Frankfurt, Hamburg, Berlin, Munich and now Stuttgart – to name just a few! The Federal Ministry of Economics Affairs and Energy recently announced the launch of twelve digital hubs in Germany as part of its Digital Hub Initiative. The aim of the program is to foster collaboration between companies and business entrepreneurs, thus allowing them to work side by side in close quarters, similar to Silicon Valley. The program will also help fuel collaboration between the German startup scene and industry hotspots. An alliance of regional players, GFT Technologies SE and CODE_n among them, formed a consortium that nominated and qualified Stuttgart as a leading digital hub in Germany. The focus: the industries of the future! The Initiative is a great opportunity to bundle the strengths of the lively local startup scenes, international world market leaders and the excellent science in Germany!
Ta-da! Say hello to our new CODE_n SPACES resident BABYBE medical! Every year, 3.3 million babies are born preterm. The big problem is that current incubators do not have the means to foster brain development in premature babies, who need a womb-like environment with something that feels like the heartbeat and voice of the mother. This can now change thanks to “bionic emulation” of the mother’s body, provided by the ingenious technology of BABYBE! We’re delighted to introduce our new CODE_n community member in the HealthTech/IoT sector: BABYBE medical. We asked CTO and founder Raphael Lang 5 questions about the startup, life as an entrepreneur, and the cool stuff they’re doing.
What comes to your mind when hearing “Stuttgart”? Let’s say, other than CODE_n’s home base, do you think of it as a booming scene for startups? No? Well, you might as well reconsider this since Stuttgart is becoming more and more of an insider tip for starting businesses. Yes, you heard right. This German city is capable of so much more than Maultaschen and Spätzle! Today we discover the strengths, weaknesses and special powers of Stuttgart as a tech startup hub!
Founded in 2011 by Johannes and Greta Kreuzer, the Munich HealthTech startup cosinuss° has grown into a successful company. After pitching the idea at the CODE_n startup CONTEST at CeBIT in 2014, the enterprise has become well established following the development of cosinuss° One. This unique fitness tracker for professional athletes features a convenient and highly accurate heart-rate monitor and also measures the user’s body temperature.
Now the time has come for the startup to break new ground with the latest stellar product in its portfolio: degree°. Launching a Kickstarter campaign in March 2017, Greta and Johannes are turning their vision into reality – to help parents whose children are in danger of suffering a febrile seizure. Learn more about the new high-tech device, the story behind it and the Kickstarter campaign in this blog post, which also features an interview with the founding team.
All good things go by thirteen! Here we are with our last Applied FinTech finalist for the CODE_n CONTEST: Valsight. The Berlin based startup deals with the integration of value driver trees and advanced analytics into the controlling processes of planning, reporting and forecasting. How that works? Managing Director Khai Tran gives the answer!
What is Valsight all about? How did you come up with the idea?
Khai: Valsight is a SaaS solution for enterprise performance management and financial modeling based on value driver trees. The core of our software is a visual modeling editor with a powerful simulation engine that can be used to create financial models, for simulation-based planning and forecasting with predictive analytics. It makes financial controlling more focused and goal-driven by making processes more transparent, flexible and efficient. Our software is especially designed for the needs of management and financial analysts. No programming skills are needed to build financial models or to simulate different scenarios.
Our founding team came up with the idea for Valsight during many years of research with in-memory technology at the Hasso-Plattner-Institut in Potsdam. The growing importance of simulation and predictive methods in financial management combined with the maturity of in-memory technology for ultra-fast calculations was the ideal starting point. We have tested our approach early on with a Fortune 500 company, and have since then focused on building state-of-the-art SaaS software to dramatically improve corporate controlling and financial modeling.
“Digital Disruption“ – that’s the motto of this year’s CODE_n CONTEST. What makes your solution innovative, what makes it disruptive?
Khai: The idea of Valsight is to improve traditional controlling and financial modeling processes with methods like simulation and advanced analytics. Our focus is to empower business users to create complex and multidimensional models themselves and to benefit from statistical and predictive features. The core challenge is to keep a strong focus on the needs of the finance community in order to make even complicated functions easy and intuitive to use. More…
These days, even your bank account switch happens digital and runs off paperless. The next CODE_n finalist in our blog series – fino – offers a digital account switch service. By now, more than 80 banks are using fino’s service, which helps them in the on-boarding process of new customers. We talked to Florian Christ, founder and CEO of fino. In our interview, he tells us all there is to know about his FinTech.
