Stories

BAVARIA’S MINISTER OF ECONOMIC AFFAIRS FRANZ JOSEF PSCHIERER VISITS WERK1 WITH BR

At WERK1 we have frequent visits from representatives from politics and the Ministry of Economics. But that the newly elected Bavarian Minister of State for Economic Affairs chose WERK1 as the location for one of his first official appointments made us especially happy. And it again underlines the importance of entrepreneurs, startups and their support of the ministry in recent years and in the future. Together with a team from Bayerischer Rundfunk, the minister was remarkably laid-back and in a good mood on 27 March for over an hour at our house and on close contact with young startups. Finally, he certainly took the opportunity to be inspired by the creative and ambitious atmosphere in the building.

“We recognize the importance of the entrepreneurs for the economic future in Bavaria by the fact that we have meanwhile created 12 digital business incubators at 22 locations throughout Bavaria. WERK1 is of course one of our showcase projects, of which we are very proud.”

Franz Josef Pschierer, Bavarian Minister of State for Economic Affairs, Energy and Technology

During the tour our startups Smartlane, Crashtest Secruity and myChipsBox had the opportunity to briefly present their work in WERK1 and to explain once again the advantages of working in a digital business incubator – as well as their significance for the digital development of the Bavarian economy. With the digitalization of the middle class, data security and conscious nutrition and/or ecological packing could be made clear to the Minister also at three large subject areas, on which challenges founders in Bavaria concern themselves at present concretely. Afterwards the way led past a hackathon, which was organized by chance as part of our Digital Health Accelerator. Thus the minister once experienced live how a new surprise, another team or a whiteboard with creative ideas hides itself in WERK1 almost around every corner.

Afterwards, our coworking space became an interview area: Mr. Pschierer answered a few questions to Bayerischer Rundfunk about his plans for the development of the Bavarian economy in the next few years and which focal points he would also like to set in the area of development of the automotive industry in the coming years. Afterwards our WERK1 managing director Dr. Florian Mann spoke to describe from his point of view what is necessary to further improve the conditions for entrepreneurs in Bavaria. Of course, he also took the opportunity to give the Minister some wishes from WERK1’s point of view: “In this context, we would wish that we continue with this determination, do not stop where we are now and can develop a greater impact”.

We are already looking forward to our next visit and a continued successful cooperation with the Bavarian State Ministry under the new leadership of Mr. Pschierer.

PRESSEBERICHT & SOCIAL MEDIA

BR24 – 28. März 2018 – Franz Josef Pschierer bei jungen Start Ups unterwegs

FIRST DIGITAL HEALTH ACCELERATOR IN MUNICH FROM ROCHE, WERK1 AND PLUG AND PLAY

WHAT IS BEHIND THE DIGITAL HEALTH ACCELERATOR PROGRAM IN MUNICH?

Based on the successful start of Future X Healthcare Event (www.fxh2017.com) initiated by Roche in November 2017 we combined the power of Roche, leading the healthtech industry with WERK1 and Plug and Play, the world’s largest Accelerator and established  a new Digital Health Accelerator at WERK1

The main idea of the program is to provide a learning and exchange platform between Digital Health startups and experts in this field. Everything turns around passion. Whatever business you set up, you must have a passion for it and this is exactly what the Digital Health Accelerator Program aims. By involving genuine startups into our program, we are not discovering the healthcare future but creating a new one. Together we are moving forward to the future.

“For large corporations, one of the key opportunities of working with startups is to iteratively develop solutions in an agile way. In the Batch Zero of the Digital Health Accelerator Roche is co-creating solutions with 5 transformative startups from all over Europe in WERK1, which is provides the ideal environment for it.”.Jochen Hurlebaus – Program Head of Digital Health Accelerator and Head of Innovation Management at Roche Diagnostics

W1 Forward Digital Health Program is a tailored five months program, that helps startups to explore the market insights and learn during the first, intense four weeks (exploration phase) and in the next four months (co-creation) to work systematically on joint use cases with Roche Pilot “Owners”.

