Author: Nan De Bruin

YES!Delft startups are in bloom

Top 10 tech startup success stories: August

YES!Delft startups in full bloom in August: PATS Indoor Drone Solutions, Nurt.io and Mythronics all had exciting news to share. Moreover, the startups from our digital hub in The Hague have been taking off: LexIQ landed on the front page of Trouw and got an interview in BNR! Curious about their stories? Read on in this month’s top 10 tech startup success stories!
1.LexIQ

The AI legal startup collaborated with the national leadership of the Openbaar Ministerie. Concretely, they designed a search engine for various criminal cases together. The national newspaper Trouw reports that this has shown that prosecutors ask for different sentencing for the same crimes depending on the region.

2.PATS Indoor Drone Solutions

The Accelerator alumnus of the 2018 batch is in full bloom this month and has signed an agreement with Koppert Cress. This results in their collaboration on automating part of the crop protection process with drones. In conclusion, the aim is to ensure a sustainable future and socially responsible cultivation. 

3.Gerrard Street

The leasable headphones as a service startup and Accelerator Alumnus has started its first international adventure! This means they are bringing sustainable and high-quality headphones to music lovers in the UK. Moreover, the complex tech startup is featured as in the newest YES!Delft startup stories!

Join the ComplexTech Validation Lab!

4.Momo Medical

This MedTech startup was named Startup of the Week by Sprout! They are the developers of the Momo BedSense. This medical device provides insight into the prevention of pressure ulcers and makes prevention easier. In addition, they could help cut the costs associated with pressure ulcers, which runs into 15 billion euros annually on a European level. 

5.SeaState5

This robotics startup and Accelerator alumnus aims to reduce the ecological impact of offshore wind. Concretely, they are developing underwater noise mitigation systems. Curious? Listen to their pitch on BNR Zakendoen (from 49:30). 

6.Nurtio Technologies

YES!Delft startups in full bloom: the ComplexTech startup has started collaborating with our partner Studio Mango, an industrial design and engineering company. Concretely, Mango is going to help the virtual gardeners design the new generation of sensors with significantly extended functionality. In addition, they will prepare for mass manufacturing together.

7.Mythronics

The Accelerator alumnus presented their autonomous inspection & monitoring platform for produce to the specialist publication Groentenieuws. Read how deep learning technology checks 2600 paprikas per hour on ripeness. 

 

8.Delft Circuits

CEO Sal Bosman talked to Sifted about how he secured VC funding for his ComplexTech startup. However, he decided to walk away from the deal, even when they had almost run out of money. Why did the Accelerator alumnus turn down the funding? 

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9.SD-Insights

The ComplexTech startup’s product NEXTdriver was featured on RTL transportwereld. Specifically, their client talks extensively in the about SD-Insights’ driving behavior coaching solution NEXTdriver and the added value that this offers them.

10.YES!Delft startups

YES!Delft startups in full bloom! Online publication Silicon Canals listed the top 10 fastest-growing tech startups in Delft. Above all, let’s just say we were not surprised eight out of ten startups listed were from YES!Delft!  Curious to see who made the list? 

 

Join the EdTech Validation Lab!

 

 

Summer is not slowing the YES!Delft startups

Top 10 Tech Startup Success Stories: JULY

Certainly, summer is not slowing YES!Delft startups! Are you curious to see what everyone has been up to? Read all about it in this top 10 tech startup success stories. Featuring among others: Hardt Hyperloop’s first functional hyperloop in Europe, aQysta’s brand new pump in Spain and last but not least, Envision and Dutch Analytics at Startup Tuesday in YES!Delft The Hague.
1.Hardt Hyperloop

Not too long ago we celebrated Hardt Hyperloop for their grand achievement of the first functional hyperloop in Europe. But summer is not slowing down the Validation Lab and Accelerator alumnus: CEO Tim Houter has been nominated by EIT for the Innovators Award.

 

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2.Effect.ai 

This AI/Blockchain Validation Lab alumnus just launched the first phase of their decentralized AI platform. Consequently, data science teams can upload their vast quantities of data – for example for a chatbot. Finally, ambassadors around the world then structure, enrich and annotated it. In this aspect, it works similarly to Mechanical Turk. 

3.Skel-Ex 

Commercial Director Jaap Hoogland received the prestigious Red Dot Design Award for the design of the Skelex360. The design for the exoskeleton with its high ergonomic wearability was made in collaboration with Van Berlo. Above all,  The Red Dot jury praised the way the Skelex360 supports ­wearers without limiting their freedom of movement.

 

 

4.Physee 

Opened its doors for the GESTE summer school, which aims to make tech accessible to everyone. The Validation Lab and Accelerator alumnus believes age, nationality, gender or education systems shouldn’t be limiting factors of learning. Therefore, they welcomed twenty children between the ages of 10 and 12 during the summer school program, and help them get enthusiastic about tech! Gemeente Delft, TNO, YES!Delft, TU Delft, Designathon Works & Kids Akademie support this inaugural edition.

