Fit 4 Start #11: 15 Startups Selected
Summary
The selected startups will benefit from the specialised coaching as well as €50,000 of funding from the Ministry of the Economy each, with the possibility of receiving an additional €100,000 if they graduate successfully from the programme and manage to raise some private capital. “Experience has taught us that four months is not really enough to cover all aspects that would help the startups move forward in their development,” explains Stefan Berend, Head of Start-up Acceleration at . “Hopefully, we will be able to move to a hybrid mode in the coming months, and if the health situation allows we might even conclude with going back to the face-to-face meetings we used to have before the pandemic.” Thanks to artificial intelligence, the solution helps companies reducing the unpaid amount by 30% and improving the operational efficiency by 20%. An award-winning affordable administration, compliance and governance platform aimed at financial sector SMEs that automates their activities, replaces stand-alone tools and allows users to benefit from the efficiencies of data integration. Its current 3-product software suite is designed to address the expected ten-fold increase in space traffic by expanding the range of autonomous activities that can be performed with small satellites, reducing costs of operations and lowering collision risks.