“The Roche Digital Health Accelerator Program promises to become one of the few successful accelerators I have seen in the last decade. In my eyes, the reason is that the people behind the program are driven primarily by curiosity and not by self-interest. It goes without saying that this interest must be served too – but rather as a consequence than as sole purpose of the program. This attitude is key for fostering novel business models.”
Dr. Benedikt Zacher – Mentor

Currently there are five startups working in the program:

1. Fibricheck

Fibricheck is a medically certified screening and monitoring application on prescription for the detection of irregular heart rhythms, including atrial fibrillation

2. inveox

Inveox provides automation of sample preparation in Histopatholog

3. Medicus.ai

Medicus.ai is an AI-based platform that explains and interprets medical reports and health data, turning numbers into meaningful insights

4. SagivTech

SagivTech provides research and development solutions in the fields of computer vision, machine learning and deep learning as well as hard-core code optimization for various hardware platforms.

5. StethoMe

StethoMe is the first medical diagnostic device of its kind – one that monitors the respiratory system and measures body temperature in a precise but user-friendly way.

PHASE 2 BEGINNT

The Exploration phase of the program has just ended and during the past four weeks all participants could dive into mentoring sessions, networking moments, setting their business/pilot goals and having lots of insights.

We, at SagivTech, are extremely happy with the opportunity to be a part of Batch Zero of the Digital Health Accelerator of Roche, WERK1 and Plug and Play. The mix of great mentors, valuable connections and good advice is unique. The W1 team provides a great back wind for our activities and the intense sessions help us focus and sharpen our product development process. We enjoy excellent facilities, meetings with high rank technological and business leaders and view our participation in the Digital Health Accelerator as a crucial asset!
Chen, Co-Founder of SagivTech

Now, we are currently working in the co-creation phase for the next four months: teams are focused on working with Roche Pilot Owners and other expers in order to bring their use case to the next level.

“Based on startups needs and Roche Pilot Project requirements” we’ve just set up activities for the next phase and we’are happy to to create a bridge between these two worlds and help them to to work together on novel solutions.
Anastasia Stoycheva, Business Development Manager WERK1

At the end of the Co-creation phase, they will present their pilot project during the Demo Day, which takes place on June 7th in Munich.

More information about the program and startups: www.werk1.com/digitalhealth

DIGITAL HEALTH MEETS INSURTECH – MEET THE ARCHITECTS OF OUR FUTURE HEALTHSYSTEM

It’s not often that we start sweating before an event. But for the event “InsurTech meets Digital Health” we were pleasantly surprised at first by the number of registrations, but in the meantime we were afraid that we would not be able to offer space to all interested parties. In the end, however, we presented ourselves once again in WERK1 as a competent host.

INSURTECH MEETS DIGITAL HEALTH

But from the very beginning, InsurTech and Digital Health have a firm place in the WERK1 thanks to our W1>>Forward programs – what could be more obvious than bringing the two worlds together and this is exactly what we did. On February 19th, together with our partners, the InsurTech Hub Munich and Roche, we organized the first official meetup for the digitization of the insurance and healthcare industry at WERK1. With over 350 registrations – including a waiting list of 70 people – we were afraid that we would not be able to accommodate all interested participants. But we didn’t have to turn anyone away, and in the end all of them were accommodated in our event space, which was filled to the last seat.

FROM THE PITCH TO A PANEL DISCUSSION

The stage initially belonged to four up-and-coming startups: Fibricheck, Ottonova, SkinVision, Teleclinic, some well-known names in startup communities and all of them pitched their concepts in front of assembled experts. These came partly from large companies in the industry, but also from potential investors. Short keynotes from Munich Re and Schön Klinik gave an insight into the current challenges facing both sectors. In the following expert panel, moderated by Dr. Dominik Pförringer, Benedikt Zacher – CEO of BK Ventures, Dr. Jochen Hurlebaus – Head of Central R&D Services – Innovation & IP Management at Roche Diagnostics, Carol Wildhagen – CEO and co-founder of Ariana Health and Dr. Regina Vetters – Head of Digital and Innovation bei BARMER discussed the need to digitalise both industries and gave tips on how to be successful in their field of business. All in all, a round program in which almost all those present found themselves in one way or another.

