The ten winning startups of the first phase of Baystartup’s Munich business plan competition have been announced.
Baystartup will select the winners of Phase 1 of the Munich Business Plan Competition. A total of 10 teams can look forward to this award, each endowed with 500 euros, and extensive written feedback on their business concept. The award-winning solutions range from a B2B marketplace for animal and plant by-products (Byprotex) to an intelligent sensor platform for the management of forests and climate-relevant ecosystems (FoldAI), plant-based food substitutes (Happy Ocean Foods), and environmentally friendly shipping packaging (Manyfolds).
Sustainability, Software & Robotics
In addition to sustainability approaches, business models from the health and medicine sectors were also recognized. These include a new analysis system for the molecular diagnostics of skin diseases (Dermagnostix), a digital platform to support the treatment of severe mental illnesses (Mindpax) as well as new therapies designed to prevent nerve damage in patients with neurological diseases such as Parkinson's (Neurevo).
Other award-winning startups come from the fields of software and robotics: the teams develop intelligent industrial robots for the processing of textiles (Sewts), quality tests in the production of lithium-ion cells (Crino) and an identity and access management solution for greater IT security (Qbound).
First, important feedback on the business plan
In Phase 1 of Baystartup's Munich Business Plan Competition, a total of 150 startups from Munich and southern Bavaria submitted their business plans. Participants were required to submit a multi-page business plan outline, focusing primarily on their business idea and its customer benefits.
High technical depth
Carsten Rudolph, Managing Director of Baystartup, says:
"The winners once again demonstrate several characteristics of the Bavarian startup scene: a high level of technical depth, a tremendous diversity of topics, and a strong B2B orientation. With genuine innovations, successful startups are possible in all areas."
Startups from southern Bavaria can now apply for competition phase 2 until March 17, 2020, even if they did not participate in phase 1. This time, they are required to submit a business plan of approximately 20 pages, focusing on the marketing concept.
