Intel Ignite was launched in 2019 and has been active throughout Europe from Munich since 2020. Through the program, startups get the opportunity to collaborate for twelve weeks with both Intel technology experts and investors, entrepreneurs, serial founders, and leading industry experts.
For the current batch, a total of 240 startups from across Europe applied, and 10 founding teams were selected. Over the next 12 weeks, they will receive customized mentoring on topics such as fundraising, go-to-market strategy, marketing & sales, and technology and product development. The program will also cover mental health, the value of diversity and inclusion, and managing founder dynamics.
Intel Ignite: participants from Munich
Deepscenario: Founded in 2021, the AI startup Deepscenario develops a solution that enables companies to train, test, and validate their autonomous driving systems at scale. At its core is the ability to capture the real world in a scalable way and automatically extract traffic scenarios from it with precision. Their automotive industry customers can use it to train and test algorithms for self-driving cars many times faster. In October 2022, Deepscenario secured seven-figure funding.
Luminovo: Luminovo develops software for the electronics industry to optimize communication and processes along the value chain in the product lifecycle. In this way, the startup aims to bring developments from laboratories and R&D departments to market faster than before. In August 2022, Luminovo announced a seed round of 11 million euros.
Software Defined Automation: The Munich-based startup has developed a factory automation solution that it describes as an Industrial-Control-as-a-Service offering (ICaaS). To this end, Software Defined Automation connects industrial plants and machines to its cloud platform, making them centrally maintainable and configurable. This is intended to make processes in automated factories flexible and adaptable in minutes. Just a few weeks ago, the startup closed a seed round of 10.2 million euros.
“A fascinating glimpse into the future”
Markus Bohl, Managing Director at Intel Ignite Europe, says:
“The Intel Ignite program has an impressive track record when it comes to providing the world’s most exciting startups with a mentoring program that is unique in the industry. The current selection process was once again a fascinating glimpse into the future – we have seen how deep tech can change the world for the better. In our European program, we have already been able to help more than 30 teams bring their technologies to market faster and raise the corresponding growth financing.”