Around 9 p. m. the official program was over and everyone who was present could enjoy a nice round of snacks and drinks. There was also time for networking and direct exchange among each other.

We are looking forward to continue to provide new impulses for the insurance industry and the health care sector from WERK1 with creative startup concepts and a platform for direct exchange. Our WERK1 community can only benefit from this as well.

EVENT FEEDBACK

Thanks to organization via Meetup we got a lot of interesting feedback directly after the event – thank you very much. Here are some excerpts:

FROM WERK1 ON A BIG TOUR: SMARTLANE PROVIDES THE INTELLIGENT SOLUTION FOR THE LOGISTICS INDUSTRY

When experience, entrepreneurial spirit, the right idea and the necessary know-how from the fields of IT, logistics and transport come together, the framework for a successful digital start-up project is in place – as in the case of Smartlane. Together with a little jump-start from WERK1, it becomes a common success story.

Since mid 2015, the founding team has been developing a solution for automated, digital delivery management. The underlying technology is based on the combined knowledge of more than 20 years of research at the interface between IT and transport at the Technical University of Munich. Smartlane uses Big Data technologies to integrate highly dynamic internal and external data. Routes can thus be optimized in real time – with regard to the resource utilization of the fleet, fuel costs, traffic volume and much more – and drivers can be controlled in a targeted manner. The team’s goal is to establish the standard for modern delivery and service logistics with the most intelligent and user-friendly software. The result is simple and impresses the customers at the same time: Reliably high service quality, sales increase, cost reduction and relieving the employees.

Smartlane’s vision: The complete automation of the logistics industry.
Florian Schimandl, co-founder and managing director of Smartlane:

With its SaaS solution, Smartlane combines maximum automation, outstanding intelligence and state-of-the-art usability in a single product. With our cloud-based software, we offer medium-sized companies in the field of supply logistics the easiest entry into digitalisation. It is possible for our customers to understand the trend of on-demand logistics not as an insurmountable challenge, but as a major and above all sustainable opportunity and to use it profitably.

WELL DEVELOPED AT WERK1

With moving into WERK1 in January 2016, Smartlane also had access to financing coaching – carried out by BayStartUP. Successfully: At the end of 2016, the startup was able to present a successful first financing round by a family office. After the transformation of the UG into a GmbH, the team also expanded – the first employees in the areas of marketing/PR and design/branding were hired and a larger office space at WERK1 was taken up. In addition to the team, the software has also grown and in the middle of 2017 the first version of Smartlane was launched. Even that with success. In the meantime, Smartlane is represented throughout Germany, partner of DER KURIER (the express division of GLS) and also involved in the Deutsche Bahn for the optimization of freight wheel tours. In order to further expand sales and development – and thus grow – a second round of financing is now in the pipeline, which will again be accompanied by BayStartUP.

SMARTLANE AND THE WERK1

At WERK1, Smartlane is a great example of how we want to support ambitious founders in realizing their vision: Attractive and affordable offices of any size and the ability to offer more room for growing businesses in the short term, access to our community and effective coaching to overcome difficulties in the early stages of start-up. But let’s ask the founders of Smartlane themselves:

Why do you have your offices at WERK1 and would you recommend this step to other startups in the digital sector?

Florian Schimandl – CEO Smartland

Florian from Smartlane: Definitely. We can consistently recommend WERK1 and the associated infrastructure. Be it the regularly taking place tasty Werksfrühstück, the offer of workshops and events, the atmosphere in general,… the WERK1 offers in our opinion a great platform for startups to exchange information. Even though the topics of the individual startups in WERK1 are broadly diversified, we still have to realize that the problems are mostly the same and an exchange between them is therefore very valuable. In addition to the exchange of ideas, WERK1 also offers the opportunity to grow – a very important aspect for startups. Therefore we can only agree with the statement “the WERK1 is probably the most startup-friendly place in Munich”.

