Record: 11 German Scaleups among Europe's best Deep-Tech innovations

vom 15.08.2018

audEERING, Blickfeld, Toposens, Understand.ai, Cargonexx, Nyris, VISCOPIC, Fino Digital, IDnow, Baqend and gridscale have made it to the finals of the Europe-wide EIT Digital Challenge.
The winners will be announced at the final round in Brussels in October.

This has never happened before: a total of eleven German deep tech start-ups have made it onto the shortlist of the EIT Digital Challenge this year. The prestigious digital competition is taking place for the fifth time in a row and is looking for the best European deep-tech innovations. Deep-Tech stands for highly complex technologies based on scientific research or technical innovations and firing the digital transformation. Startups in the growth phase - so-called scale-ups - could apply in five categories: Digital Cities, Digital Industry, Digital Infrastructure, Digital Wellbeing and Digital Finance. Prizes worth a total of 750,000 euros await the winners.

These are the 11 nominated Deep Tech Scaleups Made in Germany:

AudEERING (Digital Wellbeing) - The Garching-based company has developed a technology for intelligent audio analysis. It uses Artificial Intelligence and Deep Learning to identify acoustic environments, speaker states and over 50 different emotional states. Among other things, the technology can help to analyze the emotional state of patients and telephone partners or to recognize diseases earlier.

Baqend (Digital Infrastructure) - The Hamburg-based company uses innovative caching algorithms for the loading times of websites. Because: According to Amazon measurements, a waiting time increased by 100 milliseconds reduces the sales of web shops by one percent. The Baqend Speed Kit is integrated into a website as a simple script and accelerates it on average by 50 to 300 percent.

Blickfeld (Digital Cities) - The Munich-based company develops and produces LiDAR systems (light detection and ranging) and object recognition and mapping software for the next generation of autonomous machines and vehicles. LiDAR is a laser-based distance measurement technology that measures the flight time from emitted to reflected light. It has thus been identified as the key technology for modern driver assistance systems, robotics and various applications within industry 4.0.

Cargonexx (Digital Industry) - The logistics scaleup from Hamburg heralds a new era of truck transport with artificial intelligence, which it calls "one-click trucking". The challenge: Many truck transports are not organised until the day before loading, which leads to many idle times. Cargonexx's self-learning algorithm forecasts future orders and automatically distributes loads to free carrier capacities, which not only saves time and money for forwarders and transport companies, but also benefits the environment.

Fino Digital (Digital Finance) - Fino Digital makes it easy for customers to switch bank accounts. The app recognizes existing payments such as standing orders and direct debits and offers the user to inform the payment partners with one click. In addition, the Kassler Scaleup has developed two innovative products, Yoli and Finux, which help users to analyze and optimize their financial activities.

gridscale (Digital Infrastructure) - The Cologne Scaleup has developed an intelligent cloud computing platform with which users can move workspaces such as the data center completely or partially into the cloud. The platform includes both Infrastructure-as-a-service (Iaas) and Platform-as-a-Service (PaaS). It enables customers to scale the cloud infrastructure at the touch of a button and automatically adapt to sudden access fluctuations.

IDnow (Digital Finance) - The identification platform of the Munich-based company offers the entire spectrum of digital identity verification so that people can be identified electronically over the Internet in a secure and legally compliant manner.

Nyris (Digital Industry) - Founded in Berlin in 2015, the company has developed software that uses artificial intelligence to recognize objects on images. This "visual search engine" makes it possible, for example, to search for products in an online store using an image instead of text. Results are displayed in less than a second.

Toposens (Digital Cities) - The Scaleup from Munich develops 3D sensor systems based on ultrasound and radar technology and is thus one of the first companies worldwide to develop 3D sensor technology without the use of lenses. The systems can be used in indoor navigation, in the automotive industry, in robotics or in the home entertainment sector.

Understand.ai (Digital Cities) - The Karlsruhe-based company uses self-learning algorithms to process image data for autonomous driving so that vehicles can safely recognize their surroundings. Where normally objects on pictures are lavishly marked manually, the technology from Karlsruhe does this fully automatically thanks to artificial intelligence and machine learning. Objects such as cars, pedestrians or sidewalks are marked quickly and precisely, so that image and video data match the real environment with pixel accuracy.

A total of 200 tech companies from 24 EU countries had applied. "We selected the scaleups very carefully in terms of technology, a compelling business model and rapid growth," says Dominik Krabbe, EIT Digital Challenge Lead. "Now we look forward to learning more about the companies in the final round." The final round will be held in Brussels on 18 October 2018. Here the German finalists have the chance to assert themselves against 13 other scaleups from ten EU countries before an international jury of experts.

The original article in german can be found here.

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