 

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5.AidX Medical 

Last year’s EIT Health Validation Lab winners — AidX Medical got the chance to pitch on national radio, in BNR Zakendoen. Co-founder Mirte Vendel represented the MedTech startup and impressed the jury of entrepreneurs with her pitch. Their product makes malaria detection cheaper, faster, accessible to all and more reliable. Finally, their goal is to enable malaria diagnoses to be executed without the need for medical expertise, to be implemented in rural areas. 

 

6.KVK Innovation Top 100

Four YES!Delft startups, Physee, Envision, CloudCuddle, and Kitepower, have been nominated in the Innovation top 100 by the KVK (Dutch Chamber of Commerce).  Finally, the exact raking will be presented by the jury on September 25. Moreover, Robotics startup Somnox and CleanTech startup Qlayers were featured in the KVK YouTube series Beyond Business. 

 

7.Startup Tuesday in YES!Delft The Hague

On the 25th of June YES!Delft The Hague was proud to host Startup Tuesday! This weekly event is a collaboration between the innovative hubs in The Hague with the aim to strengthen connections and support impact-driven entrepreneurship. Certainly, it’s the perfect occasion to learn from experienced startup founders! Therefore, YES!Delft The Hague had local AI startups Envision and Dutch Analytics to pitch to the visitors. Startup Tuesday is a collaboration between The Hague Tech, Impact City, The Hague Humanity Hub, Apollo 14, and World Startup Factory

Join the AI/Blockchain Validation Lab!

8.aQysta 

The CleanTech startup operates in 19 countries worldwide already, but now they have broken new ground with their brand new HyPump. This second-generation hydro-powered irrigation-pump is stationary and specially designed for large volumes of irrigation. Furthermore, HyPump in Lliria (Spain) is estimated to pump 6 liters of water per second. So that comes to 500m3 per day up to the height of 35 meters or to a distance of 3.5 km, all without any fuel or electricity.

9.Nowi & VSParticle 

INSEAD Summer Start-Up Tour (‘SSUP!) is a discovery tour of the top entrepreneurial hot-spots around Europe and Asia. They interview entrepreneurs, angels, and VCs – and on their stop in the Netherlands they, of course, visited YES!Delft.  Therefore, our startup trainer Ruben Kranendonk took them on a tour of our incubator, and introduced them to Nowi and VSParticle, who for them exemplify inspired (deep) tech solutions at YES!Delft. 

 

10.VSParticle 

More good news from the NanoTech startup! They welcomed the EU Science, research and Innovation in Petten as a new customer. Therefore, the new customer will use VSParticle’s equipment to study the behavior of nanoparticles under ion and neutron bombardment, in view of radioisotope production studies. 

 

Join the ComplexTech Validation Lab!

Summer is not slowing YES!Delft startups, what about yours? Tip our PR Coordinator Nan de Bruin on nan@yesdelft.nl for the next top 10 tech startup success stories.

GETTING INVESTOR-READY AND BRIDGING THE VALLEY OF DEATH?

Getting investor-ready and bridging the Valley of Death? Jan Geert van Hall answers

Getting investment as a startup is such a challenge that there are specific hurdles, one of which is the Valley of Death. YES!Funded team from YES!Delft aims to demystify this challenge during the Rotterdam Capital Days with a dedicated event. During September 18th – 22nd, the three-day event aims to demystify the world of capital, boosting access to funding for startups and scaleups. Ultimately, with the goal of connecting entrepreneurs and investors. Anyone with an interest in how to attract and raise capital in the area of Rotterdam is invited. Mainly, there will be investors – angels, corporate venture, venture capital, impact, public, and more. YES!Delft service YES!Funded will host an event about the so-called Valley of Death in funding. 
What is the Valley of Death?

Jan Geert van Hall, the investment director at YES!Delft describes the Valley of Death as a European problem – the funding gap startups almost inevitably run into. This funding gap usually comes about around the time they have a well-working prototype and some paying pilot customers but need a financial boost to start production and activate sales. At this point, the startups are too advanced for government subsidies, and at the same time too early stage for VC’s. At least in Europe. During the YES!Delft dedicated event at Rotterdam Capital Days, Jan Geert and guests will share the experiences of YES!Funded about the Valley of Death and explore possible solutions to this problem.

Through the YES!Delft service YES!Funded startups can get help with financial lifecycle planning and securing the right funds. The initiative is lead by YES!Delft investment director Jan Geert van Hall, who employs his decades of experience in tech and finance to help tomorrow’s leading firms. Is your startup is looking for its first investment or your startup is further down the road? Here Jan Geert shares his top five tips that are essential to make and keep your startup investor-ready. Join YES!Funded at the Rotterdam Capital Days, and learn about bridging the Valley of Death.

1. Financial forecasting

“The ability to look ahead and anticipate for the future is a basic entrepreneurial financial skill. The lack of such a vision within a company is a definite red flag as it shows a lack of financial discipline.”

