Ten start-ups to present at the 2nd Demo Day of METRO / Techstars Accelerator

  • Ten start-ups make presentations at the second Demo Day of METRO Accelerator powered by Techstars
  • Digital business models for the food service and hospitality sector presented to about 300 international investors and experts
  • Acceleration of digitisation in the food service and hospitality sector and new momentum for the entire industry
  • New accelerator programme focusing on digital solutions for retail to be launched in June 2017

Berlin, 2016-Dec-09 — /EPR Retail News/ — At the Demo Day, the 10 international teams of the METRO Accelerator powered by Techstars presented their innovative business ideas to about 300 global investors, experts and multipliers. The Demo Day marks the completion and highlight of the second round of the world’s first accelerator programme focusing on digital solutions for the food service and hospitality sector. After three intensive months in our co-working space in central Berlin – including comprehensive mentoring and coaching by leading industry experts under the leadership of METRO and Techstars – the founders now aim to attract more investors for their business concepts.

“Digitisation is increasingly asserting itself in the food service and hospitality sector as well. It’s our goal to actively shape this transformation and help our customers to become even more successful,” says Olaf Koch, Chairman of the Management Board of METRO AG. “With our accelerator programmes, we support innovations and help founders to test, improve and bring their ideas and solutions to market. We give them start-up assistance, provide support through our network and know-how, and are a critical companion and door opener. Many solutions simplify business processes, increase efficiency or improve the customer experience. In the end, the entire industry benefits from new business models and technological solutions.”

Ten teams from seven countries were selected from more than 600 applications for the programme in October 2016 and were each supported with up to €120,000. During the three-month accelerator programme in the German Tech Entrepreneurship Center in Berlin, the start-ups gained access to market expertise and to METRO’s customer and supplier networks. About 120 external mentors provided intensive support in more than 500 consulting hours dedicated to the start-ups. Many teams have successfully established products in the market or sharpened their business model and positioning in the accelerator.

“Highly motivated founders have refined relevant solutions for their customers in the accelerator. The great interest shown by investors at the Demo Day demonstrates that we are on the right track and confirms our course. We are helping new business models to grow and are connecting our customers with the digital world,” Koch says.

Three of the 10 teams redesigned their business models completely: Apparier, Frag Paul (Ask Paul) and Hyre changed their brand and positioning.

“The founders have made enormous progress in a short period of time and with a tight programme. We are proud to support them with our advice, expertise and network, and to move them forward. The 10 international teams show that innovations also enable growth in areas that have barely been digitised so far, such as the food service and hospitality sector,” says Alexander Zumdieck, Managing Director METRO Accelerator for METRO AG.

“METRO Accelerator powered by Techstars is a poster child and benchmark in the international start-up scene. In combination with the Demo Day and the alumni programme, we have created a unique platform for innovation and investment,” adds Jens Lapinski, Managing Director METRO Accelerator for Techstars.

The start-ups from the first programme also show positive developments. In cooperation with Lunchio, among others, METRO is currently building up a pilot project for digitised restaurants in major cities. Flowtify was able to refine its business model and gained another prestigious investor in High-Tech Gründerfonds. In total, eight of the 11 participating start-ups from the first programme have already been able to attract third-party investments in addition to the funds provided by Techstars and METRO.

The existing accelerator programme with a focus on the food service and hospitality sector will continue in 2017. Furthermore, METRO has launched another programme in cooperation with Techstars: the METRO Accelerator for Retail powered by Techstars focuses on digital solutions for the retail sector. Applications can be submitted until 12 March 2017.

For more information, go to 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

The METRO Accelerator powered by Techstars kicks off at the German Tech Entrepreneurship Center in Berlin

Berlin, 2016-Sep-13 — /EPR Retail News/ — The METRO Accelerator powered by Techstars is kicking off its second round with ten new start-ups. The international teams from seven cities and five countries will participate in a three-month, intensive programme at the offices of the German Tech Entrepreneurship Center in Berlin where they will receive active coaching from around 100 mentors from the founders, investor and hospitality scene and up to €120,000 of start capital each. Above and beyond this, METRO will support the start-ups with its infrastructure, network and know-how throughout this period. With the second round, the METRO Accelerator powered by Techstars is developing into a platform for cooperation and networking among industry players. The maturity of the young companies played a significant role in the selection process of the start-ups for this year’s Accelerator. Many teams have already successfully established products in the market.

