Innovations at a Glance
German-Indian live pitch with “GINSEP” / Prize money from Karlsruhe
The “India Board Karlsruhe” has already worked successfully on several ocassions and delegations with "GINSEP", the "German Indian Startup Exchange Program", a non-profit initiative of the "Federal Association of German Startups".
The Economic Development Department Karlsruhe supports start-ups – in an online event with a live pitch from Indian and German start-ups. Start-ups from Digital Health, Industrial Digitization / Industrie 4.0 and Mobility had the opportunity to pitch before an expert jury – of course with Economic Development Department Karlsruhe and Pune Office of the “India Board Karlsruhe” by Prof. Carsten Hahn from Karlsruhe University of Applied Sciences.
And the event was in high demand: around 85 start-ups applied in these three categories. The Economic Development Department of Karlsruhe sponsored – with support of the "Sparkasse Karlsruhe" – the award in the category industrial digitization, the strongest category with 43 applications!
For each category, the jury selected the six most promising candidates for the live pitch in advance. These 18 candidates were then able to present themselves – and to meet the jury's evaluation criteria, including Innovativeness, Feasibility, Team, Scalability, Long Term Perspective, Program Fit & Marketability!
The vast majority of start-ups came from India, which is an important signal for business development and the “India Board Karlsruhe”. Regarding the interest of start-ups in partnerships and market entry in Germany. “It's also about acquiring investments or innovative approaches from India for Karlsruhe and the region”, says Ralf Eichhorn from Economic Development Department of Karlsruhe: “In combination with the India Board, we can act in a targeted manner."
Already the introductory rounds were in high demand, as more than 100 participants were connected worldwide and followed the presentations in Pune, Berlin, Nagpur, the US, Karlsruhe or Mumbai. It also dealt with questions of access to the respective markets, what distinguishes the regions, how relevant Indian companies and founders are for the market. Whether investments, deal flows, bureaucracy, cultural differences, shortage of skilled workers, offers for startups or what makes the region interesting for certain industries: The range of questions among the participants was large.
Karlsruhe could score strongly here, is ideally positioned thanks to its own contact point in Pune - can provide first information on site. This opens up exciting fields through precise cooperation.
“BlinkIn”, an AI-powered B2B platform providing Human to Human collaborative solution, “that helps customers with reduced downtimes and onsite visits and Visual Bot that helps in automating troubleshooting and in self-service of devices and systems over sma” , says Dhiraj Choudhary from Bengalore.
“AirProbe”: With cost of solar power dropping steeply, monitoring these assets in a cost effective way to increase reliability and operational efficiency has become important. "Our solution is a drone based system which carries a thermal sensor on-board and the AI based analytics based on the data acquired to generate granular insights to increase efficiency and reliability", says Co-founder Aditya Bhat
"I am excited about the intercultural exchange happening today as well as the degree of innovation and talent we could witness today," said Karlsruhe's Mayor Dr. Frank Mentrup, Head of the India Board Karlsruhe, who personally honored the winners and thanked the GINSEP team, “for putting this high-ranking virtual event into practice.” Their ideas and business approaches are impressive: "Now it is my pleasure to invite you to our young and dynamic city to join the innovation and start-up eco systems on site", said Dr. Mentrup.
With the support of the "Sparkasse Karlsruhe" as sponsor of the "India Board" there is a prize money of 1000 euros, a free stay in the new incubator with its co-working space "Open FUX" in a young and creative environment for an entire month, a way to meet like-minded people. The “Automotive Engineering Network” offers intensive coaching in business plan optimization or technical concept, to speed up idea and success.