19 startups pitched ideas at EIT ICT Labs’ contests and six were awarded prizes that include money, mentorship and help from the organization’s acceleration program
The two startups were chosen from 311 companies hailing from 25 EU countries that applied to present at the contest, according to the June 3 announcement. Nineteen teams were selected to participate in pitch trainings and other workshops before they pitched their ideas on stage to industry experts, investors, accelerators and entrepreneurs such as Michael Baum, CEO of Founders.org, Stefan Tirtey, director of SoundCloud, Jari Mieskonen, managing partner of Conor Venture Partners, and Risto Valtakari, managing partner of Gottberg Services. The startups pitched either in Munich for the Cyber Physical Systems contest or in Helsinki for the Smart Spaces conference.
Cyber Physical System winners
Konux, created by Vlad Lata, Andreas Kunze and Michael Wax, won the top prize in Munich of €40,000.
“We will accelerate our product development with the prize money, and we are looking forward to create new possibilities and a great future together with the EIT ICT Labs network and offices,” Kunze of Konux said in a statement. Konux makes customized mechanical sensors.
The second prize in Munich of €25,000 went to Kinexon, a startup founded by Oliver Trinchera and Alexander Hüttenbrink that powers the internet of things with sophisticated sensors for centimeter-accurate localization and motion data. Third place of €15,000 went to Stephan Kühr of 3YOURMIND, which makes 3D-printing buttons for CAD programs.
In the Helsinki, Homey, created by Stefan Wittkamp and Emile Nijssen, won first place with its speech-controlled home automation that combines home automation with entertainment systems and information services. QGo of Austria, which helps users avoid queues by quantifying the number of people in lines and estimating the wait time, won second place; and Finland-based Avansera won third place for its advanced real-time consumer behavioral and product performance analytics tool for retail environments.
All six winners received cash to get their businesses running and received a place at the EIT ICT Labs ecosystem that includes leading organizations, universities, research institutes and companies in the field of information communication technologies. The startups also receive six months of office space in an EIT ICT Labs’ co-location center, as well as coaching and mentoring from the organization’s accelerator. EIT ICT is a pan-European education and research-based innovation organization that helps grow talent, technologies and investments in the ICT field.