Be!Fund – The Business of Creating Heroes

Be!Fund Deutschland Förderverein e.V. is a non-profit startup that supports social startups in India. The organization is the local support hub for two organizations in India

  • Be!Fund India helps entrepreneurs to get non-profit venture capital in India
  • Going to School India helps children in India to finish their last years in school in order to learn crucial skills, they could use to become social entrepreneurs themselves.

Both organizations are intertwined on a personal basis in India, both are supported by the entity we interview from Germany. Therefore both are covered in this interview here. In Frankfurt, Be!Fund works closely together with the Indian parent organization e.g. by reviewing business plans of the social entrepreneurs and supports them financially by collecting donations invested as seed capital into social entrepreneurs who pay it back by for another investment in the next generation hopefully creating a ripple effect. In the volunteering work methods from the lean start-up movement are used, such as prototyping our fundraising campaign „Karmaheld“ that raises donations in a fun way. The campaign is abstaining from using old-fashioned guilt feeling techniques, taking prototypes to the streets and improving it from the feedback received.

Want to support the initiative, donate here

 

Links and Videos

Links
Want to support the initiative, donate here
Be!Fund website
Karmaheld website
Download Skool App „Skool by Going To School“ for iOS here

Videos from the initiatives on YouTube: 
Going to school India
Jayanti’s Candle Making Business – Befund!
Mageshwari’s Solar Lighting Business – Befund!
Archana’s Leaf Plate Making Business – Befund!

Startup News Germany January and 2016 Review

 

Note: The recording was done on Jan. 23rd and does not include any news following this date.

 

House Keeping:

Once more our German podcast is number 1 on a #startup #podcast list. https://t.co/ZH0F8852ZA

We did a live stream of the Accelerator Frankfurt Demo Day. You can see the recording here #demodayffm https://www.youtube.com/playlist?list=PLNT8T-Znm8zVx-PctAQcsMtRGXIQnuE24

In German: Fintech Review German https://www.startupradio.de/fintech-review-2016-und-ausblick-2017/

Interview with the winners of Deutsche Bank Hackathon

 

Hubs

Frankfurt:

Creathor Venture and IBB Beteiligungsgesellschaft invest a seven-digit amount in manufacturer of ultra-reliable communication systems R3 Communications http://buff.ly/2jTDVFd

Could Frankfurt become the new Berlin for startups? ask the local https://t.co/xukv64Mvnz

BAAAAAAM! There it is SpaceStarters a new crowdfunding #platform for air and space tech! http://ow.ly/ftDI3079WNA

CardioSecur turns Smartphone into ECG https://www.fuer-gruender.de/blog/2016/12/cardiosecur-medsystems/

Deutsche Boerse offers gamers place to trade virtualgoods | Reuters http://ow.ly/X4v6306JNbe

There are now mind blowing 172 meetups in the Rhein-Main Area related to coding, desing, startups and vc investment http://meetup.rheinmain.rocks/

 

TRUMP, TRUMP, TRUMP!

Jörn’s input the Smooth-Hawley Tariff (on protectionism with tariffs)
– An article from free.org “In 1930 a large majority of economists believed the Smoot-Hawley Tariff Act would exacerbate the U.S. recession into a worldwide depression.” https://fee.org/articles/the-smoot-hawley-tariff-and-the-great-depression/

 

Companies

We talked about it before Online auction house Auctionata has filed for preliminary insolvency and plans to spin off Paddle8 | EU-Startups http://ow.ly/JtPR308bKVG

Management Level employees leave Berlin based fintech OptioPay reports Gründerszene https://t.co/uqoUdq6RdC

Alltogehter there are 9 startups aiming to copy casper (matress), who is by the way also selling in Germany by now http://ow.ly/I3tM3080hHv

Timm Schipporeit leaves VC Index Ventures after Movinga fiasco writes manager magazin http://ow.ly/SbDw3079TP6

 

GSA

Making art helps this refugee create her new life in Austria  https://t.co/yoA677OvGE

 