Startup: Smartlane
Website: https://www.smartlane.de/
Contact: https://www.smartlane.de/kontakt/

WERK1 AND ROCHE TEAM UP TO LAUNCH FIRST ACCELERATOR FOR DIGITAL HEALTH IN MUNICH

WERK1 and Roche are working together to advance the digital tramformation of the health care system and are establishing the first digital health accelerator for startups in Munich. The programme aims to promote digital innovation, creative thinking and open communication between industry and the startup scene, based on the experience and contacts Roche has gained through Future X Healthcare.

The WERK1 as a hotspot of the digital startup scene and as an already successful organizer from the W1>>Forward-InsurTech Accelerator, offers additionally the necessary know-how to create a powerful and for all involved parties profitable accelerator.

“With the’ Digital Health’ accelerator, which officially begins its work today, we are strengthening the startup scene in Bavaria. With Roche, we have a competent partner at our side. I hope for digital innovation, creative thinking and an open exchange between industry and startups.”
Ilse AIgner, Bayerns Wirtschafts- und Technologieministerin

“We are delighted to be able to welcome such excellent startups and industry experts and to develop new ideas and concepts in the field of digital healthcarehere from WERK1.”
Dr. Florian Mann, CEO at WERK1

INTERNATIONAL STARTUPS AT WERK1

“Batch Zero” of the program was launched on 5th February 2018 and until the end of June magnificent international startups will be able to use the facilities at WERK1 free of charge to work on their concepts with the help of Roche mentors and experts from WERK1. Our new residents are: FibriCheck from Belgium, Inveox here from Munich, Medicus from Austria, Sagivtech from Israel and StethoMe from Poland – all startups with enormous disruptive potential for the entire industry.

At the beginning, all startups were able to present their concepts to an interested audience and the first working rounds with the mentors took place.

If the pilot phase is successful, the accelerator will be strategically developed and expanded together with other partners from the healthcare sector.

Current pictures and information can be found on Facebook and Twitter under the Hastag #w1digitalhealth.

Here are some first impressions of the Kick-Off on February 5th

PRESS COMMENTARIES

Focus Online: 5. Februar 2018
Munich Startup: 6. Februar 2018

Health.Reminder: 5. Februar 2018
Pharma.Relations: 6. Februar 2018
Startup Valley: 6. Februar 2018

GLOBAL GAME JAM AT WERK1 – A WORLDWIDE ORGANIZED HACKATRON

Once again the Global Game Jam was on the agenda: a worldwide organized hackatron, where beginners and professionals could develop video games together from Friday to Sunday. The Games/Bavaria team organised the event over the entire weekend at WERK1. A total of 804 locations – networked worldwide – took part in the event. Special highlight: Due to the professional implementation of the live stream, the Munich stream was part of the official live stream of the organizers for several hours and was shown and mentioned several times.

We wold like to thank Games/Bavaria for the professional organization. Some fabulous games have been created that you can see here: Website
A total of 10 partly elaborately planned and executed games have been created.

In 2018, the Global Game Jam was celebrating an anniversary: for ten years now, this special form of creative game development has been taking place around the world once a year. The participants are committed to developing a game and sharing it with the world in 48 hours. The WERK1 was the only event location in Munich – the excitement and enthusiasm of the participants was correspondingly high – an important day for the game developer location Bavaria.

In addition to the technical topics, the mixed teams are an important part of the event. Beginners can work with industry veterans to gain first insights and make important contacts. At the same time, professionals have the chance to think “out of the box” and try out completely new genres or mechanics in addition to their everyday projects. This is certainly one of the main reasons why Global Game Jam has been one of the most popular events of its kind for years.

Thanks to CipsoftElgato we were again able to provide a fully catered venue with 48h Livestream, extracts of which can be found here.

Süddeutsche Zeitung Online: 28. Januar 2018

STARTUP-COACHING FOR TEENS WITH MYCHIPSBOX, FLIXBUS & THESIMPLECLUB – VIPS: ILSE AIGNER AND PHILIPP LAHM

This is how we like to see our WERK1: full house and young people, with creative ideas and entrepreneurial ambition in the exchange of experiences with successful startups.

