The Munich business plan competition by Baystartup has been supporting young companies from Munich on their path to growth for over 25 years. This year’s submissions once again demonstrated how diverse the Munich startup scene is, as Fabian Brunner, head of the Munich business plan competition, explains:
“The topic of deeptech, which startups from Munich are known for, is also evident in this year’s competition submissions. Teams from the state capital are particularly strong in this area, especially from the academic environment. Overall, however, we see pronounced industry diversity among the participants, who come from all over Upper Bavaria.”
The winning startups
In the field of renewable energy, the startup Energyminer is working on technology for harnessing hydropower from rivers, which is supposed to be cost-effective and does not involve harmful interference with nature. Electricity generation is fish-compatible and does not encroach on the river ecosystem. Richard Eckl, managing director of Energyminer, comments on participation in the Munich business plan competition:
“Through participation in the competition, we want to increase our visibility to investors. The feedback from the expert jury helps us continue to develop.”
Prize-winning startup innovations in photovoltaics also exist: Otter Energy Trading wants to enable companies to market self-generated solar power using intelligent software.
The fields of medical technology and health management were also represented in the first phase. For example, Puray is developing a novel medical catheter that protects patients from hospital-acquired infections using UVC light. The Sedivention team is working on another catheter specifically for treating obesity. Ryver.ai, on the other hand, wants to generate diverse test and training data using generative AI and make AI safe in radiology. Viable Surgery develops surgical devices that simplify minimally invasive procedures and give doctors more control. Nico Weigand, co-founder of Viable Surgery, comments on participation in the competition:
“Baystartup is an excellent contact point for founders seeking capital. As a young medical technology startup, participation in the business plan competitions gives us the opportunity to further refine our business idea through expert feedback and gain access to investors.”
Innovative technologies for industrial and business customers, including hardware and software solutions, also play an important role in the competition. Among the ten winners of phase 1 is the startup Additive Electronics, which offers 3D printers for manufacturing electronic components made from electrically conductive and non-conductive materials. This allows for new component designs and functionalities. The Harmonize team, in turn, enables the food industry to measure the taste of foods and design them precisely through the combination of biotechnology and AI. In the area of software solutions for businesses, Audivio offers an audience analytics tool that provides advertisers with insights into consumer behavior. And Data Q Company wants to enable companies to make better decisions with software that uses AI to make data quality transparent, support corrections, and promote collaboration.
Applications for phase 2 possible until March 28
Startups from Munich and Upper Bavaria can continue developing their plans in the second phase of the competition: After the business outline from phase 1, a approximately 20-page business plan is now required that should focus more on marketing and sales strategy. Until March 28, both participants from phase 1 and newcomers can register and submit their documents.