“In this second round, the quality of the start-ups and the value that they can offer our customers – entrepreneurs in the hospitality sector – is once again extremely impressive,” said Olaf Koch, Chairman of the Management Board of METRO AG. “The teams won us over with their innovative ideas and strong personal dedication. These ideas can lead to solutions that harness significant benefits for our customers in the hospitality sector. This is exactly what the Accelerator programme focuses on. Its goal is to turn good ideas into sustainably successful business models within the three months. We are very excited about our collaboration with the start-ups and Techstars.”

In an extensive selection process that lasted several weeks and involved more than 600 applications, ten start-ups qualified for the METRO Accelerator 2016. They come from London, Ottawa, Tel Aviv, Melbourne, Berlin, Cologne and Stuttgart, and thus from five countries and three continents.

The following start-ups made it to the METRO Accelerator powered by Techstars 2016:

Cheerfy from London, Great Britain – Cheerfy is dedicated to improving the customer experience in hotels and restaurants. To this effect, the start-up uses Wi-Fi hotspots as beacons.

eStaffMatch from Ottawa, Canada – This online marketplace connects event organisers with event staff.

Hoard Spot from Berlin – This app allows for a safe handover of keys in local businesses, cafés and kiosks: those who make their apartment available to guests and cannot hand over the keys personally can safely deposit them using Hoard Spot.

Jagger from Tel Aviv, Israel – Jagger is a chatbot assistant for restaurant managers and offers an intuitive chat interface, allowing them to control important processes in a company.

Pantree.co from Melbourne, Australia – Pantree.co is a co-commerce platform that brings together business partners in the food service and hospitality sector for handling all buying and selling processes.

Reputize from London, Great Britain – This online platform uses big data for the reputation management of hotels.

resment from Cologne – resment is a digital HR management system that assists small and medium-sized enterprises in human resources planning and payroll accounting.

Smunch from Berlin – Smunch is short for Smart Lunch and delivers good and healthy lunches to offices. In this way way, the start-up wants to promote team lunches at work.

tsenso from Stuttgart – This company improves the supply chain in the food industry with the help of automated sensor solutions and temperature documentation.

Venue10 from London, Great Britain – Venue10 is an online reservation platform that supports restaurant owners in managing the capacity of their businesses.

The young entrepreneurs will use the next 13 weeks to improve their business models and teams with the professional support and networks of industry experts, and will develop their models with a view to their target groups. “The METRO Accelerator powered by Techstars is the world’s number one accelerator for start-ups in the hospitality sector. Techstars and METRO each have decades of experience in their industry. By combining their competences and networks, we are creating a top-of-theline ecosystem. The ten teams will quickly find out how essential the right network and our mentoring programmes are,” explained Jens Lapinski, Managing Director Techstars of METRO Accelerator.

“We are pleased to have found ten excellent start-ups that are relevant for all fields of activity in a restaurant or hotel. We are excited to watch their development over the next three months,” said Alexander Zumdieck, Managing Director METRO of the METRO Accelerator. “With this programme, we are the industry leader and pioneer in the field of open innovation. We have access to the best mentors and industry experts to drive the businesses of the ten growth companies. With this second round, the METRO Accelerator powered by Techstars is increasingly developing into a community that connects the key stakeholders of this business sector.”

The Accelerator is organised by METRO together with its American partner company Techstars, the international accelerator network, and supports the development of innovative digital solutions for the hospitality sector. METRO uses this programme to unlock added value and innovation and to make this available to customers from the hospitality industry, such as restaurants, cafés and hotels. The participating start-ups in turn benefit from the large networks of the two partners METRO and Techstars.