Startup Teens visited WERK1 on January, 22nd 2018 and organized an exclusive meet-up for over 180 invited guests, including around 100 teenagers and startup entrepreneurs from myChipsBox, Flixbus and TheSimpleClub. There were also many prominent guests among the visitors: among others the Bavarian Minister of Economic Affairs and Media Ilse Aigner and the former soccer player and today’s entrepreneur Philipp Lahm were there to actively support the event. The young guests were also treated by the social media influencer Diana Löwen.

WERK1 AS EVENT HOST

Philipp Lahm, Ilse Aigner, Hauke Schwiezer, Dr. Florian Mann

Our managing director of WERK1, Dr. Florian Mann, as host he was allowed to open the event and after a short welcome, he was happy about the opportunity at WERK1 to bring young creative minds together with the experience of already successful entrepreneurs.  Because is exactly what he is personally delighted to do and what would be his vision for WERK1: Young entrepreneurs with ambitious ideas for the future under the roof of WERK1, where classic entrepreneurship has been at home for more than half a century and to bring these walls back to life with a digital entrepreneurial spirit.

Afterwards the word went to the founders themselves. Everyone presented their personal motivation to found their own company and which particular challenges they had to master personally and entrepreneurially on the way. Ilse Aigner then advised the young people to “always be curious” and not to fear new challenges and Philipp Lahm turned his back on his sporting career and tried to motivate the young people for big upcoming tasks.

For one more hour, the young people themselves were allowed to ask their entrepreneurial role models questions. Some used this to ask more general questions about the entrepreneurial spirit or the step-by-step set-up of a startup company. Others got very concrete and used the opportunity to present their own ideas to the experts and to get actual tips for further steps. It quickly became clear how digitally versed the young audience was: with topics such as cyrpto currencies or blockchains, the full digital expertise of the experts was in demand. In this context, Ms. Aigner pointed out the importance of digital incubators in Bavaria, such as WERK1: There, there would be the appropriate offers to seek support such as coaching or mentoring for your own startup project.

With drinks and relaxed networking in the café of WERK1, the first joint event of the Bavarian Ministry of Economic Affairs and the Startup Teens Initiative came to an end. We at WERK1 are happy that we could be their hosts.

PRESSESTIMMEN

Bild – München (Print): 23. Januar 2018

Süddeutsche Online: 23. Januar 2018

FROM WERK1 INTO THE SUPERMARKET: MYCHIPSBOX TELLS ITS SUCCESS STORY

Many startups start with a personal problem of the founders. For this reason, Erol and Ebru Kaynak from myChipsBox have also started their mission to change the world of crisps in a sustainable way: Disappointed by the offer in their local supermarket, the couple took the initiative and developed their own range of high-quality crisps – only the best organic ingredients and a lot of creativity in the recipes. Unwanted ingredients such as glutamate or yeast extract can’t be found in these crisps. Just pure taste of the meticulously selected ingredients. Depending on the variety, you will find not only the classic crips but also vegetable or fruit chips in the box, which provides a special kick of taste.

The box itself is also part of the new generation of crips: every good product requires modern marketing and a sales idea. Instead of the usual bag, the crisps are protected from outside pressure in the practical box and during a cinema evening with friends, they are practically noiseless nibbling fun. The result is a modern “Bio-Chips-Duette”, matching the current spirit, stunningly crispy, exciting and delicious.

But it was a long way: 88 failures had to be coped with for 12 tasty variations. But failure is also part of success. The two founders know this from many years of experience. Both are proven experts on their fields and together a perfect team: Ebru, as food technician and ecotrophologist, ensures that the highest quality standards are maintained, while Erol, as a business graduate and former investment banker, controls sales and finances.

“DIE HÖHLE DER LÖWEN”
(SHARK TANK)

During a TV presence in the program “Die Höhle der Löwen” (German version of the US-Show Shark Tank), the young startup company was able to present itself and its crisps to an audience of millions and thus quickly raise its brand awareness nationwide. They managed to inspire three of the five lions for their product: The decision was made for the retail expert Ralf Dümmel, who provided financial and professional support after the show.