2. Top team

“This is a big one. First off, the chances of receiving investment are very low if you are a single founder. Ideally, you have a team of people with different disciplines. Secondly, there is a shared long term vision in the company. Especially the founders should be on the same page and have the same ultimate goals, whether that is an acquisition or scaling up.”

3. Intellectual property

“IP is another facet investors will look at, and for several reasons. First, to make sure you will be able to defend your product from infringement. But parallel to that, they want to understand what it is your product is capable of and the problems it claims to solve. Why is your product unique, and why hasn’t it been invented before?”

4. Checking important milestones

“Having a roadmap with milestones and a clear vision is essential. It shows your estimated worth at each milestone but also the amount of money you need to get there is invaluable when presenting yourself to investors. It doesn’t have to be perfect, but it demonstrates you understand your product, your market and you have thought about de-risking your proposition.”  

5. Quantify the risks

In conclusion, everything comes down to this. When you look from the perspective of the investor, you want to be able to assess the risk of your investment. Sure, you can never completely eliminate risk, but startups who can at least show an understanding or can quantify the risks and milestones, have a stronger case for investors.” 

 

Make sure not to miss the event Bridging the Valley of Death during the Rotterdam Capital Days!

YES!Delft top 10 startups success stories

TOP 10 TECH STARTUP SUCCESS STORIES: JUNE

On 26th of June, we celebrated the 5th edition of our signature startup showcase event – Meet the Startups. We welcomed over 250 corporate partners, investors, mentors, journalists, and entrepreneurs to take a look at the best cutting edge tech and startups YES!Delft has to offer. In an Innovation Playground, all the guests could try the prototypes of Warp VR, Somnox, Kitepower, Nurt.Io, Manometric, Momo Medical, Scoozy, Dental Robotics. Meaning they could even test-drive the mobility scooter of Scoozy, try out a VR experience with Warp VR or even sooth their emotions – almost falling asleep – by hugging the sleep robot of Somnox.

Afterwards, they were dazzled by the pitches of Momo Medical, BI/OND, VideowindoW, Qlayers, Dutch Analytics, and Warp VR. The captivated audience was entertained by MtS host Gerrit H – Mr. Red Sneakers – with an ongoing quiz about the pitches and calls to action presented. The sharpest audience member was awarded a Somnox sleep robot for his knowledge about the ecosystem. Even more, the latest batch of Accelerator startups was there with a stand and everybody could talk with them! Make sure to not miss the next edition!


As temperatures rise, Meet the Startups is not the only time when we show the success of our tech startups! YES!Delft startups celebrate soaring success as time passes by! Read all about it in the top 10 tech startup success stories of this month!
1. Warp VR

This Accelerator alumnus announced a collaboration with YES!Delft partner Tata Steel on stage at Meet the Startups. Together they will utilize Warp VR’s virtual reality training technology for safety in IJmuiden location. In spring, Warp VR developed a first virtual reality training after doing a workshop with the Tata Steel safety team. After the success of the first training, they will continue to develop several safety scenarios for training which will eventually be used to train large groups of up to 2000 Tata Steel employees.

YES!Delft – Meet The Startups | Erkan Goenee (Tata Steel) & Guido Helmerhorst (Warp VR) | © Verkijk
2. Aidx Medical

Last year’s EIT Health Validation Lab winner impressed with their technology. They aim to make malaria detection cheaper, faster, accessible to all and more reliable. And the AidX team continues to impress, as they were rewarded 50k EUR by EIT Health Belgium-Netherlands through their Headstart Funding program.

 

3.  Nowi Energy

Huawei has joined forces with this Accelerator alumnus and will be showcasing their energy harvesting solution at MWC Shanghai 2019. Nowi is a pioneer in novel energy harvesting technology. Their technology enables the capturing of ambient energy sources such as light, temperature gradients or radio frequency, with the highest efficiency.

 

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4. Manometric

Validation Lab and Accelerator alumnus Manometric was one of the startups on the Innovation Playground, where they showcased their 3D hand scanner. Moreover, the MedTech startup won the Vereniging Samenwerkende Topklinische Ziekenhuizen (STZ) Innovation Challenge. The impact and scalability of the product impressed the jury. There Manometric won 3500 EUR to support the further validation of their product.

 

Join the ComplexTech Validation Lab!

 

5. Nightbalance

Nightbalance founder Eline Vrijland-Van Beest, who was named one of the MIT 35 under 35, wrote about her seven biggest learnings for MedTech product development. Founded in 2009, the MedTech startup and Accelerator alumnus developed their Sleep Position Trainer (SPT). This device is a comfortable and easy to use treatment alternative for people who suffer from positional obstructive sleep apnea. Nightbalance was ultimately acquired by Philips in 2018.

 

6. Kitepower

You could hardly have missed the kite spanning almost 14 meters in the Innovation Playground. This CleanTech startup now announced the continuation of their collaboration with the Dutch Ministry of Defense. In 2016 they won the ministry’s Innovation Competition. The Validation Lab and Accelerator alumnus can efficiently reduce the number of diesel generators deployed by Defence during field exercises. This means on a yearly basis, one Kitepower unit can save up to 150.000 liters of diesel and 400 tons of CO2.

