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1st BMVI Startup Pitch

Source: BMVI

On 29 March 2017, the Federal Ministry of Transport and Digital Infrastructure opened its doors for the 1st BMVI Start-up Pitch. The Ministry received more than 100 applications during the application period. 32 teams of young entrepreneurs and start-ups were invited to present their ideas regarding digital mobility during the final round on 29 March 2017. The participants had to convince a distinguished jury - consisting of Martina Koederitz (IBM), Ronald Pofalla (Deutsche Bahn AG), Georg F.W. Schaeffler (Schaeffler AG), Frank Thelen (e42) and Thomas Wolf (RIB Software AG) - in only three minutes. The teams awarded prizes by Federal Minister Dobrindt include accu:rate (Munich), Davy (Berlin) and RailWatch (Bonn).

1st BMVI Startup Pitch

Source: BMVI

Federal Minister Dobrindt:

At the 1st Federal Ministry of Transport and Digital Infrastructure Start-Up Pitch, we have brought together creative minds and experienced investors and managers. And the young entrepreneurs and start-ups have impressively showed that it is in the German start-up scene that the best ideas for Mobility 4.0 are being produced. With the prospect of financial assistance from our mFUND, the start-ups are now being given an opportunity to evolve their ideas and consider how to develop them to commercial maturity. The mFUND will provide a total of 100 million euros of financial assistance to digital innovations, thereby creating the best ecosystem for mobility start-ups.

The teams that were awarded prizes are enthusiastic as well.

Dr. Angelika Kneidl from accu:rate explains:

The 1st Start-up Pitch was an exciting challenge and represents a major step forward for us. It was great fun to present our ideas and to convince the distinguished jury of our idea. We feel encouraged that our simulations provide an important added value, though we are still doing a lot of pioneering work.

The 1st Start-up Pitch was an exciting challenge and represents a major step forward for us. It was great fun to present our ideas and to convince the distinguished jury of our idea. We feel encouraged that our simulations provide an important added value, though we are still doing a lot of pioneering work.

Michael Breuer from RailWatch is impressed by the participants' potential:

Young people with great potential, innovative ideas and strong motivation coming together at an event with an impressive, professional and very well moderated atmosphere - this was what the 1st Start-up Pitch was all about. To participate as an old hand among a young company of 32 really good ideas and to win a prize from the distinguished jury was a great surprise for me. And there is another aspect: The attention from the industry has increased a lot with the prize - this shows that we are moving in the right direction.

Moritz Weißenborn from Davy has a similar perspective:

The 1st Federal Ministry of Transport and Digital Infrastructure Start-Up Pitch was a very exciting experience in a great atmosphere. There were so many great teams, and so we are very proud to have been chosen as one of the winners by the jury. This was highly motivating and took us a great leap forward.

The young entrepreneurs from Davy were able to convince the jury with their idea of a fuel cell (hybrid) powertrain for boats. The winning teams will receive financial support from the mFUND.

All participating teams used their chance to present their ideas for Mobility 4.0 to the distinguished jury and almost 300 spectators during the evening. The subsequent networking allowed the young entrepreneurs to establish important business contacts and to talk to potential clients and investors.

The mFUND is the financial assistance programme of the Federal Ministry of Transport and Digital Infrastructure and promotes digital business ideas on Mobility 4.0 via a financial assistance programme, various events and the mCLOUD research platform. Up to the end of 2020, funding totalling 100 million euros is available for this scheme. The planning of further events within the context of mFUND is currently under way.