Starting in October, the German Accelerator will send a total of ten startups to Silicon Valley and New York. The young companies can count on the support of the German Accelerator's experienced team and mentor network as they expand into the US. Fun With Balls, a startup from Munich, is also involved.
Management consulting, logistics, finance, gaming, sensor technology — the industries in which the winners of this year's US Class selection process operate could not be more diverse. But there is one common denominator: All of them have German Accelerator advertised because they want to expand their products into the USA.
“We will benefit from the extensive network and many years of experience of the German Accelerator program,”
means for example Sven Merten, Managing Director USA of Comatch. Mertens' startup has developed a platform that connects companies with independent management consultants.
Avoid typical mistakes and make relevant contacts
German Accelerator not only provides support through its network and experience, but also provides practical office space. Participants are provided with free office space for three months, either in New York or Silicon Valley. Since the program is supported by the German Federal Ministry for Economic Affairs and Energy, startups are not required to sell company shares or pay a participation fee.
Nevertheless, the startups are aware that they are facing difficult times ahead. Benjamin Federmann, Co-Founder and CEO of the logistics management startup doks.innovation, states:
"We've now built a solid customer base in Europe, and we're now looking to get off to a flying start in the US. Thanks to the experience of the German Accelerator team, we hope to avoid common mistakes, quickly establish relevant contacts, and thus position ourselves sustainably in the American market."
Fun With Balls: Revolutionizing Classic Sports
With Fun With Balls A Munich-based startup is also part of the new US Class. The young company aims to combine sports and gaming, revolutionizing traditional sports. Fun With Balls has already launched an interactive squash court as its first product.
The list of selected participants of the German Accelerator Class 2019-4:
- 12 Grapes GmbH (Bunch.ai): analyses the collaboration of teams, for example on Slack, and thus provides practical insights into the company culture.
- BF Worldwide GmbH (Buckle and Seam): sells customizable leather bags.
- Comatch GmbH: provides straightforward access to management consultants who, with their specific expertise and experience, drive company projects forward.
- doks.innovation GmbH: digitizes logistics management in warehouses by automatically generating data, automating inventory management and continuously delivering all relevant information in real time.
- Donut Technologies GmbH: is an app that enables wealth building through micro-investments in Bitcoin and other digital assets.
- Fun With Balls GmbH: combines sports and gaming using technology, offering sporting fun for the whole family.
- Hoss GmbH: integrates renowned European furniture manufacturers into a cluster platform.
- Inuru GmbH: thanks to digital surfaces, can make any type of packaging shine in an environmentally friendly way and at low prices.
- LiveEO GmbH: uses satellite imagery to monitor large-scale infrastructure networks in the vertical rail, power and pipeline sectors, enabling operators to save operating costs.
- The AI-powered platform of scoutbee GmbH: allows corporate procurement managers to gain deep insights into their suppliers and thus make better purchasing decisions.
