Tag: startup incubator

New Year tech incubator

TOP 10 Startup Success Stories: December

The New Year 2020 is around the corner and our tech incubator is preparing for a short Christmas break. But before we pack our bags, there are some last success stories to share. Multiple startups received new fundings and secured new partnerships. Further, our tech startups are growing by manufacturing their technology and expanding their product line. Read on and find out all about the last success stories from our tech incubator before the year ends!
Circularise

The Blockchain startup presented their solution at the TNW in Amsterdam, which was organized in cooperation with the Financial Times. A total of 8 startups were selected to present their pitch at the Hard Fork Pitch Battle in front of a selected jury of journalists, investors, advisors, and corporate inventors. Circularise came out as a winner!

 

Deadline 10.01.2020

Join the AI/Blockchain Validation Lab!

 

2 Sense Glove, Nowi, Dutch Analytics

Multiple startups, from our incubator, have successfully secured investments and received funding before the end of the year. After the winter break, they can kick start into the new year. Find out about the startups:

Sense Glove, the startup behind the haptic glove, received undisclosed funding from Forward.one and Value Creation Capital. Now, they can accelerate their glove and are ready for international sales. Recently, they launched the second version of their haptic glove that provided tactile- and force feedback as well as accurate motion-tracking.

Nowi received $10m in a Series A round of funding from Distributive Technology Ventures, which made them reach a total of $14m in funding! They can now kick start in the first half of 2020 and commercialize their energy harvesting chip business globally. 

Dutch Analytics successfully raised €2m of investments led by Global Founders Capital and BAM. This investment makes it possible to continue developing their platform Xenia, which helps companies to bring their AI algorithm into operation and monitor the life cycle. 

3 Elemental Water Makers 

The community of Efoetsy in Madagascar can now enjoy 15,000 liters of water every day thanks to their solar desalination system. The community can now enjoy safe and sustainable drinking water. In addition, their innovation uses three times less energy than conventional techniques. Curious to find out more about their project?

PHYSEE 

The CleanTech startup is manufacturing 58 Power Windows, in cooperation with their partners AGC and Pilkington, for multiple projects. This will help them scale up and further grow their impact on the market. In addition, the new residential tower BOLD, in Amsterdam Noord, will integrate Physee’s SmartSkin technology for a sustainable future. The tower will open its doors in 2021.

 

 

Delft Circuits

Delft Circuits is selected for the Accelerator pilot led by the European Innovation Council. They will receive financial support, coaching, networking and business advice to accelerate further development of their quantum computing by delivering scalable cryogenic. 

Scoozy 

This accelerator alumnus secured a new partnership with Mediworld with the aim to improve the safety of mobility scooters. In the next five years, Mediworld is opening more than 100 stores in the Netherlands, where everyone would be able to see and test Scoozy themselves. The Scoozy design includes a four-wheel drive, an intelligent steering, and an active braking system to offer a lifestyle without any limitations.

 

Deadline 17.01.2020

Join the Accelerator Program

 

Warp VR

In an interview with RTL, the virtual reality game Reanimatie Training was shown to be successful in providing medical students with a realistic simulation of emergency events. Warp VR designed the game to give students an immersive training experience and the benefit of the emotional reaction the game can evoke to further develop medical student’s skills.

 

Fly Aeolus

No direct flight to your destination? No problem, Fly Aeolus recently added 3 new aircraft to their fleet. Their air taxi service provides flights across Europe to 1200 small and regional airports. These new additions will be based in Hamburg, Essen and Kulmbach and will provide more travel opportunities with lower costs. 

 

9 Smart-Ship 

Secured a new partnership! Together with Maxon Benelux the startup will develop a new generation of their innovation haptic ship control. In addition, Smart-Ship was featured in the newest edition of Ship Building Industry (Vol 13, Issue 5). The article highlights their Smart-Ship technology, current projects and their partnership with Bachmann Electronics GmbH.  

10 BI/OND

The Demo event, at the Erasmus MC, gave students the opportunity to interact with BI/OND customizable Organ-on-chip. Moreover, they have been named one of Hello Tomorrow Deep Tech Pioneer selected out of 5000 startups from 126 countries. Their product gives biologists the opportunity to overcome the limitation for standard in vitro assays. 

 

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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 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.

 

Apply to the AI/Blockchain Validation Lab

 

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

10 startup success stories from our tech incubator

Our tech incubator kicked off 2019 in absolutely stellar fashion, so even though it’s only February we have some amazing success stories from our ecosystem (yes, already!).
Here we shine a well-deserved spotlight on all of them:

 

1. Bird Control Group

The startup is implementing their innovative technology, the Agrilaser Autonomic, with great success in Belgium to protect crops from bird damage. This solution has now proven to completely prevent the loss of crops, and moreover has built-in safety features to prevent harm to humans and wildlife. Scaling globally is one step away!

 

2. Kitepower

They have been constructing their largest kite yet, a whopping 60m²! These kites are mobile airborne wind energy system that produces clean energy cost-effectively, making green electricity affordable for everyone! Fun cleantech innovations? YES!

 

3. aQysta

This startup is making waves – the video of their hydro pump Barsha in action is going viral! The pump uses energy from flowing water and so does not require fuel or any other energy source to function, meaning it had zero operating costs and is pollution free.

 

4. Somnox

And their sleep robot have been selected for the second stage of the RobotUnion Acceleration program! In this Product Acceleration Phase, they will receive 120 000 EUR in financing and assistance from Robotic specialists and a Technical Mentor to help perfect the development of their sleeping robot. They are really onto sweet dreams!

 

5. Physee

This growing team and their solar-powered windows are featured in a deep dive by ScaleUpNation, reflecting on their journey through last year’s Runway Program and their mastering of the art of scaling.

 

6. We4Sea

The off-shore startup received funding from ENERGIIQ, the energy innovation fund for South Holland to help realize the ambition to help save 1 million tons of CO2 in the maritime industry by 2020. We4Sea offers a unique solution in analyzing and reporting fuel consumption and the associated CO2 emissions of seagoing vessels based on a unique Digital Twin concept.

 

7. VSParticle

The startup was not only prominently featured in NRC, but now co-founder Aaike van Vugt landed a spot on the Forbes 30 under 30 for Europe in Manufacturing and Industry! Our tech incubator has been attracting ambitious youngsters since 2005!

 

8. Hardt Hyperloop

This team has been on an upward trajectory and recently they landed a well-deserved spot on the list 25 European IoT and hardware startups to watch in 2019.

 

9. Eternal Sun Group

The group welcomed ABN AMRO Energy Transition Fund as their new shareholder, taking a majority stake in the group. This new shareholder structure and the additional funding will accelerate growth for the group. Eternal Sun Group is one of the first startups incubated at YES!Delft! Joining a tech incubator in the early stage of your startup pays off like this! 

 

10. Reboocon Bionics

The startup unveiled their innovative IntelLeg Knee (ILK), a powered knee prosthesis, that enables amputees to walk more symmetrically and also climb stairs in the natural step-over-step manner.

 

 

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