Konux, Homey win first place at EIT ICT Labs’ two Idea Challenges in Munich and Helsinki, respectively
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Credit: PR

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

DCM

Credit: PR

Credit: PR

Munich mechanical sensor maker Konux and Dutch startup Homey, which makes a speech controlled home automation system, were named the grand prize winners at the EIT ICT Labs Idea Challenge.

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.

Smart Spaces

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.

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Aviva Gat

About Aviva Gat


Olah Chadasha and former finance reporter from New York City. Gat is a writer, runner and traveler who came to Israel for the good food and weather. She writes for Geektime’s English and global desk.

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  • Dear Aviva,

    I have just noticed that you published an article about the Idea Challenge on Geektime and was wondering if you would be interested in receiving updates on the contest from me.

    The Idea Challenge is a EU wide contest for early stage startups or innovators with ICT related business ideas. We have a total price money of 680k that will be distributed to 24 winners. And we don’t take any equity since we are non-profit! So far we had finals in the categories “Health & Wellbeing, “Smart Spaces” and “Cyber Physical Systems”. We have one more final in June for the category “Future Cloud”. The pitches will take place in Rennes at a Future Cloud Symposium (www.eitictlabs.eu/future-cloud-symposium/future-cloud-symposium). The second submission phase for the Idea Challenge starts on September 1.

    Please let me know if you are be happy to receive more information about it.

    Kind regards
    Sanaz