 

YES!Delft Kitepower top 10 tech startup success stories
YES!Delft – Meet The Startups | Kitepower on the Innovation Playground | © Verkijk

 

7. DAB

BioTech startup and Accelerator alumnus DAB raised 2M EUR in Series A funding from FORWARD.one and InnovationQuarter to accelerate the production of bio-based chemicals and advanced fuels. As a result, DAB can continue developing innovative bioreactor technology that increases the productivity of fermentation processes and at the same time reduces operational costs. With the funding, the startup is looking to commercialize its proprietary bioreactor technology that accelerates the transition to a biobased economy.

 

8. VSParticle

ComplexTech startup VSParticle was named one of the ten winners in the Academic Startup Competition, out of the 28 startups competing. All winners first pitched at GES 2019. Now, all the winning startups will travel Silicon Valley, courtesy of the Dutch Ministry of Economic affairs, to learn how to scale their innovations faster.

9. Atmos UAV

The Aviation startup and Accelerator alumnus has announced that Rene Worms, former Managing Director of Topcon Positioning Europe, will be joining as Head of Global Sales. Together they will work on the international expansion of the professional vertical take-off landing (VTOL) mapping and surveying (fixed wing) drone Marlyn, which is known for its accuracy, ease of use, and highest wind resistance in its class.

 

Join the Accelerator Program!

 

10. McNetiq

BNR’s annual Green Quest Award looks for the most sustainable entrepreneurs, and Accelerator alumnus McNetiq has been nominated. Their magnetic Controlock scaffold anchor can cuts costs by reducing energy usage, the anchors can be reused indefinitely and the application is toxin free. McNetiq is up for the Audience Award, and you can vote for them here! The grand winner will be announced at the grand life show on July 1st.

 

Do you want to share your own startup success story? Tip our PR Coordinator Nan de Bruin on nan@yesdelft.nl for the next top 10 tech startup success stories.
Presenting the new YES!Delft Accelerator batch

YES!Delft Accelerator Batch 2019

We are presenting the new YES!Delft Accelerator Batch! These startups finished the Accelerator program and are ready to take on the world and beyond. From drones fighting insect infestations in greenhouses to tech reducing noise pollution and the high tech treatment of skeletal misalignment. These seven startups are ready to change the world with their innovative ideas. Come take a closer look at the innovations that soon might be part of your home, or flying high, all the way to Mars.
Gyrafit makes skeletal misalignment treatment easy for all
VideoWindoW - YES!Delft Accelerator
Justin Fourie – Co-Founder Gyrafit

Skeletal misalignment is surprisingly more common than most people think, misalignment in the feet alone affects over 45% of the world population. The feet are the foundation of the entire skeletal structure and if left untreated leads to chronic pain in knees, hips, lower back or legs, and if left untreated increases the chances of getting osteoarthritis in the knees and hip by 55%.

For a truly unique solution, they have combined hardware and AI enabled software to offer a complete solution.

Gyrafits G-Script is a fully adjustable insole orthotic that can correct misalignment in the feet up to 8 degrees and can be adjusted at the point of diagnosis. Their new full body digital measuring and diagnosis booth solution; G-Pod, promises to change the way we access and measure alignment correction, making the treatment available through new, alternate and more accessible sales channels.

The complete treatment solution promises to reduce end-user cost by more than 60% and take the time from diagnosis to treatment application from 2 weeks to under 30 minutes.

Making Gyrafits skeletal misalignment treatment solution; faster, cheaper and simpler.

 

ARCEON: Trip to the moon and beyond
Rahul Shirke – Founder & Director ARCEON

ARCEON-Novel Elements was established by Rahul Shirke and Bernhard Heidenreich in 2018. We are developing novel and advanced ceramic matrix composite (CMC). Our pilot project will travel to our one and only natural satellite- The Moon. This project allows us to prove the credibility of our innovation. The material is unique because it can withstand a wide range of temperature (from cryogenic to 1600 °C and above) at near zero thermal expansion, high specific strength, corrosion resistance and, most importantly: it is 25% lighter than aluminum alloys. Due to the lack of polymers, it is also stable for long-term in space environment, which is characterized by vacuum and irradiation.

“We believe that our material has tremendous potential, not only in the aerospace but also energy, high-tech, and automobile industry. ARCEON family includes scientific, engineering and business development experts in the field of innovative materials with international experience. Our vision is to push the limits and deliver high-quality novel materials.”

Rahul Shirke, ARCEON

 

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PATS Indoor Drone Solutions: Drones fight golden twin-spot moth in gerbera and chrysanthemum
PATS Indoor Drone Solutions- YES!Delft Accelerator
Bram Tijmons (Co-Founder, CEO)

Flying insects are getting a new and sustainable enemy. The control of insect pests now mainly takes place with the help of (bio) chemical and biological agents. PATS Indoor Drone Solutions, a spin-off from Delft University of Technology, is changing that with small drones that automate pest control and prevention. Through a pilot project aimed at combating the golden twin-spot moth (Chrysodeixis chalcites), a number of innovative gerbera growers are taking advantage of this development to remain at the forefront of sustainable cultivation and cultivation knowledge.