MYCHIPSBOX AT WERK1

In the premises of the old “Werksviertel” in the middle of Munich, the team works directly next to the old potato track and continues the tradition in its own way.

And at WERK1, the young company is still on the road to success. Together with the two founders, 10 people create unique moments of joy every day. Together they bring the founders’ vision of creating more variety on the crisp shelf to live. And this mission is not yet complete. From the creation of further varieties to the production of own ingredients, the startup still has great goals.

Startup: myChipsBox
Website: https://mychipsbox.de/
Contact: https://mychipsbox.de/kontakt/

MISSION ACCOMPLISHED! INSURTECH HUB AT INTERNATIONAL TRADE FAIR DIA

Numerous highly informative discussions, intensive exchanges and close contacts to both existing and potential partners: The Digital Insurance Agenda (DIA) congress, at which InsurTech Hub Munich e.V. presented itself as one of the trade fair partners, was a great event for the network. “Once again we showed how attractive Munich is for InsurTech companies. It is impressive to see that participants from all industries, big reinsurers  and insurers, start-ups, tech companies, journalists and politicians agree and say: we will make the insurance industry more digital and we will do it together” , Tom Van den Brulle, 1st Chairman of InsurTech Hub, has a thoroughly positive track record.

No fewer than 1,000 decision makers from 42 countries around the world, from Australia to Canada and from Argentina to Japan, transformed the third edition of the DIA into a superlative InsurTech event. One of the highlights was undoubtedly the appearance of Daniel Schreiber, founder of Lemonade and a kind of Steve Jobs in the InsurTech industry. But the numerous lectures by other start-up founders also captivated the audience.

The good mood was also reflected in the atmosphere at the InsurTech Hub booth. Top-class guests and conversations shaped the two DIA days. International investors looking for innovative start-ups, as well as Bavaria’s Minister of Economic Affairs Ilse Aigner, learned about the ideas for the future on site. Another highlight was the demo day of the W1 Forward InsurTech Accelerator. The five start-ups of the second batch presented themselves to the professional audience and received a lot of praise. The feedback collected clearly showed that InsurTech Hub Munich has found its firm position as the leading InsurTech network.

FURTHER STATEMENTS

“Pairing up the Demo Day of our W1 Forward Accelerator program with DIA provided our startups with an exceptional platform. They were able to present their products to an audience of more than 1,000 highly targeted InsurTech experts. As a result they’ve got extremely valuable contacts to investors, corporate partners, industry leaders as well as international peer startups. All this reflects very nicely what the InsurTech Hub Munich and WERK1 are all about: connecting the dots”.

Dr. Florian Mann, CEO WERK1

“InsurTech Hub Munich and DIA: What a great event where many new insurance ideas have come into our view. We are completely satisfied. The live presentations as well as the direct exchange were great. 35 business cards and about 50 vital discussions at the stand are the best witnesses. ”
Andreas Gensch, CEO und Co-founder treefin AG

“We deliberately chose Munich as the venue for the DIA. According to our database, Munich is already the de facto Insurtech capital of the world. With the now participating Insurtech Hub Munich, it is certain that the central position will be further expanded. ”
Roger Peverelli und Reggy De Feniks, DIA Gründer

Quelle: 29. November 2017 von Christian Krause auf www.insurtech-munich.com

SUCCESSFUL WORK AT THE W1 FORWARD INSURTECH ACCELERATOR: RECAP OF THE DEMO DAY 2016

Just a couple of months ago five finalists began their hard and very successful work at the W1 Forward InsurTech Accelerator. As you might remember, the W1 Forward InsurTech Accelerator is hosted at WERK1 and supported by  insurance companies, namely Allianz, ARAG, Die Bayerische, Generali, HUK-Coburg, LV1871, Munich RE, Nürnberger, Swiss RE, VKB.

So no wonder the Technikum, just a few steps away from WERK1, was crowded by some illustrious guests from bavarian politics, top executives from the insurance industry and of course a lot of founders and startup people. More than 150 guests were welcomed at the first ‚W1 Forward InsurTech Demo Day‘ excited to see what the startups were about to present.