On 7 December, the teams will present their successes to selected investors and industry experts at the Demo Day. More information about the different stages and the details of the programme are available at www.metroaccelerator.com, blog.metroaccelerator.com and on Twitter at @MetroAccel.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €59 billion in financial year 2014/15. The company operates over 2,000 locations in 29 countries and employs more than 220,000 people. The performance of METRO GROUP is based on the strength of its sales brands, which act independently on the market: METRO/MAKRO Cash & Carry, the international leader in the self-service wholesale trade; Media Markt and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets. For more information, please visit 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 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

Techstars METRO Accelerator announces the start-ups taking part in its programme

  • Techstars METRO Accelerator supports Digital Transformation in restaurants, hotels and catering companies
  • Eleven international startup teams are moving to Berlin for three months
  • New technologies help independent entrepreneurs from the hospitality industry develop their business

Düsseldorf, Germany, 2015-10-13 — /EPR Retail News/ — Techstars METRO Accelerator opens its doors today and announces the start-ups taking part in its programme. International teams from five countries are moving into the offices of German Tech Entrepreneurship Center in Berlin. For three months, they will benefit from the focused support of mentors as well as financial support to expand their business model internationally. The Accelerator is organised by METRO along with US partners Techstars and the advertising agency R/GA. It will foster the development of innovative solutions for the hospitality industry.

Eleven start-ups made it into the programme. Among them are companies that produce software solutions and apps for restaurant owners, caterers and hoteliers, such as www.1001menus.com, Flowtify or Wynd, travel and restaurant services such as Lunchio or Journy, and webshops such as Gastrozentrale.de. The companies are based in the United States, France, Estonia, Austria and Germany.

“The quality of the start-ups is impressive,” said Olaf Koch, CEO of METRO AG. “The teams have access to mentorship, technical support, help in company planning, sector expertise as well as financial support.” For Koch digitalisation is of great importance: “The Accelerator is a catalyst for value creation. Our customers in the hospitality sector can benefit a lot from new digital solutions. The Accelerator helped us to identify great business concepts. Now our focus will be on supporting them on their way to even more success. In a certain way this is the logical next step on our mission to be “champion for independent business”, both for our core customers and as well for start-up entrepreneurs. We see huge potential for digital solutions in the hospitality industry in Europe. That’s why we’ve developed this programme along with Techstars and R/GA.”

Several hundred start-ups from 20 countries applied for Techstars METRO Accelerator. Jury members who include industry experts selected the companies based on common criteria as well as their experience and knowledge. Starting today, the best start-ups will develop their digital solutions for restaurateurs and hoteliers in a three-month programme, ending with a “Demo Day” at the end of January 2016 when they will present themselves to potential investors.

“METRO is such a great brand in the industry, it has really helped attract great start-ups. The way METRO has contributed to this programme and offered access to the corporation shows real thought leadership,” summarised Managing Partner and Techstars co-founder David Brown.

Alexander Zumdieck, METRO Managing Director of Techstars METRO Accelerator, provided a glimpse into the selection process: “We filtered out the best start-ups from of hundreds of applications. It was not easy, since the quality of applications was very high. We looked at them from many different angles to choose the best teams and the most promising business models that will provide our core customers – independent business owners – with new products and services and make them more competitive.”

Rob Johnson, who runs Techstars METRO Accelerator along with Alexander Zumdieck, appreciates this great potential for development: “Our programme is the first accelerator in the world to be focused on the digital revolution in hotels and restaurants. We look forward to three intense months with these young technology companies. We’ll do our best to support the teams in their work on digital solutions in the food and hotel sector, and to open up any opportunities that we can for them.”

Our Website provides further information on Techstars METRO Accelerator, as does our Blog and newsletter. You can subscribe for free at blog.techstarsmetro.com.

The following companies impressed our expert jury:

Coffee Cloud

  • Founded: in Tartu, Estonia in 2015
  • Founder: Miroslav Kovač, Andreja Kovač
  • Coffee Cloud has developed an application with wireless connection for espresso machines that counts how many cups of coffee are made in real time and saves the data in Cloud. All drinks are reliably billed. At the same time, the device monitors the machines and informs the user when an appliance has to be repaired or cleaned.
  • www.coffeecloud.co

