Stanley Black & Decker and Techstars launch the STANLEY+Techstars Additive Manufacturing Accelerator in Hartford

HARTFORD, Conn., 2017-Dec-06 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) and Techstars, one of the world’s best startup accelerators, today (Dec. 5, 2017) announced the formation of a three-year partnership and the launch of the STANLEY+Techstars Additive Manufacturing Accelerator in Hartford. This mentorship-driven, entrepreneurial accelerator program will select 10 startups in the additive manufacturing space to participate in its first year. Applications will open in January 2018, and the program will run in the third quarter of 2018. Similar programs will be run in 2019 and 2020, with 30 potential startups completing the process.

Startups will co-locate with Stanley Black & Decker’s new Advanced Manufacturing Center of Excellence – Manufactory 4.0 – in Hartford, CT, and have access to mentoring and resources to grow their ideas into viable businesses and bring new technologies to market.

“Additive manufacturing is a field that is constantly evolving and will significantly change the manufacturing environment of the future,” said Corbin Walburger, Vice President of Business Development for Stanley Black & Decker. “The STANLEY+Techstars Additive Manufacturing Accelerator demonstrates our commitment to this emerging industry, and shows our intent to stay at the forefront of technological change and incorporate innovative and disruptive technologies into our business model.”

Stanley Black & Decker currently operates more than 100 manufacturing facilities globally, including approximately 30 in the U.S. and three in Connecticut. Three of the company’s locations are designated as “Lighthouse Factories,” plants that have partially implemented Industry 4.0 across their facilities from manufacturing execution systems (MES), to 3-D printing, virtual reality, robotics and artificial intelligence.

“We are thrilled to be bringing our successful accelerator model to Hartford,” said David Brown, co-CEO and co-founder of Techstars. “Hartford is thriving with early-stage startups ranging from companies focused on science, technology and software solutions to B2B and small business services. Connecticutwas at the heart of the first three Industrial Revolutions and has continued to have a strong manufacturing presence, which makes it a great location for an accelerator focused on the Fourth Industrial Revolution and additive manufacturing, in particular.”

To apply to participate, visit https://www.techstars.com/programs/ beginning in January 2018.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s leading provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at www.stanleyblackanddecker.com.

About Techstars

Techstars helps entrepreneurs succeed. Techstars partners with over 300 new businesses each year to provide them with the resources, network and knowledge needed to successfully grow their business. A global network in more than 150 countries, Techstars has 300,000 alumni and more than 10,000 mentors. Of the 1100 startups that have been through the Techstars program, 90% are either still active or have been acquired. Techstars was named one of the world’s best startup accelerators by Entreprenuer Magazine. Techstars accelerator portfolio includes more than 1,000 companies with a market cap of $8.1 billion. www.techstars.com

Media Contacts:

Shannon Lapierre
Vice President, Communications
Stanley Black & Decker
Phone: 860-259-7669
Email: Shannon.Lapierre@sbdinc.com

Tim Perra
Vice President, Public Affairs
Stanley Black & Decker
Phone: 860-826-3260
Email: Tim.Perra@sbdinc.com

SOURCE: Stanley Black & Decker

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

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

Second round of the METRO Accelerator powered by Techstars starts in Berlin on 12 September

Berlin, 2016-Aug-19 — /EPR Retail News/ — The METRO Accelerator powered by Techstars is entering its second round. This time, more than 600 start-up teams from 65 countries have submitted an application for one of the ten coveted spots at the METRO Accelerator in Berlin, a roughly 20 per cent increase on last year’s submissions. On 12 September, the top ten start-ups will commence their work in Berlin and further develop their digital solutions for ‘Hospitality 2.0’ in a three-month programme. In December, they will present their solutions to potential investors. Throughout this period, the start-ups will be supported by mentors from the industry and by METRO, who will contribute its infrastructure, network and know-how.

“Following a highly successful start of the accelerator last year, we are now looking forward to new, fresh ideas. The innovations developed by the start-ups support our customers and the entire hospitality sector in their efforts to become more digital and to grow further,” said Olaf Koch, Chairman of the Management Board of METRO AG. “As a global retailing company, we are closely following the trends surrounding Hospitality 2.0 and speeding up the digitalisation process with our accelerator program. At the same time, we are promoting networking and making new services and solutions accessible to our customers.”

