High-tech startups accelerate from Graz to the world
TECHHOUSE’s accelerator program brought international technology startups to Graz, supported them individually in their further development and connected them with the local ecosystem of investors, companies and research institutions – a win-win situation. Now, 12 finalists presented the results to the international audience as well as via livestream at the Final Pitch Day at TECHHOUSE’s Unicorn location. So that Austria and Europe remain players in the global innovation race!
Elite startups emerged
Johannes Müller, Managing Director of TECHHOUSE: “120 startups from 14 countries accepted the invitation to apply at the beginning of the year and faced the jury of industry and startup experts in a tough selection process. Due to a new specially created format with free accommodation and on-site support, the prospect of a potential investment and cooperation with internationally operating large companies, success was pre-programmed.” Styrian Economic Minister Barbara Eibinger-Miedl thus paid tribute to the work of the teams and participants in a digital message to the audience as well as startups and once again focused on the importance of the initiative for Styria and Austria as a business location.
Goal: Ensure Innovation Made in Styria & Europe
Raiffeisen CEO Martin Schaller commented: “Three years ago, we already launched the ‘TATEN-Bank’, which specializes in start-ups. By supporting the TECHHOUSE accelerator, we are joining forces and promoting entrepreneurship and innovation in Styria. This strengthens the business location and regional value creation. We at RLB Steiermark benefit from the collaborations with the startups by implementing many joint ideas in our bank.” Based on the program results, RLB Steiermark will now also participate in the startups with appropriate growth capital.
High-potential startups selected
As the program’s Innovation Excellence Partner, Raiffeisen Landesbank Steiermark selected five startups from five countries for the so-called Topic Track, with whom it has worked intensively over the past 16 weeks: Asya AI (Latvia) – AI-driven software for emotional intelligence, Synctactic AI (India) – application for harnessing and further processing raw data, RedoxNRG (Estonia) – reduction of CO2 through electrochemical process, Cortecs (Austria) – predictive market analytics in the crypto sector and MADA Analytics (Israel) – software for optimizing the financing of renewable energy projects.
Live stream recording of the Final Pitch Day 2021
Domestic companies solve challenges with startups
But it is not only startups that benefit from participating in the international innovation partnerships. Established companies such as Andritz, Next Incubator Energie Steiermark, Österreichische Hagelversicherung, Primetals Technologies Austria, HASSLACHER NORICA TIMBER or the plant engineering experts from Christof Industries also took advantage of the Accelerator Program to solve complex technological challenges with national and international startup partners. A large number of the topics focused on the two major trending topics of artificial intelligence and sustainability.
Christof Industries appreciates Accelerator program
Alfred Friedacher, Director Research & Development of the Clean City team at Christof Industries, comments on the collaboration with Munich-based AI specialists Unetiq, with whom a data-driven “Green House Gas Calculator” was jointly developed over the past months, as follows: “In addition to providing the appropriate infrastructure, the difficult task in the Accelerator is to find a suitable startup that meets all our requirements. TECHHOUSE has solved this task excellently, as Unetiq is an excellent startup partner for us, with whom we will actively continue to work on our developments.”
Extremely positive impact on local startup ecosystem
But in addition to international flagship projects, the Accelerator program was also dedicated to promising local startup ideas, which were able to win one of the limited places to participate as “local superheroes. “TECHHOUSE has opened the right doors for us, which now enables us to take off internationally,” says Felloz founder Raphael Marton. With his company, he wants to change the way NGOs collect donations in the digital age. Marton’s statement is underscored by his company’s first debt financing from a foreign venture fund, spurred by TECHHOUSE.
Next program phase in the starting blocks
“We had a great start here in Graz, but now we want to use this momentum and continue to positively and sustainably influence innovation in companies and the development of startups. Therefore, various initiatives are also planned over the next few months, such as 48-hour innovation challenges in hackathon format, topic-specific workshops or the development of new digital business models with companies, before we launch the call for proposals for our next accelerator program in Graz at the end of the year,” says Johannes Müller, CEO of TECHHOUSE.
Strong mentoring for Indian AI power
SynctacticAI founder Chethan Athreyas from the Indian technology metropolis Bangalore on his experience with the program: “The TECHHOUSE Accelerator was by far the best program SyncracticAI has ever participated in. The people in charge not only helped us connect with companies in Europe, but also provided expert knowledge and 1:1 mentoring to help us with our go-to-market strategy for Europe. The program far exceeded our expectations and we will continue to rely on TECHHOUSE’s expertise in the future.”
As an innovation architect, TECHHOUSE identifies potential for innovation, develops the roadmap for implementation, and coordinates resources for realization. TECHHOUSE develops digital strategies, high-tech solutions as well as new business models and always measures them under the aspect of economic respectively environmental sustainability. TECHHOUSE has offices in Munich, Graz, Tel Aviv, and Vienna.