At the Munich Business Plan Competition, startups can present their business ideas, receive in-depth expert feedback, and establish important contacts with investors and industry insiders. Baystartup has now honored ten tech startups from 139 submissions in the first of three phases. The teams that particularly impressed the jury with their business concepts cover a broad spectrum of technologies.
Area: Bio- and Medical Technology
- Prop from the LMU Munich is developing targeted, controllable pro-proteins for the treatment of type 2 diabetes.
- Bioexotec from the Technical University of Munich is working on a cost-effective diagnostic solution for early-stage carcinomas based on RNA analysis.
Area: Defense technology
- Muvopt from the Bundeswehr University Munich is developing AI-supported software for autonomous drones that enables efficient coordination and navigation.
Area: Renewable Energy & Nanoscience
- Thermovation from Ingolstadt is launching a compact, cost-efficient heat pump that optimizes heating systems and reduces energy consumption.
- Insyt Technologies from LMU Munich is developing the first non-invasive real-time microscope for ultrafast processes in the nanoscale.
Area: AI, Robotics & Quantum Computing
- Tenum automates DevOps tasks, i.e. the integration of software development and IT operations, for web and SaaS applications.
- Versatile Robotics improves the precision and stability of robots for more efficient human-robot interaction.
- Peak Quantum from the Technical University of Munich is driving forward the industrial use of quantum computing with reliable, error-protected quantum processors.
- Linque from LMU Munich develops photonic integrated circuits for optical information processing.
- Ovrlay offers AI-powered software solutions for automated 3D models and digital twins.
Expert feedback as a success factor
Max Akhmedschin, head of the Munich Business Plan Competition, is impressed:
"The diversity and depth of this year's winners demonstrate the enormous potential of the southern Bavarian tech and startup scene. Our goal is to best prepare startups for market entry and upcoming financing rounds with practical expert feedback and a strong network."
Muvopt co-founder Jeremy Bertoncini added:
“We have been working with Baystartup Munich Startup Festival 2024. We took the opportunity to participate in Phase 1 of the competition to intensively examine our business idea, target group analysis, and competitive strategy. The valuable feedback from experts will contribute to further improving our business concept."
The Munich Business Plan Competition accompanies startups through three phases on their path to market readiness. All participants, not just the winners, receive written feedback from a jury of entrepreneurs, investors, and industry experts. Phases 2 and 3, in which the startups further develop their business plans based on predetermined focal points, continue until the summer. Founders from southern Bavaria still have until 8 April 2025 the opportunity to register for Phase 2 to register.