PATS sees its technology not only as a supplement to the current package of resources. In the long term, the system must also reduce substance use for specific pests and it is expected that the grower will have to spend less time scouting and combating pests. 

“The aim is to fully implement the fight against the golden twin-spot moth, for example, using our system, precisely because of the preventive approach we use. In addition, our solution does not conflict with the biological control of other pests through targeted control of the moth itself.”

Bram Tijmons, PATS Indoor Drone Solutions

 

Smart-Ship sets sail on the maritime market!
Brent Kok (Co-Founder, CFO), Roy Kok (CO-Founder, CEO) & Jelle Tiemensma (CO-Founder, CTO)

Smart-Ship is setting sail to disrupt the maritime market! Through the application of haptic feedback technology, Smart-Ship is aiming to optimize the interaction between man and machine. By making information transfer to the operators of ships faster and more intuitive, safety and sustainability in maritime operations can be improved. Applications range from small fast ships to offshore and dredging operations, tugs and simulations. 

 

Braindrop: Notre Dame Cathedral could have been saved originally!
Mustafa Torun (Director) & Ugur Kizilkaya (Founder)

“We, as Braindrop BV, Netherlands, June 2019, have released a revolution which avoids new “Notre Dame catastrophes” forever. It is the strongest and 100% nontoxic fire protection chemical agent which makes anything fireproof easily. So strong that one can apply to his hand and put his hand into the fire!

Every 88 seconds one person die because of fires and billions of dollars damage occurs to the global economy every year. We lose lives, environment, and prosperity like monuments.

The main concern of existing flame retardants is their toxic feature and that they destroy slowly even if they stop fires. Our product TNF now is the single best solution which assures these concerns and provides the lifelong durable fire resistance for people, companies, and governments.” 

 

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VideowindoW from Vintage to Future
VideoWindoW - YES!Delft Accelerator
Remco Veenbrink (Founder, CEO) & Mark Oudenhoven (Founder, CFO)

Unlike most hardware startups these founders do not have a degree in engineering –one is an artist and the other an economist. All knowledge is self-taught by tactical learning: ‘to know just enough to challenge existing beliefs and rock the status quo on how to approach further development’ thus Remco Veenbrink. Their innovation is based on available parts engineering added with state of the art electronics and algorithms to create a minimum viable product. Mark Oudenhoven: ‘We implement continuous improvement and focus on strategic growth’ Their primary market segment is airports for which they recently contracted Rotterdam The Hague Airport as their launching customer. VideowindoW is a glare control system embedded into the exterior glass that doubles as a transparent video screen. He adds:’ This way glare control can even be a profit driver for airports’. With airports being their focus international expansion is a logical next step.

‘Passengers can enjoy artistic or commercial content and look outside when they focus beyond the glass layer’.

Remco Veenbrink, VideowindoW

 

DeNoize – “Active Noise Cancelling Headphones – For Buildings”
DeNoize - YES!Delft Accelerator
Aman Jindal (Founder, CEO)

Noise is frequently cited as one of the leading causes of stress in city life. People living near airports and busy roads complain that they can never relax because of the intrusive sound. Their experiences are reflected in higher levels of mental ill-health, and physical problems like high blood pressure, strokes and early onset of cardiovascular diseases.

DeNoize, a complex-tech startup from the YES!Delft claims to have found a better solution. They have developed an active noise cancellation technology for building facades, promising at least 90% additional reduction against the outdoor noise. Their innovation paved their path to the finals of Philips Innovation Awards and a special feature in the BBC’s science podcast, “The Naked Scientist”. The DeNoize team is working hard to commercialize its technology and aims to finish the market-ready product within a year.

 

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YES!Delft and MRDH continue collaboration

Startup incubator YES! Delft and the Rotterdam The Hague Metropolitan Region (MRDH) have announced the continuation of their collaboration. The aim is to improve the daily lives of the ​​2.3 million inhabitants of the 23 municipalities in the Metropolitan Region. This also strengthens the startup ecosystem and supports further proliferation of the region as a technological breeding ground. In turn, this will boost economic growth and employment in the Metropolitan Region.

The Metropolitan Startup Lab pilot started in 2015 and since has run three successful startup programs. The MRDH Innovation Platform was also created in order to identify the challenges MRDH municipalities face and find a fitting process to come to a solution. As YES!Delft and MRDH continue their collaboration, our tech incubator offers its vast ecosystem to accelerate innovations: from ideation to developing prototypes, and from building business cases to setting up startups.



