New METRO Accelerator powered by TechStars Calls on Start-ups To Work on Tech Solutions for Retail

  • Startups from seven countries will scale up their new digital applications for retail and wholesale
  • The teams will collaborate with more than 100 mentors from METRO, Real and their partner Techstars for three months in Berlin and receive up to €120,000 in funding each
  • Several hundred applications from 24 nations received for the new METRO Accelerator for Retail powered by Techstars
  • The startups will present their solutions to international investors on 5 September

Düsseldorf, 2017-Jun-19 — /EPR Retail News/ — The METRO Accelerator for Retail powered by Techstars goes into its first round. For the next three months, the participating startups from all over the world will work on promising solutions for Retail such as delivery robots, novel navigation technologies, smart sensors, digital tools for avoiding food waste or a more customer-friendly link between offline and online shops. The international accelerator programme purposefully refines digital solutions for independent traders and retailers (B2B2C) – a key customer group of METRO – as well as for Real, one of the leading hypermarket operators (B2C).

The following startups from seven different countries made it to the new METRO Accelerator for Retail powered by Techstars:

  • Mio Mobile: Delivery robot and navigation technology for autonomous distribution and delivery in the public space. to the portrait
  • Oriient: High-end indoor navigation solution controlled by the earth’s magnetic field and suited for direct implementation independently of any kind of infrastructure. to the portrait
  • Whole Surplus: Food waste B2B solution for an optimised and fair distribution of excess food in the retail sector. to the portrait
  • Epinium: Real-time evaluation of product prices and reviews for offline and online retailers as well as manufacturers. to the portrait
  • IamBot: Product identification in a photo chat with direct links to multiple purchase options. to the portrait
  • JustSnap: Gamification of discount campaigns via direct receipt analysis. to the portrait
  • Kptn Cook: Curated recipes for the foodie community with direct link to the food retailer. to the portrait
  • Sensefinity: Cloud-supported, self-learning sensors to track product and logistics data along the complete supply chain. to the portrait
  • Sensei: Capture and analysis of offline retail data with the help of existing image data. to the portrait

“We believe that these promising startups offer precisely the solutions that offline traders and retailers need to grow also in the digital world and meet their customers’ demands”, says Andreas Wuerfel, Director Global Innovation Community METRO. “The rapidly progressing digitization of Retail – including small independent traders and retailers – is a key topic for markets all over the world. With our Accelerator programme, we addressed this topic at the exact right time: several hundred startups from 24 countries worldwide applied for our programme. METRO, Real and Techstars are perceived as attractive experts and partners for startups.”

For three months’ time the teams will receive intensive support from some 100 mentors – all acknowledged retail specialists and experts from METRO, Real und Techstars – to scale-up their business model as well as up to €120,000 in funding. On 5 September, the teams will present their results to international investors.

“Solutions from the fields of artificial intelligence, robotics and the Internet of Thins represent the future for traditional offline retailers and also for multi-channel retail companies. With the Accelerator, we have attracted the most exciting startups in the market and are now preparing them for the investor market”, says Alexander Hafner, Managing Director Techstars for the METRO Accelerator for Retail. “Our huge Techstars alumni network assists the teams in addressing potential investors”.

The Retail Accelerator programme will be continued alternating with the Hospitality Accelerator which has been successful conducted for two years already. Up until 30 June 2017, startups offering digital solutions for the hospitality sector can apply for the third round of the METRO Accelerator for Hospitality powered by Techstars at www.metroaccelerator.com.

STARTUPS OF THE METRO ACCELERATOR FOR RETAIL POWERED BY TECHSTARS 2017

MIO MOBILE
Founded by: Roman Drokov

Date and place of founding: 2016 in Great Britain and Lithuania

www.miokiosk.com

Kiosk and errand boy on four wheels: delivery robot including navigation technology for autonomous distribution and delivery in public space

Mio knows what customers want. The self-driving delivery and ending machine robot Mio Mobile sells products such as drinks and snacks directly to end consumers. Mio Mobile attracts customer attention with his looks and therefore makes a good marketer for retailers and consumer goods manufacturers. At the same time, it stimulates impulse buying, helps strengthen the supply network in urban and also in rural areas. This technology symbolises the new generation of mobile retail and opens up new growth opportunities for retailers.

Oriient
www.oriient.me Shopping like in the web: high-end indoor navigation solution controlled by the earth’s magnetic field and independent of any kind of infrastructure

Online retailers know exactly what their customers are looking for and buying. For customers, it is way easier to systematically discover special offers, campaigns and benefit from them on online shopping platforms than in offline stores. Bricks-and-mortar retailers should bridge this gap with the help of Oriient. Without requiring any investment into technical infrastructure, this new navigation solution enables offline retailers to give their customers access to the same benefits as those offered on the online platforms. This technology is controlled by the earth’s magnetic field and can be directly implemented anywhere and anytime. “Connected shopping” thus becomes a reality.