What is fino all about? How did you come up with the idea?
Florian: At the end of 2014, fino started with the idea to enable people switching an existing bank account to a new bank within a few minutes without any paperwork. During that time, an account switch to a new bank was only possible with a lot of paperwork for both the customer and the bank. After building the founding team of fino, the development for the digital account started in May 2015. In September 2015, just six months later, the first version of the digital account switch was ready for launch as a web and mobile solution. Today, two years later, the account switch service has been used by thousands of customers across Germany, helping them to move their old account to a new bank.
Meanwhile, more than 80 banks such as Commerzbank, 1822direkt, Wüstenrot and others are using the digital account switch of fino. The service helps banks in the onboarding process of new customers. Within that context, fino has developed a range of additional digital services in the past six months. All services were developed in close collaboration with banks. This includes a credit card and deposit switch application, as well as new processes for account opening and loan applications. More…
LightFab produces prototypes and series of complex 3D glass parts from customer CAD data. Moreover, the German CODE_n CONTEST finalist (Photonics 4.0 cluster) sells machines to rapidly produce 3D glass parts using selective laser-induced etching (SLE). The LightFab 3D printer is also used for precision ablation, waveguide writing, internal glass welding, and two-photon polymerization. LightFab enables the mass production of 3D glass parts by scaling the SLE process with special high-speed modules. Jens Gottmann, one of the three LightFab Founders took the time to tell us more!
What is LightFab all about? How did you come up with the idea?
Jens: LightFab uses the photons from the fs-laser and the bits in a CAD-file to produce 3D glass things with revolutionary design freedom with the large precision and speed of the LightFab 3D Printer.
Starting about 2005 during our research time at RWTH Aachen University we experienced how the fs-lasers got rapidly faster (MHz) and more powerful (>100W) and it became clear to us, that we need faster digital beam moving systems to get the lasers’ power on the road. Thus, we developed a combination of 3D beam scanning system with micro focus including various modules for extreme high speed deflection. We demonstrated the scaling of the 3D glass printing process using our new high speed microscanner: With a tailored mass production machine we can produce 3D glass parts at costs only known from molded plastic parts. That was the time to bring this technology into the real world and to start LightFab.
The 3 founders and CEO of LightFab from left to right: Jens Gottmann (machines), Jürgen Ortmann (software & machine integration into production environment), and Martin Hermans (production of 3D precision parts)
dynacrowd developed YOU OS to provide a core technology for location-based services needed in app development and the internet. It’s about matching users to micropages based on location, interests, time, gender, and age. Micropages provide multiple functions such as identifying people, groups, events, chats, votes, etc. It’s open to 3rd-party process integration. Revenues are generated through SaaS and PaaS, with options to enter into SDK licensing and micropayment integration for content and services. Want to find out more about the CODE_n CONTEST finalist? Read out interview with founder Christoph Dümmen:
What is dynacrowd all about? How did you come up with the idea?
Christoph: Communication is eating the world. It’s about getting in touch with things that matter. That’s why we founded dynacrowd to build a platform solution for hyperlocal instant connectivity, communication and interaction. It doesn’t matter whether it’s a human, device, service or a beacon no matter whether you want to chat or shop. That’s our vision. And we built the technology to do exactly that.
dynacrowd founder Christoph Dümmen
We saw, that there is no working solution for instant local communication. I’m convinced that just placing pointers on maps isn’t going to be it. Just the question “Which pin is relevant for me on this map?” highlights the limitations of that concept. We knew that we had to come up with a totally different approach to enable people to connect and communicate within their environment. That’s also why we developed the Wasabi Local Messenger Ecosystem as a scalable platform where people, communities and businesses can establish their communication, interaction and businesses’ needs. What is unique about our platform is that each piece of content is rated in realtime for each individual user based on multiple dimensions (e. g. distance, time, age, gender, interests, etc), and in doing that, we provide relevant data to the people instead of thousands of pins around. That makes discovery easy, relevant and fun. Which is really cool, new and contains a lot of business models. More…