 

Challenges

To identify the challenges in the MRDH municipalities, YES!Delft organizes periodic deep-dive sessions. This way, challenges that are shared across multiple municipalities and with a significant social and economic impact are identified. As a next step, YES!Delft facilitates two roads to a solution: Challenges and TechLabs. In Challenges, YES!Delft scouts already existing startups to find a solution to a specific challenge. Meanwhile, in a TechLab, the technology is developed first as an answer for one of those challenges identified and shared by multiple municipalities. As a second step, a startup is built around it.

“Our ambition is to make an impact on the everyday lives of the inhabitants of the region with real cutting edge technological solutions from startups. Thanks to the collaboration with MRDH, we can jointly meet the challenges and efficiently develop region-wide solutions.”
Evert Jaap Lugt, Managing Director of YES!Delft

Startup Corner

YES!Delft’s launched Startup Corner in 2018. The online platform matches MRDH municipalities challenges directly with startups. Startup Corner has a portfolio of more than 300 validated tech startups, spread over thirty industries. In addition, 62 partners from different sectors joined the platform. As  YES!Delft and MRDH continue their collaboration, all participating municipalities get access to the platform and can thus establish contacts within the ecosystem.

YES!Delft at the Odyssey Hackathon 2019

As part of our partnership, YES!Delft visited the Odyssey Hackathon in Groningen, the largest AI and Blockchain hackathon in the world. Managing Director of YES!Delft The Hague Ras Lalmy, Technical Director for the Blockchain Focus Area Neil Smyth, Focus Area Manager for AI Noor Figdor attended the hackathon as jedis.

 

From Friday until Sunday, 100 teams battled it out 20 different challenges. In the 48 hours allotted, the teams looked for AI and Blockchain solutions for anything from Tokenizing Ecosystems to Crisis & Disaster Management. The ambitious challenges attracted many ambitious teams, of which our very own,  Circularise and Mythronics.

 

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And the winner is….

Circularise is one of the startups that have moved to the YES!Delft The Hague. They are working on solving communication barriers in the value chain with blockchain technology to enable a circular economy. In Groningen, the Circularise team was victorious in the Tokenizing Ecosystems track.  They worked on visualizing investments in open source protocols for investors, and generating smart contracts that run the protocols, allocate transaction fees, and govern a voting system.

Mythronics, one of our Accelerator program alumni, was awarded the second place in the Fossil Free Future track! The team created a solution for households with solar panels to confidently certify their solar energy production and provide accurate insight for the entire ecosystem in household energy production.


“It’s great to see YES!Delft startups Circularise and Mythronics do so well at the Odyssey Hackathon. It has been a tremendous experience for everyone, a huge amount of positive energy from all kinds of participants who are driven to re-imagine how we solve societies challenges. Well done to Rutger and the team on bringing all the people together!

Neil Smyth, Technical Director for the Blockchain Focus Area

 

The power of team

For startups, the team is essential for success. This becomes even more clear in a pressure cooker environment like a hackathon. We spoke to Socialtec: a team of three colleagues, a family member of the team captain, and two other guys that flew in from Berlin. How is that for teamwork? They were part of the Inclusive Banking track developing a way to transition to a local, circular and inclusive economy.

 

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So instead of exchanging money for goods and services, their answer is an app where people can easily trade and asses their offerings. This means there would be an ecosystem that allows you to exchange whatever you have in abundance. We bartered a handful of our YES! bars with team captain Michiel for his pitch.

“All the offers on our network are available through blockchain. Because there is an issue in peer2peer networks because you cannot see the entire system. Therefore you have to centralize this information on some medium, so you can access it, but then who owns it? That’s where blockchain comes in. We put the offers on the blockchain so that it’s centralized in a decentralized way.  These are the words of our smart developer who was smiling when he was explaining it to us.”

Michiel Heij, SocialTec Team Captain

Another team that caught our attention were the Future Fire Fighters team, who only met in real life on the first day. Even though two team members that participated in the last year’s hackathon, this year they teamed up with one Italian girl and two Bulgarian guys. Their solution to help emergency responders make faster and safer decisions. Their solution was to collect and analyze information from both closed and open data streams. With this they won the Crisis & Disaster Management track.  

“The next step is to realize the potential in the teams and ideas from the hackathon. Here I believe that YES!Delft can play a key role with our proven startup Validation Labs together with our new Digital Hub in The Hague focused on AI and Blockchain.  Our goal is to make the Digital ecosystem in The Hague a vibrant reality – and these challenge winners are clear examples of ideas that we can help realise so I encourage them to apply for our upcoming AI/BC Validation Lab. An inspirational 5 days but only the first step!”

Neil Smyth, Technical Director for the Blockchain Focus Area

 

Apply to the AI/Blockchain Validation Lab

Interview with Tjarda Voorneman – EIT Health Validation Lab

Tjarda Voorneman – the Project Manager of EIT Health Validation Lab that takes place in Delft for more than four years  – talks about the successes of the collaboration between EIT Health and YES!Delft in this period.
This year we are again proud to organize the EIT Health Validation Lab in our incubator in Delft! The unique two-month pressure cooker program allows aspiring entrepreneurs from all over Europe all the way to Delft in The Netherlands to discover the business potential of their MedTech ideas. Tjarda Voorneman, the project manager of EIT Health Validation Lab looks back ahead of the 5th edition.