Rocket Internet Corner

Reserach by NGIN Food and Gruenderszene suggest that the owners of Foodpanda took a big hit when merging it with Delivery Hero. Their work suggest that Rocket’s Foodpanda stake once worth beyond 250 mn € (Rocket held 50+% of the company worth 570 mn) went to Delivery Hero for 1,1% stake in Delivery Hero, which they is estimated to be worth only 70 mn €.  http://ngin-food.com/artikel/rocket-internet-foodpanda-delivery-hero-analyse/ 

Also, Rocket just announced to have collected a $1bn fund for investing in and financing of startups. It’s called Rocket Internet Capital Partners, RICP and the largest in Europe to date. The stock price didn’t change that much, though, it’s still somewhere below 20€, compared to a high of more than 50€ in 2015. https://techcrunch.com/2017/01/20/rocket-internet-closes-1b-fund-the-largest-to-date-out-of-europe/

 

 

2016 Review

Germany’s 10 fastest growing #startups in 2016 | HEUREKA magazine https://t.co/0rgiKqthTE

German #FinTech Overview in one big chart https://t.co/lieUTNVNZL

15 largest financing rounds in Germany in 2016 http://berlinvalley.com/finanzierungsrunden-startups-2016/ Hello Fresh beeing the largest with 85 mn €

Largest and most important exits 2016 http://ow.ly/ohS5307Yp9L Team View Investor buying P&I the biggest 850 mn €

 

Accenture „HealthTech Innovation Challenge“ – From our mailbox

500 startups applied globally 

3 US-based companies made it into the finals, which have been awarded that the 35. J.P. Morgan Healthcare Conference in San Francisco 

Winner was QuiO, developer of a cable-less injection device with a cloud platform for smart medication

Other winners 

CaptureProof (developer of a camera, including the „Visual Narrative“-App for the exchange of information between all involved parties (patients, doctors…)

UE Life Sciences, Inc.(cancer screening tool for Point-of-Care, developed for developing countries

 

2017 Preview

“The triangle of Berlin, London and Paris will cement its dominant European position, accounting for the lion’s share of European VC activity. Together they will account for 75%+ of EU’s VC funding volume”

Point Nine Capital 2017 Team Predictions – Point Nine Land – Medium http://buff.ly/2jn6zhl

 

10 “Next Big Things” that will fail in Media Entrepreneurship in 2017

Among them are Monetization of Facebook Videos and VR. VR? Yup. https://medium.com/digital-journalism-rocks/these-10-journalistic-next-big-thing-predictions-are-doomed-to-fail-in-2017-81d2ec4dea97#.m718w657z

 

From our German Rhein Main Review podcast: Mario and Joern think that the Rhein Main Area is good for 100 mn Euro VC funding in 2017 – Joern bets on more. We will let you know at the end of the year, how it turned out.

 

Joern’s find https://www.the-little-michelangelo.com/

Werner von Siemens, a great innovator would have turned 200 in december 2016! http://www.gruenderszene.de/galerie/siemens-zitate?pid=13197

 

Stay ahead of the curve

Why Apps Won’t Matter in the Future https://www.youtube.com/watch?v=drXNPy23Xco

The future of money | Neha Narula – YouTube http://ow.ly/rpzt307reY8

 

ROADTRIP INTERVIEWS AND EVENT HIGHLIGHTS FROM BITS AND PRETZELS 2016 – PART III

This time in our final roadtrip podcast from Bits & Pretzels 2016 our topic range is quite wide: logistics, VR and education. Event’s foyer was full of startup stands from all business fields with interesting ideas and products. Shipping goods today is as easy as that, just few swaps on smartphone, startups Bird and einfachverschickt.de are helping doing that. There are plenty of use cases for VR in design and architecture, consulting, marketing, startup eachtick’s product GVR is a good demo of that. And finally SpeaQ With Me’s product is a new online social language platform, stay tuned, more in our podcast.

You can find the other interviews here:

Episode I Bits and Pretzels 2016 –  Mozilla Foundation and startup pitches

Episode II Bits and Pretzels 2016 –  Startups in HR and talent search

ROADTRIP INTERVIEWS AND EVENT HIGHLIGHTS FROM BITS & PRETZELS 2016 – PART II

We continue series of Roadtip podcasts from Bits & Pretzels 2016, discussing event’s program that was full of keynotes, workshops, speakers and pitches.

