Vrecko, investment manager at Surplus Invest GmbH, believes that exposure to the U.S. market will benefit the 22 winners: “Every founder who once has had to assert themselves in the U.S., comes back to Germany as a better entrepreneur.”

One of the Celebrating Innovation winners, Toposens, is a Munich-based startup that offers the world’s first 3D sensor system based on embedded software for ultrasound – used for innovative applications such as autonomous parking or anonymous people tracking. Barbara Brauner, Head of Business Development at Toposens, is thrilled about their acceptance into the program: “We are very well connected in the German automotive industry already – now we are looking forward to building our U.S. network with the help of German Accelerator Tech.” Franz Riedl, co-founder and COO of the Berlin-based startup Styla, agrees: “A new market entry is a special challenge. We are convinced that thanks to its workshops, mentors, and network, German Accelerator Tech will be of great help for us in conquering the most important global market.”    

List of selected German Accelerator Tech winners:

Geman Accelerator Tech Silicon Valley:
FRANKA EMIKA
GWA Hygiene
Mesaic
parlamind
RiseML
Tandemploy
timee
Toposens
Twenty Billion Neurons
Uberchord
volabo

German Accelerator Tech New York:
adpack
AMBOSS/MIAMED
DreamCheaper
FinReach
Higgs
Inkitt
ProGlove
Shore
SMACC
Smart Reporting
Styla

About German Accelerator:
German Accelerator Tech is a three to nine-month growth accelerator empowering high-potential German tech startups to successfully enter the U.S. market with a program tailored to their needs. Through extensive hands-on mentoring, free office space, and immediate access to a top-notch network, selected companies are fully immersed in the Silicon Valley or New York City ecosystem right upon arrival. They are exposed to a dynamic international environment and dive into the world’s capitals for innovation and startup success. With the support of German Accelerator, startups save precious time and money in building their business in the world’s largest market. German Accelerator Tech was initiated in 2012 and is funded by the German Ministry of Economic Affairs as well as corporate partners. More than 150 companies have graduated from the program thus far. 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.

Press Contact German Accelerator Tech:
Stephanie Korbely
German Accelerator
433 Broadway
2nd Floor
Mobile: +1 929 382 0965
Email: stephanie@germanaccelerator.com

German Accelerator Selects 20 Startups for Its Mentoring Program in the U.S.

Berlin, May 2nd, 2017

Young tech companies pitch their business ideas in Berlin – and get the unique chance to expand to the U.S. under professional guidance.

What does it take for German excellence to conquer the U.S. market? Since 2012, the secret formula is called: German Accelerator. Last Thursday, the German Accelerator Tech once again admitted promising German startups to its unique mentoring program. In the presence of the German Minister of Economics and Energy, Brigitte Zypries, 20 young companies were selected to join the class for Summer/Fall 2017. Under professional instruction and guidance, they will be given the chance to prove their potential in one of the most important international markets. Talented German founders will have the opportunity to spend three months on location in New York, Silicon Valley, and San Francisco in order to make valuable connections, expand their know-how and gain new experiences. The German Accelerator network consists of 150 experienced mentors who will support the startups. Keynote speaker Dr. Gero Decker, CEO of business software specialist Signavio and former German Accelerator participant, congratulated the winners by saying, “Now go to the U.S. and build the next SAP. Good luck!”

The track record of the government-funded German mentoring program shows that this is a legitimate expectation: So far, German Accelerator Tech alumni companies have raised $150MM in funding after they completed the program. 92% of startups supported through the program are still in business. The program’s five-year track record also impressed Brigitte Zypries, Minister of Economics and Energy: She was happy that, through the support of the German Accelerator, young companies ultimately created jobs in Germany and strengthened Germany as an innovation hub. A venture capitalist attending the event appreciated the high quality of the selected startups: “Many of them I hadn’t had on my radar yet.”

The current German Accelerator winners are happy about so much trust. Each of them had 60 seconds in order to pitch their business to the 400 guests in the Fernsehwerft event location in Berlin. One minute for a business pitch? This is not really a challenge for Sebastian Spies, CEO of Datapath.io – after all, his company’s specialty is speed: “I have 60 seconds. I don’t need them. Tick tack. Datapath.io is faster! No pun intended.” The software of the Mainz-based German startup expedites server requests from corporations. Thanks to Datapath.io, for example, the digital financial service provider N26 can process its customers’ credit card transactions in a faster and safer way. An idea made for the U.S. market and U.S. customers: While in 2015 there were only 955MM credit card transactions in Germany, there were almost 30BN in the U.S.