WHOLE SURPLUS
Founded by: Olcay Silahli

Date and place of founding: 2016 in Turkey (Istanbul)

www.wholesurplus.com

Good-bye to food waste: B2B solution for an optimized and fair distribution of excess food in the retail sector

Nowadays, food which can no longer be sold usually still finds its rightful destination via phone calls and e-mails to the charities. The Turkish start-up Whole Surplus (Fazlagida) wants to render this process more efficient by offering a technology platform for retailers and producers. In real-time, this application allows to organise, and administrate, food donations at several locations in parallel. That way, also the requirements in terms of sustainability and social welfare as well as tax aspects for the donating companies can be monitored on one central platform.

EPINIUM
Founded by: Carlos Barriga

Date and place of founding: 2016 in Spain (Barcelona)

www.epinium.com

What customers will buy tomorrow: tool for the real-time evaluation of product prices and reviews for offline and online retailers as well as manufacturers

Knowing always what their next bestseller will be can be worth a mint for retailers and manufacturers alike. But analysing customer wishes in an anticipatory manner is a complex task. Epinium is a platform that examines and evaluates the product reviews from different online shops and online retail platforms in real time to provide a qualitative and quantitative analysis for the product in question. The reviews can be of great benefit for both offline and online retailers and simplify the offer management without having to conduct time-consuming focus group analysis. The data analytics platform is characterised by a particularly valuable and useful presentation of results.

I AM BOT
Founded by: Pawel Kolacz

Date and place of founding: 2017 in Poland (Wroclaw)

www.iambot.chat

Chatbot as a shopping assistant: product identification in a photo chat with direct links to multiple purchase options

This shopping assistant operates in a completely virtual manner and intuitively connects offline retail with online retail: IamBot is a visual chatbot operating on the basis of the Facebook Messenger service. The customer takes the picture of a product in the store and sends the photo via Facebook Messenger to IamBot. The software uses artificial intelligence to identify the product and presents the corresponding offers from affiliated web shops to the user. The product can be ordered directly via the “Buy” button on Facebook. That way, customers gain maximum flexibility for their buying decisions.

JUST SNAP
Founded by: Ahmet Ünver

Date and place of founding: 2015 in Turkey (Istanbul)

www.justsnap.co

Bonus points per mobile photo: gamification of discount campaigns via direct receipt analysis

The next generation of bonus loyalty cards is smart and digital. With JustSnap, customers simply send a photograph of their receipt via the app installed on their smartphone and receive instant rewards. The app makes it possible to set up campaigns with immediate evaluation and supports the technical capabilities of mobile retail. Advertisements can be placed and ended quickly without requiring any campaigns and codes at the checkout, at the point of sale or even on the products themselves.

KPTN COOK
Founded by: Alexander Reeg

Date and place of founding: 2014 in Germany (Berlin)

www.kptncook.com

An app that facilitates cooking: curated recipes for the foodie community with direct access to food retailers

Feel like cooking, but don’t have any good ideas and the right ingredients? KptnCook is a smartphone app that partners with food bloggers around the world to offer three new thirty-minute recipes every day. New recipes are presented every 24 hours. Unlike conventional recipe platforms all ingredients are directly paired with the assortment of local grocery shops. All ingredients can be purchased at the customer’s local supermarket. Food retailers can also enable orders directly from the app via online shop.

SENSEFINITY
Founded by: Orlando Remedios

Date and place of founding: 2013 in Portugal (Lisbon) and Spain

www.sensefinity.com

Guardian of the supply chain: cloud-supported, self-learning sensors track product and logistics data

Sensefinity has been working on the Internet of Things since its founding four years ago. Now this startup from Portugal added an exciting application for food retailers and delivery services to its portfolio. With specifically developed smart sensors and the Sensefinity technology, it is possible to control the position, temperature, moisture, air pressure and a wealth of other product data along the complete supply chain and thereby guarantee a uniform quality in a standardised manner.

SENSEI
Founded by: Vasco Portugal

Date and place of founding: 2015 in Portugal (Lisbon)

www.sensei.tech

Precise analytics for the retail sector: capture and analysis of offline retail data with the help of existing image data

The start-up Sensei offers valuable insights for customers and retailers. Based on image data from offline retail, market intelligence – for example from social media or the retailer’s online shop – and other information such as weather data and crucial elements of the supply chain, this software application creates an intelligent platform that improves the buying process. Thus, retailers can align their store assortment even more purposefully with customer demands without the need for any costly investments.

