RWTH: Award for RWTH team in start-up competition
30 European universities took part in the “Stage Two” competition, which was organized for the first time by RWTH Aachen University and the HHL Leipzig Graduate School of Management. At the finale in Berlin, 60 start-ups presented innovative solutions under the motto “For Our Beyond”. Mariya Gabriel, EU Commissioner for Innovation, Research, Culture, Education and Youth, took over the patronage.
Professor Malte Brettel, Vice-Rector for Economy and Industry at RWTH and initiator of the competition: “With the competition, we have managed to give start-ups with enormous innovation potential an international platform at an early stage. You have received direct feedback on your business idea from venture capitalists and potential pilot customers in the industry. I look forward to following the development of the winning teams ”.
From the 60 finalists – two start-ups per university – a jury made up of representatives of investors and industry leaders selected the winners.
RWTH Team “RIIICO”
The RWTH “RIIICO” team around Felix Fink and Jan Büchsenschütz secured the “Deep Tech Investment Award” from the venture capitalist High-Tech Gründerfonds (HTGF), endowed with 600,000 euros. A tool was developed for factory and logistics planners to work together on an AI-generated 3D model. The aim is to reduce downtimes in the planning and implementation of plants and factories.
The “Compular” team from Chalmers University of Technology in Sweden was victorious as “Best Tech Innovation”. The prize money of 200,000 euros was donated by members of the Harvard Business School Alumni Angels Germany. The “Aviant” team from the Norwegian University of Science and Technology was named “Best Business Innovation” and receives 200,000 euros. STS Ventures provided the investment.
The “PEAK Digital Dream Award” went to the “Fimo Health” team from the University of Cologne. The team members were able to look forward to a EUR 150,000 investment from the Amsterdam-based venture capital fund Peak.