 

Today we are sharing with our listeners value propositions of startups in field of HR and talent search. Surprisingly there are a lot of gaps in this business that startups can improve and create additional value both for firms and job seekers. We talk to the startups Talentcube, MoBerries and TaylorTalents are sharing with us their ideas and product pitches.

 

Here you find Episode I Bits and Pretzels 2016 –  Mozilla Foundation and startup pitches

DWINS – DEUTSCHE BANK HACKATHON WINNER

This is the third and last episode in a small series, where we introduce our listeners to the winners of Deutsche Bank Hackathon.

This time we talk to real twins: Ben and Alex, who are FinTech entrepreneurs and of course winners of Deutsche Bank Hackathon. They founded their company dwins in Cologne, but relocated to Frankfurt after a pivot. They offer a smart analytics API for analyzing current accounts and credit card transactions, currently getting into machine learning. During the hackathon they coded the so called Finance Guru, for personal finance.

You can learn more by tuning in to the interview and follow DWINS on Social Media:

Lear more about the other two interviews with winners of Deutsche Bank Hackathon here:

  • Finchild – A pocket money app who want to further the financial education for children.
  • Wire – A chat bot platform, who coded a client service chat bot during the hackathon.

PS: Here is the promised view from Deutsche Börse Fintech Hub (on a cloudy, rainy day): https://www.facebook.com/startupradio.de/photos/a.1569447969949281.1073741828.1427450964148983/1853651681528907/?type=3&theater

And picture added from the comments: https://scontent.xx.fbcdn.net/v/t31.0-8/13147328_576116012554002_1840556866369125770_o.jpg?oh=fb788b1ef058a22455f2836f773950e3&oe=58F4A46C

FINCHILD – DEUTSCHE BANK HACKATHON WINNER

This is the second episode in a small series, where we introduce our listeners to the winners of Deutsche Bank Hackathon.

We talk in the second interview with Christopher from Finchild, which is an app for parents to reward children, pay them pocket money or assign tasks to them so they can earn money. The team therefore wants to contribute to the financial education of children from an very early age on. During the hackathon the team developed the Finchild app.

You can learn more by tuning in to the interview and follow Finchild on Social Media:

 

More interviews from the winners of Deutsche Bank Hackathon:

  • Chatbot platform wire.com, which developed a client service chatbot during the hackathon.

Wire – Deutsche Bank Hackathon Winner

This is the first episode in a small series, where we introduce our listeners to the winners of Deutsche Bank Hackathon.

We talk in the first interview with Helena and Gregor from wire.com, which is an end-to-end encrypted messaging service on which you can run chatbots. During the hackathon the team developed a chatbot for client interactions for Deutsche.

Tune in to learn more.

We touch the following topics during the interview:

Startup News Germany – November Wrap-Up

House Keeping

Once again we are Number 1;-) This time our German podcast got put there by a Hamburg based “founder initiative HEI” on their website http://www.hei-hamburg.de/blog/hoert-euch-schlau-podcasts-fuer-gruender/

 

Video in English:

  •  We sat down for a short chat with Brant Cooper, NYTimes bestselling author of “The lean entrepreneur”. You can find the video of course on our YouTube channel
    • Brant Cooper – “The Lean Entrepreneur” in a short interview with Startupradio – YouTube http://ow.ly/Ua0q306IsWc

 

Audio Episodes:

  • An interview with a startup from the social impact lab Frankfurt: MEJO! aims to improve the life of diabetes patients with data science, focusing on the Spanish speaking countries, working with behavioral data – startuprad.io http://ow.ly/r2TP306Itfg
  • Frankfurt Celebrates Innovation, the award ceremony for the startups, who get to go to the USA with the German Accelerator Program. We interviewed a few startups and you can tune in here for some interviews and event highlights – startuprad.io http://ow.ly/JI2H306ItV4

 

Eco System 

Report of the Ministry of Finance: Germany on its way to become a fintech nation (GER) http://buff.ly/2gdbIaR