After a short and enjoyable speech highlighting the ’small wonder‘ of bringing together the supposedly old fashioned insurance industry with fast paced and agile startups, Franz Glatz welcomed Bavarian Minister of Economics Ilse Aigner and the co-initiators on the stage. She ran through a short, but pithy speech about Bavaria having the right, if not the best ecosystem for founders and startups.

This was followed by more speeches: First there were Dr. Robert Heene of VKB and Torsten Jeworrek of Munich Re. Who were involved in the very early days of the W1 Forward InsurTech Accelerator. Again it was about the culture clash between the slow moving insurance world and the vivid startup scene. However, as Dr. Heene pointed out, the industry is learning fast: It took just ten days from the first draft to the final proof of the W1 Forward InsurTech contract. They also enjoyed working with the startups in workshops and mentoring.

Finally, Bavarian State Secretary Franz Josef Pschierer shared his current mission of the Bavarian Ministry of Economic Affairs: Driving forward the digitization of society and economy by – among others – creating the best environment for startups. He stated our work and how initiatives such as W1 Forward Accelerators help creating those environments.

Eventually the stage was for the startups and with the first pitch the highlight of the evening started. We’ve noted down a short recap and quotes.

Snapsure

WERK1 - Alumni - snapsure - Logo

What they pitched: An insurance bot and an AI platform which allows the insurance industry to generate customized and instant offers based on image informations. Insurers can integrate Snapsures white label API into their front ends like customer apps, broker apps, marketplaces, interactive ad banners or sales campaigns.

Best quote on stage: ‚Insurances are complicated, incomprehensible, old-fashioned and unsexy. We want to change this with Snapsure!‘

Minnosphere

What they pitched: A ‚Next Generation Underwriting‘ (NGUW) System which simplifes and improves the existing insurance underwriting processes. The innovative solution combines the power of machine learning algorithms and business rules. The aim of NGUW is to convert big data into automatic decisions.

Best quote on stage: ‚Finally, when you managed to get an Insurance, then we should call it a relationship. But i dare to say, that insurances don’t have relationships with their customers and vice versa.

MotionsCloud

WERK1 - Resident - MotionsCloud - Logo

What they pitched: A mobile and artificial intelligence claims solutions for non-life insurers and claims handling companies with the aim to reduce claim cycle time, claim expenses and and also to improve customer experience at the point of claim. A customer centric mobile AI solution to settle insurance claims that meet the customer expectations in the digital world.

Best quote on stage: ‚The point of claim is the point of pain!

Leonhard-MacDonald Ventures

What they pitched: A B2B SaaS solution called AdaEngine. A lightning fast real-time big data analysis and prediction tool. The AdaEngine turns insurance and financial analysts into data scientists by enabling them to build AI powered real-time modelling and simulation applications from Excel spreadsheets.

Best quote on stage:‚Our future gives you the latest Big Data technologies and advanced AI and Machine Learning algorithms to make your prediction and forecasting easier and more fun and more timely.‘

Nect – Smart Digital Identity

What they pitched: Nect, a single, verifed digital ID for customers which will be globally usable across insurers, to securely log in, sign up, send or receive encrypted Data and also making one click insurance possible. But Nect also aims for other industries which shall lead to data transaction possibilities across industries, opening up ways for new business opportunities and innovative insurance products.

Best quote on stage:‚I can say it in an other way: I can‘t remember all these shitty passwords. Do you know the most used menu point on customer care portals? Yes, it’s ‚I forgot my password!‘‘

So what is the conclusion? Well, all pitches were remarkably professional and everyone agreed that the five finalists are bound to be successful.

And how did the startups benefit besides coachings and support of the accelerator? During the Q&A session after the pitches all startups seemed to agree on one point: Without the W1 Forward InsurTech Accelerator they would never ever have gotten the deep industry contacts they acquired during the last few months. This alone seemed to be worth it.

Of course there was more than just speeches and pitches. Afterwards there was enough time for having a drink or two and of course for networking. Also each of the five finalists had a small booth where visitors could watch demos of the various solutions and have chat with the founders. At the end everyone experienced an interesting and valuable evening.