Dortmund/Munich | 5. February 2018
inQventures, the start-up incubator for IT service provider adesso, is inviting start-ups to the second pitch event. The “Start-up Boostival” will take place on 19 April 2018 in Munich and will award the start-up with the best business idea. Interested businesses from the German-speaking world have until 6 April to apply for a spot.
The second pitch event, this time in Munich, will again offer start-ups the opportunity to gain expertise, rapid market access and a financial boost. Like last time, the six selected start-ups will be given the opportunity to present themselves and their business ideas to a high-calibre audience of corporate investors and venture capitalists. The pitch is aimed at B2B start-ups in the fintech, healthtech, insurtech, internet of things, mobility, public and utilities sectors.
A high-profile ten-person panel made up of investors from the finance and insurance industry as well as venture capitalists will once again choose the winner. inQventures has been able to gather together representatives from well-known companies for this: Allianz, Bayern Kapital, Coparion, Deutsche Bank, Redstone, Munich Network, Target Partners, Unternehmertum Venture Capital and WEKA Media Publishing.
The participants will be able to make contacts with corporate investors, venture capitalists and their networks. Along with financial support, strong and rapid networking with the existing industry plays a major role in ensuring a successful launch.
Frank Reinecke, General Manager of inQventures, will again be hosting this year’s “Boostival”: “We are offering the chosen start-ups a chance to attract renowned investors for their ideas and to make valuable business contacts in a short space of time.” Okiko participated in last year’s event and is testimony to this fact. The online payment service provider for children and teenagers was able to attract the attention of Deutsche Bank AG investors who were present at last year’s event (www.okiko.com).
Victor ter Smitten, CEO of Sonah UG, and his team won the Boostival 2017 prize for best start-up idea, and they redeemed it in January: the winning start-up founders took part in an intensive two-day coaching session with adesso experts at adesso’s offices in Cologne. This allowed them to work together to analyse the strengths and weaknesses of the IoT-based business model. The workshop took place in adesso’s Interaction Room and gave the start-up founders an opportunity to get familiar with professional methods for determining what was necessary in order for their company to achieve a rapid and successful entry onto the market.
Victor ter Smitten had this to say: “The open exchange of information with the consulting experts at adesso was extremely useful. The team were quick to understand our way of thinking. We learnt a whole host of new methods to help us understand ourselves and our customers better. The experiences we took away with us were, in the end, worth more than any financial prize.”
Interested start-ups have until 6 April to apply for a spot at Boostival, and their applications must include a pitch deck and a company profile. Other interested corporate investors and venture capitalists are also invited to represent the investment community at the event in Munich. Information on the “Start-up Boostival” event and how to register for it is available at: http://www.inqventures.com/de/start-up-boostival