all press releases all press releases
1st Federal Ministry of Transport and Digital Infrastructure Start-Up Pitch

Source: Federal Ministry of Transport and Digital Infrastructure

This evening, the Federal Minister of Transport and Digital Infrastructure, Alexander Dobrindt, awarded prizes to innovative ideas at the 1st Federal Ministry of Transport and Digital Infrastructure Start-Up Pitch. Previously, 32 teams of young entrepreneurs and start-ups had each had three minutes to pitch their digital business idea from the sphere of mobility to a distinguished jury. The jury comprised Martina Koederitz, Ronald Pofalla, Georg F. W. Schaeffler, Frank Thelen und Thomas Wolf. In addition to valuable business contacts, the prizewinning teams received 10,000 euros and the prospect of further funding from the Ministry's mFUND.

Mr Dobrindt said:

At the 1stFederal 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.

Prizes were awarded to:

  • accu:rate (Munich) with its crowd:it software for crowd simulation: this is designed to answer the question as to how people move in confined spaces. The programme makes a realistic and robust prediction of human movement patterns possible and also takes psycho-social features into account.
  • DAVY (Berlin), a fuel cell (hybrid) powertrain for boats: the aim of the project is to develop an efficient and powerful electric powertrain for boats – consisting of a fuel cell and a battery. The central element will be a control software package that integrates the components into an overall system and enables efficient operation.
  • RailWatch (Bonn), a digital monitoring system for freight wagons: the system collects and transmits information on the technical condition of freight wagons. As a result, maintenance work can be planned on a long-term basis. This creates greater operational safety, enhances cost efficiency and improves availability in the rail freight sector.