METRO Accelerator in demand around the world
Over a period of three months, founder teams from all over the world who develop digital solutions for the hotel, restaurant and catering (Horeca) sector had the opportunity to apply for the METRO Accelerator. The number of applications received rose again in 2016. More than 600 start-ups from 65 countries supplied an application – among others, from international start-up hotspots such as the United States, the United Kingdom, Israel and France. “The quality of the applications was high. Many companies already have established products in the marketplace and generate sales, and some of these companies are already profitable. This shows that the METRO Accelerator has established itself as an attractive platform and driver for Hospitality 2.0,” said Jens Lapinski, Managing Director of Techstars and responsible for the METRO Accelerator. “This year, the top ten start-ups exclusively include companies that have already successfully launched their product on the market and that METRO and Techstars can assist in effectively scaling up their business.”

Looking for an idea & execution
Not only is the business idea important in the selection of the ten participants who will be assisted in Berlin over a period of three months in Berlin by an industry mentor and will benefit from the infrastructure, network, access and know-how provided by METRO. The applicants must also be able to work as a team and as entrepreneurs to establish their ideas in the marketplace. “We are looking for innovative ideas with a strong entrepreneurial basis. The determining factor is the combination of an idea, a founder team, a network and the ability to market the product,” stressed Alexander Zumdieck, Managing Director of METRO and responsible for the METRO Accelerator.

For the choice of the best start-ups, around a dozen experts from a variety of functions at METRO formed a roughly 20-member committee together with top-level mentors and experts from the American partner company Techstars. Each expert provides a personal appraisal of the people and the business idea of the start-ups. After several selection rounds, the ten participants were selected from the final 20 applicants after a series of personal interviews.

Further information on the process and details of the programme can be found 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, visit www.metrogroup.de.

Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to the market wherever they choose to live. With dozens of mentorship-driven accelerator programs and thousands of startup 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 early stage grassroots community development to more formal opportunities that provide education, experience, acceleration, funding,and beyond. 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 powered METRO Accelerator opens the application process for its second programme for start-ups

  • Wanted are international start-ups that promote the digitalisation of the restaurant, hotel and catering sector
  • Ten selected teams are offered €120,000 investment and access to METRO’s and Techstars’ network of experts
  • Continuation of the world’s first accelerator for digital solutions in the food tech and hospitality industry, starting in September in Berlin
  • Applications for the METRO Accelerator programme are accepted online until 20 June 2016 via the websitewww.metroaccelerator.com

Düsseldorf, Germany, 2016-Apr-14 — /EPR Retail News/ — METRO Accelerator, powered by Techstars, is commencing the application process for its second programme for start-ups, whose digital services and companies could give a direct boost to the commercial success of restaurants, hotels and catering businesses. “The great success of the first round, with 11 international start-ups, proved to us that we should immediately up the ante and make the many opportunities of digitalisation more readily accessible to our customers in the restaurant and hotel sector. I am convinced that digital business models and services will play an even bigger role for the success of our customers in the future,” says Olaf Koch, Chairman of the Management Board ofMETRO AG. “More and more business founders are coming to us with new digital ideas. With the continuation of METRO Accelerator, we wish to provide them with a fast and efficient opportunity to test their projects with the help of our international experts in the area of wholesaling and food, and to advance these projects in the market. We offer potential access to a very large customer base and extensive contacts in the hospitality industry that start-ups barely receive elsewhere.”

From now until 20 June 2016, interested start-ups from all over the world can submit an application for the programme on the English-language website www.metroaccelerator.com. The teams must fill out a questionnaire and can upload a video, if they wish. The whole application is to be completed in English. An expert jury composed of investors and mentors will choose the 10 most promising start-ups. The programme will get under way in Berlin on 12 September. After three months’ working with more than 100 international mentors, the start-ups will present their company to investors, industry leaders and the general public on the so-called Demo Day in December 2016.

“The potential in this still underdeveloped founder segment is vast and the market for digital solutions in the hospitality industry is growing rapidly,” says Alexander Zumdieck, METRO managing director of METRO Accelerator. “We received several hundred interesting international applications for our first Accelerator round last year, far more than we anticipated. We expect a similarly strong response for the second round,” Zumdieck explains.

Once again, innovative businesses are being sought, with the ultimate aim of delivering added value for the restaurant, hotel and catering sector. They could be solutions for entire business areas – multichannel, new applications to gain customer loyalty and optimise business processes are just as conceivable as new digital products and special services. Start-ups at all maturity levels and from all over the world can apply, and neither their legal structure nor the age of the team members is relevant to the application. What is important is that a team is available and can work for the duration of the three-month programme in Berlin from mid-September. The whole programme is conducted in English.

As a renowned partner, Techstars will continue to be responsible for start-up development in the METRO Accelerator programme for the next three years. “After the successful conclusion of the first programme, we are delighted to be developing the promising start-up segment further, together with METRO,” says Jens Lapinski, Techstars managing director of METRO Accelerator. “As one of the world’s most well-known start-up ecosystems, Techstars contributes its internationally tested programme and a network of more than 3,000 mentors, investors and experienced members of the start-up community. To date, we have invested in more than 1,000 company founders. You remain a member of the Techstars network for life, not just for the duration of the programme.”