Flowtify

  • Founded: in Cologne, Germany in 2015
  • Founder: Daniel Vollmer (CEO), Gabriel Schlatter (CTO), Parshin Mortazi (co-founder)
  • Flowtify develops a tablet-app for quality and HACCP-management for restaurateurs and restaurants. HACCP (Hazard Analysis and Critical Control Points) is a concept for risk assessment of critical control points and serves as a preventative system for consumer protection by hygiene regulations. Using paperless checklists, employees can exercise, document and archive quality measure.
  • www.flowtify.de

Gastrozentrale.de

  • Founded in Munich, Germany in 2014
  • Founder: Moritz Grumbach (CEO)
  • Gastrozentrale.de is a B2B online shop for kitchen technology and restaurant/catering equipment. From small food stands to canteen kitchens, customers can easily order napkins, industrial refrigerators or patio heaters online.
  • www.gastrozentrale.de

GroupRaise.com

  • Founded in Houston, USA in 2011
  • Founder: Devin Baptiste (CEO), Kevin Valdez (COO), Paul Kwiatkowski (Chief Tenacity Officer), Sean Park (CMO)
  • GroupRaise.com helps to raise donations for aid projects. When a group books a table at a participating restaurant, a percent of the bill will be donated to a help project of their choosing. Restaurants can this way increase their capacity in difficult times.
  • www.groupraise.com

Journy

  • Founded in New York City, USA in 2014
  • Founders: Susan Ho (CEO), Amy Guo (CTO), Leiti Hsu (Chief Journyist)
  • Users tell Journy what they want to see and do in any particular city. The service then consults local experts and puts together an individual tailor-made travel plan. The package costs 50 dollars per city.
  • www.gojourny.com

Lunchio

  • Founded in Witten, Germany in 2015
  • Founder: Deniz Caglayan (Head of Marketing), Dennis Ortmann (Managing Partner), Jan Christian Saupe (CFO), Sebastian Blautzik (CTO)
  • Lunchio is an online waiter and restaurant guide for lunch. Users select a restaurant in their city, pre-order their favourite meal and pay. When they arrive at the restaurant, they don’t have to wait and can eat their lunch right away.
  • www.lunchio.de

Poshpacker

  • Founded in Washington DC, USA in 2013
  • Founders: Anna Kojzar (CEO), Tania Cruz (Co-Founder)
  • Thanks for Poshpacker, travelers can easily and affordably book creative hotels, hostels or apartments around the world. The hotel booking site distinguishes itself from the competition by offering extraordinary places to sleep like igloos and caves.
  • www.poshpacker.co

Roomatic

  • Founded in Tallinn, Estonia in 2014
  • Founders: Andreas van de Castel (CEO), Arnis Vuškāns (CTO)
  • Roomatic allows hotel guests to communicate their needs with their smartphone. The user orders a taxi by app or registers a problem easily with the application, or get in touch directly with room service.
  • www.roomatic.net

rublys

  • Found in Vienna, Austria in 2013
  • Founder: Manuel Zwittag (CEO)
  • rublys is a gambling mobile-marketing-instrument with which companies can win new customers. With the app and free of cost, users can choose scratch cards from companies, scratch and win prizes.
  • www.rublys.com

Wynd

  • Founded in Paris, France in 2013
  • Founders: Ismaél Ould (CEO), Arthur Perticoz (CMO)
  • Wynd offers a software package with various modules for restaurateurs to help them digitalize their restaurants or cafés.
  • www.wynd.eu

1001menus

  • Founded in Paris, France in 2010
  • Founders: Xavier Zeitoun (CEO), Thomas Zeitoun (Key Account Director), Julien Balmont (CTO)
  • 1001menus has developed a restaurant software that helps restaurants to create their own websites in a quick and simple way, as well as to manage their reservations. Furthermore, restaurants can easily let their customers know what’s new, like changes to the menu, with their newsletter and social media tool.
  • www.1001menus.com

METRO GROUP is one of the largest and most important international retailing companies. In the financial year 2013/14 it generated sales of around €63 billion. The company operates more than 2,000 stores in 30 countries and has a headcount of around 230,000 employees. The performance of METRO GROUP is based on the strength of its sales brands that operate independently in their respective market segments: METRO/MAKRO Cash & Carry – the international leader in self-service wholesale – Media Markt and Saturn – the European market leader in consumer electronics retailing and Real hypermarkets.

SOURCE: METRO GROUP