Great numbers, promising forecasts – in line with this, the atmosphere was exuberant at the event on Thursday. “Celebrating Innovation” was the motto of the evening, and that’s exactly what guests did. Additional entertainment was provided by a verbal exchange between the German Accelerator team and mentors of both New York and San Francisco. Both cities are equally attractive to tourists and entrepreneurs – but which one wins over the other? Ram Srinivasan, tech mentor for German Accelerator in San Francisco, promoted his location: “We love the outdoors to relax from all the hard work we do.” Christian Busch, CEO of German Accelerator Tech in New York, retaliated: “Entrepreneurs want to come to New York City because they feel among themselves – driven people!” Also, the culinary offer in New York was unparalleled: “New York wins in food choices anyday!”

List of most recent German Accelerator Tech winners:

New York

Acellere

Adsquare

CONTENTSERV

Crossengage

Hornetsecurity

MovingImage

Spectrm

SpeechAgain

 

San Francisco/Silicon Valley

360Dialog

Cleverciti Systems

Datapath.io

DyeMansion

Ferroelectric Memory

GreenPocket

Loodse

Perdoo

RE’FLEKT

Terraloupe

Ubimax

Understand.ai

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.

For more information and to submit an application visit germanaccelerator.com, check out LinkedIn, engage on Facebook or follow us on Twitter.

Press Contact German Accelerator Tech:
Stephanie Korbely
German Accelerator Inc.
433 Broadway, New York, NY 10013
stephanie@germanaccelerator.com

 

Growing a Digital-First Lifestyle Brand Panel

New York, February 23, 2017

As part of a start and ongoing Thought Leadership Series, German Accelerator Tech invited an interactive panel on how to grow a digital-first lifestyle brand. Discussions revolved around how modern lifestyle brands leverage digital channels to create sustainable brands for the modern consumer.

The invited panel consisted of a group of 4 experts from the digital and traditional lifestyle and fashion space, who shared valuable and attention-grabbing insight with the 60+ guests that found their way to the top floor of German Accelerator New York’s office on the corner of Broadway and Howard Street. CEO of German Accelerator New York, Christian Busch moderated the Discussion. Topics included, but were not limited to, making your first million in sales, brand identity spending, digital versus traditional lifestyle brands, brand collaboration, fundraising, and hiring talent.

View from the top floor of German Accelerator New York’s office building.

 

Our exciting panel for the evening consisted of:

  • Nina Faulhaber – Co-founder of ADAY
  • Jan-Niklas Kokott – Head of Product at Glossier
  • Sarah Lubas – Director of Merchandising at Burberry
  • Melissa Mash – Co-founder and CEO of Dagne Dover

 

Nina Faulhaber, Forbes 30 Under 30 Retail & Ecommerce honoree, Goldman Sachs and Index Ventures alumna, and Co-founder of ADAY. ADAY is a New York-based direct-to-consumer brand creating minimalist, technical and sustainable wardrobe staples that simplify life and will last through all seasons. Nina made it a point how important it is to be innovative while staying true to who you are and who you want to be.

Niklas Kokott, honoree of this year’s Forbes 30 Under 30 in the category Marketing & Advertising and Head of Product at Glossier, has led the company’s reputation as a social media magnet. Glossier is a digitally native beauty brand that makes essential, easy-to-use skincare and makeup products.

To bring someone in that can provide a very mature non-startup perspective, we invited Sarah Lubas, Director of Merchandising at Burberry. Sarah has over 15 years of experience in the luxury apparel industry and oversees the development and execution of merchandising strategies for Burberry-owned stores and digital channels throughout the Americas.

To complete the panel, we also invited Melissa Mash, CEO and Co-founder of Dagne Dover, a performance-driven brand known for creating the perfect bag for every occasion. After studying at New York University and working at Coach in New York City and London, Melissa attended business school at Wharton, where she came up with the idea of a sophisticated bag for women.

The audience thoroughly enjoyed the panelists’ openness and willingness to share their experience in the digital lifestyle sector.

 

If you are a twenty-something female, who is fairly active on social media, chances are that you’ve seen each and every single one of the panelists’ companies pop up in your social feed. And we are not talking about the annoying kind of sponsored posts, but rather the kind of posts that speak to us in a way as if it was meant to be. But not just the women in the room were intrigued by the panelists’ discussion. The ideas, concepts, and insight were relevant to everyone in the room, no matter the gender or age.

About German Accelerator:

German Accelerator Tech supports high-potential German technology startups and emerging companies in quickly evaluating and successfully entering the U.S. market. We provide access to outstanding mentors, office space in Silicon Valley and New York City, valuable connections and the knowledge and expertise required to scale quickly.

For more information and to submit an application visit germanaccelerator.com, engage on Facebook or follow us on Twitter.

Press Contact:
Marie Klemme
German Accelerator Inc.
433 Broadway, New York, NY 10013
Email here.