Further information on the process and details of the programme can be found at www.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 ofMETRO 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.

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 startup 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 early stage grassroots community development to more formal opportunities that provide education, experience, acceleration, funding, and beyond.

For more information visit www.techstars.com.

Contact Media Department

Telephone: +49 211 6886-4252
Telefax: +49 211 6886-2001

E-Mail METRO GROUP: presse@metro.de

METRO and Techstars officially launched the new Techstars METRO Accelerator; applications until 3 August 2015

Düsseldorf, Germany, 2015-4-28 — /EPR Retail News/ — METRO and Techstars have officially launched the new Techstars METRO Accelerator: Starting immediately, the two partners are seeking start-up teams who support the digitisation of the gastronomy, hotel, catering and food industries with their technological applications. From now until 3 August 2015, interested teams of founders from around the world can apply online at www.techstarsmetro.com. Starting in October, experienced mentors will support 10 selected start-ups over a period of three months to develop their innovative ideas further.

“Start-ups worldwide are developing digital and technological innovations that could be ground-breaking for our customers in the gastronomy sector,” said Olaf Koch, Chairman of the Management Board of METRO AG and CEO of METRO Cash & Carry. “At METRO, we would like to find and support the most creative and innovative among them. By helping founders to develop their ideas, we help our customers to become even more successful using these new services and technologies.” From now until 3 August 2015, interested start-ups from around the world can therefore submit their application for the start-up program on the English-language website www.techstarsmetro.com. The teams have to complete an extensive questionnaire and have the option to upload a video. The entire application process will take place in English. The program will be officially kicked off on 12 October 2015. The teams will present their ideas to international investors, leading sector representatives and the public on a designated Demo Day in January.

“Techstars is so excited to partner with METRO on this accelerator,” said David Cohen, Founder and Managing Partner, Techstars. “The hospitality and food tech space has been under-represented and given METRO’s significant resources, combined with Techstars’ proven methodology, we’re confident that we can bring a new standard of innovation to this vertical.”

Over a period of three months from October, the Techstars METRO Accelerator will foster 10 selected start-ups in Berlin. In order to provide them with optimum support, METRO will make available to the founders the combined specialist knowledge of its experts from procurement, distribution, marketing, strategy, finance, legal and communication. As one of the most renowned start-up networks worldwide, Techstars will contribute its internationally proven development program and a network comprising more than 3,000 mentors, investors and experienced members of the start-up community. Digital agency R/GA, another partner supporting the program, will offer the teams exclusive multi-channel access to brand strategy and creative services as well as access to its global client and partner networks. In addition, the founders will be supported financially for the duration of the program.

The program organisers are looking for international technology start-ups in all phases of their growth. There is no age limit for applicants. Ultimately, the innovative business ideas should aim to provide added value for the gastronomy, hotel and catering sectors. These could be solutions for all business areas – multichannel, food delivery and new applications to promote customer loyalty are just as conceivable as entirely new digital products or special services.

Participation in the Techstars METRO Accelerator offers start-ups a host of new opportunities: METRO / MAKRO Cash & Carry is a leading international cash & carry wholesale company which operates in 26 countries. The access to METRO’s customers and the retail and wholesale company’s 5,500 sales representatives offers the start-ups enormous potential. METRO’s customers will profit in their turn from the technological innovations from the Techstars METRO Accelerator and use the potential for their own business.

Further information is available at www.techstarsmetro.com and on Twitter at @MG_innovate.

 

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 around 2,200 stores in 30 countries and has a headcount of around 250,000 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 – Real hypermarkets and Galeria Kaufhof department stores.

Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market wherever they choose to build their business. With 18 mentorship-driven accelerator programs worldwide, Techstars exists to support the world’s most promising entrepreneurs throughout their lifelong journey. Techstars provides access to over 5,000 founders, mentors investors, and corporate partners, allowing entrepreneurs to accelerate the pace of innovation and do more faster. Techstars makes entrepreneurship more accessible by providing access to capital, guidance, marketing, business development, customer acquisition, and recruitment.

R/GA, the company for the Connected Age, develops products, services and communications to grow our clients’ brands and businesses. Founded in 1977, the agency has been a pioneer at the intersection of technology, design and marketing with work spanning web, mobile, and social communications, retail and e-commerce, product innovation, brand development and business consulting. R/GA has more than 1,400 employees globally with offices across the United States, Europe, South America, and Asia-Pacific and is part of The Interpublic Group of Companies (NYSE:IPG), one of the world’s largest advertising and marketing services organizations. R/GA is a member of the GAN (gan.co), a network of the world’s most respected accelerators and organizations in support of the startup ecosystem. For more information on R/GA, please visit www.rga.com, www.rgaaccelerator.com, @rgaventures, and @rgaaccelerator.

