The decision is official: The five winning startups operate in sectors ranging from BioTech and FinTech to IIoT with a strong focus on B2B.
Dr. Carsten Rudolph, Managing Director at BayStartUP says:
This year, the winners represent the great diversity of the Munich startup scene, but at the same time show the typical focus on business-to-business solutions. For us, it is important to offer the startups qualified feedback even with a great diversity of sectors. For this purpose, we have a network of 150 jurors in Munich alone, which we are constantly expanding.
The Munich Business Plan Competition has been targeting (prospective) startup teams from all over southern Bavaria for 25 years. With this offer, BayStartUP supports the participants in building up their company across three competition phases: starting with the basics of business planning and formulating the business idea, through market research, marketing and sales measures to financial planning. The BayStartUP coaches impart the necessary know-how in accompanying workshops and thus prepare the founding teams for a convincing investor approach and market entry. The winners from the current phase 2 received written expert feedback from entrepreneurs and investors as well as prizes worth a total of 9,000 euros.
Partner
Long-time partner of BayStartUP and sponsor of the event is the HypoVereinsbank.
These are the winning teams
1st place: Invitris from Munich
Invitris is tackling the challenges of antibiotic resistance. The startup develops personalised therapies with bacteriophages (a type of virus) that eliminate pathogens in a highly specific way. Invitris has a proprietary platform technology to produce any bacteriophage safely and in high concentrations. In this way, Invitris can offer completely new and more effective therapeutic mechanisms of action in a highly scalable, parallelised and cost-effective manner.
2nd place: Filics from Munich
Filics develops and builds a new type of driverless transport system for the logistics sector, which can be used to transport Euro pallets or barred boxes in a digitally controllable way. Filics not only optimises the basic transport load, but also creates new applications in the entire intralogistics sector through its flexibility. The minimal footprint of the Filics unit ensures a natural process streamlining and at the same time offers a platform for the digitalisation of the flow of goods. The goal of Filics is autonomous truck loading and unloading within one step, which reduces the process time by more than 70 % to 5-10 minutes.
3rd place: emocean from Unterhaching
emocean offers a real-time "operating system" for machinery and plant engineering that allows seamless communication with and between any machines and applications in the field of industrial IoT. Predictive process optimisation enables shorter production cycles. Downtimes and production losses are avoided and previously expensive cloud-based AI services can take place locally in the smart factory.
4th place: Divizend from Munich
Divizend has set itself the goal of making the refund process of withholding taxes on dividends as efficient as possible for the customer. Divizend uses open banking API interfaces such as the EU PSD2 standard for this purpose. For the refund, Divizend is developing a digital tax assistant that guides consumers intelligently and purposefully through the process. Another important point in the digitalisation is the connection of international tax authorities for the seamless digital transfer of tax data.
5th place: Knowron from Munich
In industry, the status quo for information transfer is still the 100-page manual. Knowron replaces this with a digital personal assistant for plant and mechanical engineering. The solution processes and analyses text-based information sources using algorithms from speech processing so that they can be accessed directly using natural language. This not only simplifies access to information, but also reduces the first-level support volume at the manufacturer.
Andreas Wagner, Head of Special Finance and thus also of Startup and Succession Finance at HypoVereinsbank, says:
In recent years, a startup ecosystem has developed in Munich that is unique in Europe. Initiatives such as the Munich Business Plan Competition have also contributed to this. Its 25-year success story is also reflected in the high professionalism and quality of the startups awarded prizes in the anniversary year. In order to make our contribution to the success of local startups, we have been cooperating with organisations such as BayStartUP for many years and offer founders an advisory concept specifically tailored to their requirements.
Final competition phase 3
Startups from all over southern Bavaria can take part in the final phase 3 of the Munich Business Plan Competition until 18 May 2021. A business plan of approx. 30 pages is required. All information via www.baystartup.de/en/business-plan-competitions.