 

After 4 successful editions EIT Health Validation Lab, what has changed?

“One of the amazing things that have happened over the course of the last four editions, is the steady growth of the European network. This results in new and powerful partnerships from which everyone benefits. We have many great partners in this program, such as TU Delft, LUMC, UMCG, Biocat, Copenhagen University, and FAU Erlangen- Nurnberg. In turn, this also attracts startups of course, not only in the Netherlands but from the whole of Europe. Since the start four years ago, the majority of European countries have been represented in the program.”

“We have many great partners in this program, such as TU Delft, LUMC, UMCG, Biocat, Copenhagen University, and FAU Erlangen- Nurnberg. ”

Tjarda Voorneman, Project Manager EIT Health Validation Lab

What is it that makes the program so successful?

“The power of the program is the process of validation. EIT has ideation events, such as the Innovation Days and Summer Schools. Validation Lab is a very logical next step from that. We have a strong core program here in Delft that yields results. This is why Validation Lab is one of the Bootcamps offered now in the EIT innovation funnel. The teams get the chance to travel through Europe to validate their business assumptions further, which is an incredibly valuable and rewarding experience. The extensive EIT network is highly beneficial for this.”

 

 Explore and validate your MedTech ideas

Apply to EIT Health Validation Lab in Delft

Deadline June 17, 2019

 

There have been many excellent entries in the EIT Health Validation Lab, what are the criteria for winning?

“Winning is not just about having an amazing product, but it’s mostly about how the team has gone through the process of validation. The main goal is finding a product-market fit, and it’s amazing to see how the teams manage to make such massive strides on a European level in such a relatively short time.

Last year’s winners, Smart Medical Optics, are a prime example of this. Through the course of the validation program, they realized they needed to pivot in terms of their beachhead market. They started to focus on research institutions in Europe, which really helped them take off. Participation in EIT Health Validation Lab can help you grow really rapidly. When you go through the process of validation well, you could be pitching before an audience of a thousand peers from the medical sector.” 

EIT Health Validation Lab Delft
Smart Medical Optics – Winner EIT Health Validation Lab 2018

“The most valuable lesson for us was market-fit: we found potential launching customers not only in Africa, but also in Europe. The Validation Lab really challenged us to think critically about our ambitions and business plan and identify our a beachhead market – Europe. Our ultimate ambition is still to make an accurate and fast malaria diagnosis available in remote parts of the African continent. But the European market is also interesting for our technology – research institutes working with malaria benefit from the fast and accurate reading of blood samples.”

Mirthe Vendel , co-founder Smart Medical Optics

EIT Health Validation Lab draws an international selection of startups, but also from different backgrounds. How important is this diversity?

“During Validation Lab the teams learn a lot from each other. Not only about their countries and the medical fields there but also about the different backgrounds. Some teams are already fully fledged companies. Others are working on projects within major European universities and then some are fresh graduates. They all have different experiences, different perspectives and that enriches the Validation Lab environment. For example, pitching is a skill very central to Validation Lab, and the levels of experience can vary incredibly. To me, it’s amazing to see the journey of all the participants.”

 

Apply to EIT Health Validation Lab

Deadline June 17, 2019
Robert Jan van Vugt Operational Director YES!Delft

Startup Expert Blog: Robert Jan van Vugt

Startup incubator YES!Delft has an amazing and vast ecosystem, with top experts from all fields. Everything from finance, to HR. Their knowledge can be accessed through workshops, mentorship and office hours for YES!Delft startups. To help you find your way to the expertise you need from our ecosystem, we shine the spotlight on our experts!

 

Robert Jan van Vugt is the YES!Delft Operational Director and is one of the initiators of the brand new workshop Co-Lab. Collaboration and the importance of team are central themes of the workshop. Robert Jan van Vugt is a startup expert has years of experience identifying the central needs of startups and businesses, and developing programs tailored to those needs. Here Robert Jan shares five points on how important a good team is for your startup and all the benefits it can bring you!

 

1. Size matters

“There is a tendency to attribute startup success to “lone geniuses” – research shows otherwise. There are plenty of examples out there – take Apple: Steve Jobs didn’t work alone, he had Steve Wozniak and Ron Wayne to get the startup off the ground and make it into the company that is todayThe team size is tied directly to the probability of a firm’s success, and this is supported by almost four decades of research. Data has shown that a team that has two or more founders has an 83% higher chance of succeeding. On the other spectrum, having only one founder takes a startup on average 3.6 times longer to scale.”

 

Join Co-Lab! Connect with fellow potential business founders.

 

2. Diversity is crucial

“Team size ties directly into this – experience and diversity play a significant role in a startup’s success. It has been shown that having a team with people who have a diverse set of skills and different backgrounds, have 2.9 times larger user growth. This means a balanced mix of tech and business experience, but also hard skills and soft skills. Team diversity is crucial as it brings in a bigger network and helps to identify opportunities.”

