Minister Peter Altmaier is opening the first pitch night of the Digital Hub Initiative of the Federal Ministry for Economic Affairs and Energy this evening. Ten of the most innovative start-ups from the digital hubs are in Berlin to make brief pitches to a jury of leading venture capitalists.
Federal Minister Altmaier said: “We want to help innovations become successful business models. For this reason, we are giving start-ups in all sectors from the digital hubs the opportunity to present their ideas to major investors in order to attract venture capital.”
The start-ups represent the entire range of key German industries covered by the hubs. They include Penseo from the Cologne hub, which is working on digital administration of company pensions, and Finanzguru from Frankfurt/Main, which offers a service based on artificial intelligence. The jury consists of representatives from Cherry Ventures, Atlantic Labs, Rocket Internet, the High-tech Start-up Fund, and UVC.
The Digital Hub Initiative is supporting the establishment and networking of 12 digital hubs, each covering a specific field. The aim is to help transform Germany into a leading digital centre. Under the brand “de:hub”, the close cooperation between start-ups, established companies, research institutes and experts creates a unique, innovative network of different ecosystems. The hubs also attract digital start-ups and investors from other countries into Germany.
The digital hubs include Berlin (IoT & FinTech), Cologne (InsurTech), Dortmund (Logistics), Dresden/Leipzig (Smart Systems & Smart Infrastructure), Frankfurt/Darmstadt (FinTech & Cybersecurity), Hamburg (Logistics), Karlsruhe (Artificial Intelligence), Mannheim/Ludwigshafen (Digital Chemistry & Digital Health), Munich (Mobility & InsurTech), Potsdam (MediaTech) and Stuttgart (Future Industries).