Under the umbrella of the METRO Accelerator powered by Techstars, METRO and Techstars, in two programs, help international start-up teams in the development of digital solutions. One of the programs focuses on solutions for the hotel, restaurant and catering sector while the second program is aimed at the retail industry. In the framework of the three-month programs organised in Berlin, experienced mentors and experts will in each case help ten selected start-ups to successfully develop their own business further with regard to customers and investors. The METRO Accelerator powered by Techstars was launched in 2015 with a regularly hosted hospitality program that is the unique in the world. More information available at www.metroaccelerator.com

The METRO GROUP Wholesale & Food Specialist Company (W&FS Co.) is an internationally leading specialist in wholesale and food retail. With its sales lines METRO Cash & Carry and Real as well as its other associated companies, METRO GROUP W&FS Co. operates in 35 countries and employs more than 150,000 people around the world. In 2015/16, METRO GROUP W&FS Co. achieved sales of around €37 billion. The company provides custom solutions to meet the regional and international needs of its wholesale and retail customers.

Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market wherever they choose to live. With dozens of mentorship-driven accelerator programs and thousands of start-up programs worldwide, Techstars exists to support the world’s most promising entrepreneurs throughout their lifelong journey, from inspiration to IPO. Techstars provides access to tens of thousands of community leaders, founders, mentors, investors and corporate partners, allowing entrepreneurs to accelerate the pace of innovation and Do More Faster™. Techstars supports every stage of the entrepreneurial journey – from the idea to venture capital investments to M&A and IPO. For more information visit www.techstars.com

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

New METRO Accelerator for Retail powered by Techstars to drive digital solutions for the retail sector

  • New METRO Accelerator for Retail powered by Techstars: METRO and Real jointly focus on digital services for the retail sector
  • In search of innovations and technologies for independent traders and retailers
  • Three-month program for ten international start-up teams complements existing Accelerator program for the digitisation of the hospitality sector
  • Applications welcome now at www.metroaccelerator.com

Düsseldorf, 2016-Nov-18 — /EPR Retail News/ — In a tried and tested cooperation with Techstars, the METRO GROUP Wholesale & Food Specialist Company (W&FS Co.) is launching a new start-up program under the umbrella of the METRO Accelerator to drive digital solutions for the retail sector. This will be the first time that METRO and Real, together, assume the role of expert coaches for the start-ups. The “METRO Accelerator for Retail powered by Techstars” complements the Accelerator program for digital solutions in the hotel, restaurant and catering industry which has been running successfully for the past two years. The new program will kick off on 12 June 2017 in Berlin.

The second Accelerator of METRO GROUP W&FS Co. addresses start-ups offering innovative digital applications for independent traders, a key customer group of METRO Cash & Carry and of large hypermarkets which are the business model of Real who participates as a new partner in METRO’s Accelerator program. Over a period of three months, experienced mentors and experts will support ten selected international start-ups in Berlin to further refine their business model and establish themselves in the market. The METRO Accelerator for Retail powered by Techstars is the first accelerator that systematically promotes digital applications for independent traders (B2B2C) and also for Real as one of the leading hypermarket chains (B2C).

We are looking for start-up teams who develop technology-based services and products to accelerate business processes in the retail sector or to intensify customer relationships and bring them into the digital age. Digital applications are to make METRO’s customers even more successful in the future and Real as an important German hypermarket chain is to benefit from further innovative impulses. The range of digital solution users extends from kiosks, local grocery stores, service stations or delivery services all the way to franchise retail chains and hypermarkets.

As from now and throughout 12 March 2017, interested start-ups from the world over can submit their application for the start-up program on the English language website www.metroaccelerator.com. The teams must complete a questionnaire and can optionally also upload a video. The complete application process is in English. In telephone interviews and face-to-face meetings, an experienced jury of investors and mentors will select the ten most promising start-ups.

“The core of our strategy is to help our customers to become even more successful in their businesses. Here, digital solutions play an increasingly important role. After successfully establishing the METRO Accelerator for the hospitality sector together with Techstars the time has come to take the next step. We are convinced that independent traders can strongly benefit from digital solutions – with regard to customer communication, new services and also in terms of their business operations. That is why we are now launching the METRO Accelerator for Retail. Together with Techstars, we want to help innovative companies to develop successfully. In this process, the start-ups will receive extensive support, like for example access to more than 100 mentors”, says Olaf Koch, Chairman of the Management Board of METRO AG.