“Steve Jobs didn’t work alone, he had Steve Wozniak and Ron Wayne to get the startup off the ground and make it into the company that is today.”

Robert Jan van Vugt, startup expert

3. Caring is sharing

“Starting a business is hard. Not just from a professional point of view, but the personal toll is high too. Polls show that entrepreneurs experience significantly more stress and worry than other workers. However, it is important to remember that a shared burden is a lighter one and a celebration is much more fun together. A team is not only there to help you achieve your dreams, but just as important, they are the ones you celebrate your successes with, but also share your failures.

 

Join Co-Lab! Meet like-minded entrepreneurs.

 

4. The team is the issue

“When founders self identify why their startup failed, 23% attributed team issues as a cause, which puts it in the top three. Included in this category were lack of team diversity – from the business and personal side. The lack of professional expertise but also personal support were named a central to the failings of the business. However, more damning, research among VC’s showed that they attributed 65% of company failures to team issues.’  

 

5. VC’s perspective

“For investors not having a team is essentially a vote of no confidence, regardless of how amazing your product is. Balanced teams with one technical founder and one business founder raise 30% more money.

 

Does your startup need money? YES!Funded can help!

 

Tech Startup Case: Adeezy

Startup life is unpredictable. In the YES!Delft startup incubator we believe in sharing successes as well as failures. We want fellow entrepreneurs to inspire each other and learn from each other. By telling their stories on a case by case basis, you can learn about all the different (and sometimes wholly unexpected!) things you might encounter on your startup journey. 

 

Adeezy is a SaaS-startup from the YES!Delft AI/Blockchain Validation Lab. They are focused on building a platform where brands and agencies can plan and execute cost-effective social media campaigns. Adeezy uses the latest technological solutions such as Blockchain and Artificial intelligence to deal with problems in current online marketing, such as ad fraud, transparency and aversion to advertising.

 

The eleventh hour

After Adeezy’s initial investor ended up being unable to deliver right before the holidays, they had to re-start the arduous process of searching for new investors. Then, after the New Year, when Adeezy was in the process of finalizing a new investment, the deal fell through at the eleventh hour. This left the team without funding while developing their product – and the bills were due.

“It was a Thursday night, and things were looking pretty bleak for us. The next morning we were meeting with an investor, but we didn’t expect much of it – it felt like a last-ditch attempt. That Friday morning the rollercoaster began, and the one-minute pitch we perfected in the Validation Lab proved to be the key.”

Marco Berkheij, Adeezy co-founder

 

The Friday morning investor meeting proved to be successful, even though it didn’t provide all the funds Adeezy needed. However, because they were in the YES!Delft AI/Blockchain Validation Lab, Adeezy had access to all the YES!Delft services.

 

YES!Funded

One of those services is YES!Funded. On the advice of startup trainer Noor Figdor, Adeezy got in touch with Investment Director Jan Geert van Hall. They met on  Friday before noon, pitched their story, and Jan Geert immediately referred the team to an investor meetup in Amsterdam that same afternoon.

 

“While is it extremely unique to find funding so quickly- within the space of a day – it speaks volumes about the quality of the company, the team, and their pitching skills. At YES!Funded we have quick access to the right investor networks for our startups, a benefit of being with such a prestigious organization as Yes!Delft.”

Jan Geert van Hall, Investment Director

 

In the YES!Delft AI/Blockchain Validation Lab the Adeezy team had perfected their pitching skills with startup trainer Noor, and so was more than ready with a strong and relevant proposition for the investors. And it paid off – 12 out of 15 attending investors visited Adeezy’s breakout session and showed interest in potentially investing. The Adeezy team went home that evening, satisfied their startup journey would continue.

 

Apply to the AI/Blockchain Validation Lab

 

“During our training in the YES!Delft AI/Blockchain Validation Lab the Adeezy team did great with their pitch – they worked hard, and we challenged them to condense their story and highlight the strength and relevancy of their proposition. This success goes to show the importance of a fantastic pitch, and how much of a difference it can make.”

Noor Figdor, Startup Trainer

 

About YES!Funded

YES!Funded is a YES!Delft service launched in January 2019. The service is aimed to assist entrepreneurs in planning their financial strategy and seeking funds. Do you want to know what YES!Funded can do for you? Visit the website!

 

About AI/Blockchain Validation Lab

The AI/Blockchain Validation Lab is a unique YES!Delft program, based in the brand new Digital Hub YES!Delft The Hague. During this unique two-month ‘pressure cooker’, aspiring entrepreneurs discover the business potential of their ideas. The part-time program helps participants to explore and validate their ideas, product/market fit, and business model while enabling them to continue to work on their business. Participants also get access to the extensive YES!Delft ecosystem of experienced mentors, investors, corporate partners and launching customers.

Apply to the AI/Blockchain Validation Lab

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