The fact that you are reading this shows it: you know the importance of a good pitch! In the world of digital startups, it can easily be the difference between millions of dollars and not a single one. But you might also know: there are as many tips on perfect startup pitches as people who once did one. We want to help you find out the right ingredients for your pitch to convince every investor. Read on for the most crucial tips for your cake base plus those small but very important things that put the icing on the cake of your pitch!
Maybe you are involved with a startup founder every now and then. Don’t you feel they are pretty special people? Most of them are full of courage, determination and ideas. But they couldn’t be more different from each other! To help you see through the founder’s jungle and deal with the various kinds of personalities, we set up a typology of founders. All these types are commonly found in the wild and we are sure you know most of them – or maybe even are one of them? We took a closer look at their lovable quirks and now present to you with a wink: the 5 types of startup founders!
Yes, we know the road to innovation can be tough. But it’s more important than ever to rescue businesses and bring them safely to the path of digital transformation. There sure are several ways to reach this goal. But examples of money pouring into R&D that left the companies empty-handed show that business incubation of startups is the better way for corporations to develop new technology and business solutions. Startups have the disruptive power and lateral thinking ability that are often missing in established companies. And they already come with the advanced, game-changing innovation that might be the solution to your problems! But in order to achieve a fruitful co-operation, a fertile ground is necessary. So better read on and learn how to successfully incubate startups in our quick guide for incubators!
The digital disruption brings great challenges for every business. To stay competitive, companies need high adaptability, innovation and market know-how. But don’t worry, you are not alone! Innovative startups and experienced corporates can team up and use the enormous potential that lies in the synergy of their strengths. And yes, no matter if you are looking for an innovative startup or an experienced corporate – there is a company out there that offers those qualities that complement your business. Together you will be able to conquer all challenges! But how to find your perfect business match? That’s what CODE_n CONNECT is all about. Read more to learn about the benefits of CODE_n CONNECT for startups and corporates.
Digital transformation is currently hitting our working and everyday life with great revolutionary power. It rolls over all industries and challenges companies of all kinds and sizes – from now on nothing will ever be the same. Digital transformation is also the main topic of this year’s new.New Festival, where we will explore innovative solutions of digital pioneers. But let`s start at the very beginning and see what the digital transformation looks like: how can it change our daily work? We have identified 3 trends of digital transformation in your working life.
Up to five times a year, the German-American Chamber of Commerce in New York offers German startups the opportunity to gather valuable practical experience in the US. During the 5-day STEP Program, the participants meet business angels and venture capital investors in New York. Andrea Diewald, Director Innovation & Startup Relations, knows the location like the back of her hand: we spoke to her about the North American market, the differences in mindsets and the key essentials for startups.
What makes the US market so interesting for German startups?
Andrea: The American market is the largest single market in the world. There are 320 million Americans across 50 federal states, which is a huge area of land. The country is characterized by a society that is fundamentally willing to invest: Americans like having things, they follow new trends and their buying power and mindsets constantly push the technology-driven market forward. There are of course a few hotspots on the East and West coasts, as well as a few cities in the middle, such as Chicago, where the willingness to invest is particularly strong.
So alongside Silicon Valley, do these hotspots also include New York City?
Andrea: Yes. When it comes to startups, New York is increasingly on the ascent, since Silicon Valley has now become something of a challenge. The investors there are extremely spoilt, and won’t even speak to everyone anymore. You need first-class introductions and a superb business model to even get an audience there. The cost of good staff is also enormous, and startups have to compete there with the very big firms. In New York, the situation is different – for now – and the conditions are much better as the city is home to a wide range of industries, including fashion, the media, and the insurance sector. There are also the two major industries of IT and FinTech, but consumer goods and service sector startups have plenty of opportunities here too. On top of all that, the New York area is home to as many as 20 million people, and the city has incredible economic potential.
When did your startup program in New York City launch?
Andrea: As a chamber of commerce, we have had a presence in New York for over 60 years, however our program only came into being at the end of last year and has already been held successfully three times. There have been various deals, and a total of seven startups that we’ve networked are about to participate in a Series A investment. We’re particularly proud of one FinTech startup that has programmed software to keep lawyers’ costs under control. We formed this startup via our network with the New York Times, which also showed an interest due to its many legal conflicts and lawyers. The contract was concluded just recently. It’s a great example of how New York is able to connect different industries. More…
Silicon Valley is a magnet for startups seeking investment. Its “cool” image is attractive to young entrepreneurs seeking to make their fortunes. The influx of these billion-dollar wannabes is reminiscent of the California gold rush in the 19th century.
Venture capital firms on Sand Hill Road in Menlo Park, California, have investment reserves that exceed many countries’ GDPs and there are more VCs and angels scattered across the Bay Area than anywhere else in the world. This may make Silicon Valley look like tech’s El Dorado but London’s streets are still paved with gold.
Government support and US big businesses boost London tech scene
Much is made of the lack of investment money in London. Financial support is improving as the UK’s capital city establishes itself as Europe’s foremost tech startup zone. The British government has played a large part in this and has encouraged large US tech companies to set up incubators and accelerators which offer cheap, or even free, accommodation for startups during the vulnerable period when they are establishing themselves.
This vote of confidence from the American mega-companies is beginning to make London more competitive but, to exert any real pressure on Silicon Valley, there still needs to be a greater pool of funding to support later stages of company development, enabling startups to mature and stand a better chance of thriving. According to Tech City, a government funded initiative to support the UK’s startup ecosystem, the money available is increasing annually and has grown tenfold since 2010 to $1.4bn last year. More…
Our Industry 4.0 finalist kumi for health developed a web-based, platform-type software delivered to hospital departments as a service. kumi Flow offers a patient-specific innovative link between diseases, corresponding clinical pathways and tools allowing for care-team-interaction. Within kumi Flow’s smart logistics solution, network- based information (e.g. from sensors/ location trackers) will dynamically drive optimization of Health Care professionals proposed workflows and lead to better provision of care. We talked to Dr. Timothy Mende, CEO of kumi for health about his solution.
Where did your idea for the company come from?
Dr. Timothy Mende (kumi for health): Bad quality of treatment in hospitals and overwhelmed and often frustrated clinicians – both closely linked to insufficient clinical care processes – are problems I experienced daily while working as a physician at a large German university hospital. From there on I was hooked on the idea of making hospitals a safer place for patients and a more rewarding and less cumbersome place for clinical staff. We found our company’s name by looking at our core values: „kumi” means „team” in Japanese – which perfectly fits in with our belief that healthcare provision needs to be teamwork at its very best!
For which kind of audience is your product or service intended and what problem is it solving?
Dr. Timothy Mende (kumi for health): kumi is bringing the digital todo list to where it creates the biggest value: hospitals! Our industry-specific intelligent ‚Wunderlist‘ is to be used by doctors, nurses and further members of clinical teams in the in-patient hospital setting (e.g., a cardiology or orthopedics department). For clinicians we will solve the problem of cumbersome and only partially effective work routines by replacing workflow-related ad-hoc communication and pen & paper todo lists with a smart, engaging and beautiful tool. For patients this approach leads to solving the problem of variant and partly inferior quality of care. Finally, we are helping hospital executives in their struggle to ensure best in class treatment quality and safety while running their hospitals efficiently. More…