METRO partners with US company Techstars to support innovative hospitality start-ups

  • Techstars METRO Accelerator: METRO collaborates with US partner Techstars to promote digital innovations for customers in the hospitality sector
  • Innovation to be an integral part of METRO GROUP’s corporate strategy: customer and market trends to be incorporated faster into business operations
  • Focus on new channels, logistics and marketing solutions as well as innovative services
  • New “Innovation in Retail Meetup” network promotes communication between start-ups and METRO GROUP

Düsseldorf, Germany, 2015-2-10 — /EPR Retail News/ — METRO GROUP is actively shaping the future of the trade industry and is increasingly opening up its sales lines both inwardly and outwardly to innovative ideas. With this objective, METRO is joining up with US company Techstars, one of the most highly recognised international mentorship programmes, to support innovative hospitality start-ups. The newly launched Techstars METRO Accelerator targets companies offering innovative technology applications for the restaurant, hotel and catering industries. In the context of this programme, experienced mentors and experts spend three months helping start-ups to advance their business. Techstars METRO Accelerator is the first global programme focused on technology applications for the hospitality sector. International digital agency R/GA will supplement both partners’ knowhow at the Techstars METRO Accelerator in Berlin.

Teams of founders are being sought with technology-based services and products that simplify, accelerate and digitise operational processes and customer relationships of restaurants, cafés, snack bars and catering businesses or hotels. The aim is to make this important METRO customer group even more successful in future thanks to technological innovations. The programme will kick off at the end of April in Berlin. “With programmes like the Accelerator, we are searching specifically for innovations that tie in with our strengths and which we can thus develop better than others,” says Olaf Koch, Chairman of the Management Board of METRO AG and CEO of METRO Cash & Carry. “With 1.6 billion customers per year in our stores, almost a billion visitors on our websites and around 75 million loyalty cards, METRO GROUP has a unique customer base in a broad portfolio of retail formats. Coupled with our marketing and sales power as well as our procurement competence, we have the ability to help new ideas and innovations, both stationary and digital, to succeed.”

In order to promote communication between innovative technology start-ups from the trade and hospitality sectors with METRO GROUP and its sales lines, the company has created a new platform. At the “Innovation in Retail Meetups” at the Metro Campus in Düsseldorf, business founders present their ideas and business models and discuss them with other entrepreneurs, start-up experts and Metro representatives. The bi-monthly Meetups were started only recently, but have already evolved into a popular networking platform for the sector.

Overall, the international retail and wholesale company is amalgamating the realignment of its sales lines according to relevant customer, market and technological trends. To this end, METRO GROUP is merging the areas of Strategy, Investment Management and Business Innovation into one powerful strategic unit. “Our strategy aims to achieve a balanced mixture of business models and countries in future,” Koch says. “This includes on the one hand the repositioning of our sales lines, but also developing new business segments. With our new innovation approach, we see ourselves well equipped to do this.”

Within this framework, METRO GROUP is aligning itself into five innovation areas that will serve as a basis for all innovation projects. The first innovation area, “Store”, will take into account the development that purely online traders are increasingly looking for a way into real selling spaces. One successful test project in this context was a pop-up store that the US online trader eBay carried out in cooperation with online payment service PayPal and METRO GROUP in Bremen up to the end of January 2015. All sales lines are set to profit from the new opportunities for customer retention, sales approach, and customer advice and incentivisation.

The second innovation area, “Channel”, focuses on the accelerated development of various distribution channels. Multi- and omni-channels are the relevant approaches that must be implemented here. The most recent example is the Media Markt and Saturn web shops on the eBay platform that have been opened as a new distribution channel.

The growth of food e-commerce has conferred even greater importance on logistics. The third innovation area, “Logistics, Supply Chain, Procurement and Warehousing”, will open up new opportunities in this segment for METRO GROUP. Finally, the aim of the fourth innovation area, “Marketing”, is to optimise the sales approach of all sales lines.

The fifth innovation area, “New Products & Services”, will develop customer-centred models for new products and services. For example, more than just the normal product range is to be offered to METRO Cash & Carry’s most important customer base: companies from the gastronomy, hotel and catering industry. Specially tailored services are set to support customers particularly in the sector’s ongoing digitisation.

METRO GROUP is one of the largest and most important international trading companies. During the financial year 2013/14, it generated sales of about €63 billion. The company operates around 2,200 stores in 30 countries and has a headcount of around 250,000 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 – Real hypermarkets and Galeria Kaufhof department stores.