The METRO Accelerator for Retail powered by Techstars, just like the Accelerator for the hospitality sector, comprises a three-month program in Berlin. Ten selected start-ups from all over the world will be intensively supported by mentors in the process of further developing their innovations. To this effect, METRO Cash & Carry which operates in 25 countries with 21 million customers worldwide and Real will contribute the extensive expertise of its specialists from the fields of Procurement, Sales, Marketing, Strategy, Finance, Legal and Communications. “With the Accelerator program, we can systematically expand our innovation leadership in German food retail developed over many years. With around 300 locations in Germany, an average sales floor of around 8,000 square meters, an assortment of up to 80,000 articles and up to one million customers per day, Real like no other company offers the ideal platform for start-up teams to test their technical innovations in the German retail sector”, says Real’s CEO Patrick MüllerSarmiento.

Techstars contributes its internationally proven process for the Accelerator program and a network of more than 3,000 mentors, investors and experienced members of the start-up community.

While the Hospitality Accelerator is regularly hosted in autumn in Berlin, the METRO Accelerator for Retail powered by Techstars will kick-off on 12 June 2017 in Berlin. After three months of work with more than 100 international mentors, the start-ups will present their company to investors, leading industry representatives and the public on the so-called Demo Day in September 2017. The program offers the following to the participants:

 Ten selected teams will each receive an offer €120,000 worth of investment
 Access to the top management and expert networks of METRO, Real and Techstars
 Mentorship by METRO, Real and Techstars as well as by other leading industry representatives, investors and entrepreneurs
 Use of free co-working spaces in the heart of Berlin for the duration of the program
 Membership in the international Techstars and METRO Accelerator alumni network

“With the second accelerator program we can promote start-ups even more specifically and thereby build on the success of our first program. The Retail Accelerator is strategically important for us and highly relevant for our customers. We are looking for the world’s best B2B and B2C innovations for the retail sector: from augmented reality applications for the shopping experience of the future to digital solutions for retail or hypermarket logistics all the way to tech-based systems for the operation of franchise chains”, explains Alexander Zumdieck, Managing Director METRO of the METRO Accelerator for Retail.

Alexander Hafner, Managing Director Techstars of the METRO Accelerator for Retail, adds: “With METRO and Real, the start-ups have the opportunity to interact with leading and well-networked retail partners over a three-month period. The retail sector is one of the markets with the strongest digital growth rates and therefore the exchange between start-ups and industry experts in the framework of the Accelerator represents the key for developing important competitive advantages. That way, innovative business models are created that benefit METRO’s specialist trade partners and the end users.”

Companies and start-up teams from all over the world who are interested in participating in the METRO Accelerator for Retail powered by Techstars can now submit their application online until 12 March 2017. The Retail Accelerator will be organised alternately with the Hospitality Accelerator which has been running successfully for two years already.

More information available at: www.metroaccelerator.com

Under the umbrella of the METRO Accelerator powered by Techstars, METRO and Techstars, in two programs, help international start-up teams in the development of digital solutions. One of the programs focuses on solutions for the hotel, restaurant and catering sector while the second program is aimed at the retail industry. In the framework of the three-month programs organised in Berlin, experienced mentors and experts will in each case help ten selected startups to successfully develop their own business further with regard to customers and investors. The METRO Accelerator powered by Techstars was launched in 2015 with a regularly hosted hospitality program that is the unique in the world. More information available at www.metroaccelerator.com

The METRO GROUP Wholesale & Food Specialist Company (W&FS Co.) is an internationally leading specialist in wholesale and food retail. With its sales lines METRO Cash & Carry and Real as well as its other associated companies, METRO GROUP W&FS Co. operates in 35 countries and employs more than 112,000 people around the world. In 2014/15, METRO GROUP W&FS Co. achieved sales of around €37 billion. The company provides custom solutions to meet the regional and international needs of its wholesale and retail customers. More information available at www.metrogroup.de

Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market wherever they choose to live. With dozens of mentorship-driven accelerator programs and thousands of start-up programs worldwide, Techstars exists to support the world’s most promising entrepreneurs throughout their lifelong journey, from inspiration to IPO. Techstars provides access to tens of thousands of community leaders, founders, mentors, investors and corporate partners, allowing entrepreneurs to accelerate the pace of innovation and Do More Faster™. Techstars supports every stage of the entrepreneurial journey – from the idea to venture capital investments to M&A and IPO. For more information visit www.techstars.com.

Contact:

METRO GROUP Wholesale & Food Specialist Company
Corporate Communications and Public Policy
Telephone +49 (0) 211 68 86-42 52
presse@metro.de

Source: METRO GROUP