German Vice Chancellor announces expansion of the German Silicon Valley Accelerator program
Sunnyvale, California – May 21, 2013
The team of the German Silicon Valley Accelerator (GSVA) is excited to announce the expansion of its program, supported by the Federal Ministry of Economics and Technology. The official announcement was made by Vice Chancellor and Federal Minister Dr. Philipp Rösler during his visit to Silicon Valley on Monday, May 20th in San Francisco. The expansion is a clear sign of the successful results the GSVA program has delivered since starting in 2012. Because of the increased number and quality of applying startups, the expansion was a logical step forward and gives the GSVA Team recognition for their outstanding work in support of German startups abroad. With the expansion of the program, GSVA will now be in a position to support double the amount of companies.
According to Dietmar Harhoff, Chairman of GSVA, “the program has seen a growth in applications of more than 30%” for its bi-annual selection process.” Moreover, “we are also pleased that the quality of the applying startups has continuously improved”, Harhoff said.
With the additional number of startups now supported by the program, GSVA will also open a second location in San Francisco in addition to its current offices in Silicon Valley. For many of the startups focusing on consumer and mobile markets, working out of the San Francisco branch will offer the perfect environment and access to networks crucial for a successful development into leading companies.
The current group of GSVA participants includes
Adtelligence, Azeti Networks, Celonis, Fruux and Mobile Event Guide who have joined the program in April and have celebrated initial successes in building partnerships, acquiring customers and setting up their U.S. subsidiaries since, all milestones in becoming global winning companies.
GSVA is looking forward to receiving the next round of great applications by August 31. The companies selected by the jury will then have the chance of rolling out their business on a global scale. Applications can be submitted at http://germanaccelerator.com/application/.
ABOUT GERMAN SILICON VALLEY ACCELERATOR:
The German Silicon Valley Accelerator (GSVA) is a three to six months acceleration program for German Information and Communication Technology startups in Silicon Valley. It is supported by the German Federal Ministry of Economics and Technology (BMWi), the EXIST Program, and a variety of private sponsors, partners and donors. Its vision is to establish a permanent bridge between Germany and Silicon Valley that facilitates transatlantic startups, provides inspiration and drives innovation and research and development in Germany. Participation in the program is free of charge for all selected companies.
For more information and to submit an application visit http://germanaccelerator.com, engage on Facebook at http://www.facebook.com/GSVAccelerator or follow us on Twitter @GSVAccelerator.


“The start-up scene today in Germany breeds a very different kind of companies, much more diverse and probably a bit more hyped than 15 years ago”, said Kanngießer. He especially pointed to Berlin, which had earned “a beautiful reputation” for starting a business over the last years. Also, he hopes, exchange and cooperation is increasing between the two hotspots Berlin and Silicon Valley. A sure sign for that is the visit of German Federal Minister for Economics and Technology Philip Rösler in the middle of May, who will bring not the bosses of Siemens and ThyssenKrupp with him to the Valley, but 50 young entrepreneurs, who are only just starting.
Bastian Nominacher, founder of Celonis, is also attracted by the attractive business opportunities he sees in the Silicon Valley. Celonis has developed a technology called process mining, which analyzes big data, visualizing business processes running on SAP-systems with a few mouse clicks. Siemens, one of the first customers, uses it to advance its internal compliance, by analyzing the streams of orders, payments and revenues. “Our technology can be applied in a variety of fields”, Nominacher said, “in hospitals, manufacturing, the IT service management space”. As his company is growing, he plans on recruiting a team on the U.S. west coast to “serve the biggest market for business analytics”.