From the report:

  • A total of 433 Fintech businesses with operations in Germany were identified; 346 of those remain active. The other 87 businesses either did not begin their operations before 2016 or else are no longer active
  • We estimate the total volume of the potential addressable markets of the financing and wealth management sectors in Germany to equal almost 1.7 trillion EUR in 2015. This figure comprises a market volume of approximately 380 billion EUR for the financing sector and about 1.3 trillion EUR for the wealth management sector. In a real case scenario, we forecast growth in the total market volume of FinTechs of approximately 58 billion EUR in the year 2020 and 97 billion EUR in 2025. In 2035 the market could realistically reach a volume of up to 148 billion EUR.
  • Almost 87 % of the surveyed financial institutions currently cooperate with a FinTech business and strive for cooperation with or a participation in a FinTech business in the future.
  • After the UK, Germany is the second largest FinTech market in Europe. Internationally, Germany is rapidly catching up.

And here is a PDF summary of the report in English: http://www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Internationales_Finanzmarkt/2016-11-21-Gutachten-kurz-en.pdf;jsessionid=31B1E5E0508FDEF49B49A6302F86D60C?__blob=publicationFile&v=1

 

KPMG Fintech Pulse: Germany again tops UK for FinTech funding in Q3’16: Germany saw almost 35% more funding to VC-backed FinTech companies than the UK for the second consecutive quarter, led by financings to Smava and FinanceFox. You find the link to the PDF here: https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2016/11/the-pulse-of-fintech-q3-report.pdf

 

 

Hubs 

KPMG made a list of 100 FinTech Innovators. The list of the emerging stars from Germany made it Kreditech (#7 Hamburg) and Spotcap (#29 Berlin – Rocket Startup)

In the Global Leaders Ranking made it Pair Finance (# 90 – Berlin) and Solaris Bank (# 96 – Berlin)

https://home.kpmg.com/xx/en/home/media/press-releases/2016/10/the-fintech-100-announcing-the-worlds-leading-fintech-innovators-for-2016.html

Article in German: http://www.gruenderszene.de/allgemein/fintech100-fintech-innovators-kpmg-2015-1601 

Frankfurt 

Deloitte UK sees bright future for Frankfurt, as a FinTech hub in its recent report. Around the world in 21 hubs | Deloitte UK http://buff.ly/2eQKpiA

 

German Fintech Awards been awarded in a ceremony in Frankfurt

  • Seed-/Early Stage: Scalable Capital (Robo Advisor from Munich and London)
  • Late Stage: CRX Markets (An independent marketplace for Asset-Based Financing solutions and connects Buyers, Suppliers, Banks and Institutional Investors from Munich)
  • Growth Stage: webID Solutions (Web based ID from Berlin)
  • Foreign new entrant to Germany: Quantoz (a Blockchain startup from the Netherlands)

You can learn more on the links below (mostly in German)

http://www.startupvalley.news/de/scalable-capital-gewinnt-fintechgermany-award/

https://www.webid-solutions.de/de/

https://quantoz.com/

 

Coffee retail startup Roast Market raised more than 1 million this year, in two rounds. More details have not been disclosed. http://ow.ly/DBvO306AbFL

 

Tech & Startup Events Frankfurt RheinMain – Now every week in English! https://hallofrankfurt.de/tech-startup-events-frankfurt-rheinmain-a67bc901d088#.ak0dq9piz

 

In the ministry of finance from the state of Hessen, there have been “countless” requests from banks, companies and startups from the UK after the Brexit vote reports Frankfurter Neue Presse http://www.fnp.de/rhein-main/Warum-der-Brexit-eine-grosse-Chance-fuer-Hessen-ist;art801,2347265

 

From our discussion, the list of InsurTech startups from Frankfurt https://rhein-main-startups.com/2016/08/22/insurtech-startups-aus-frankfurtrheinmain/ and the InsurTech meetup. 

 

Berlin and Hamburg

Everybody seems to be on the hunt to profit from Brexit: Gründermetropole Berlin writes that Berlin and Hamburg now work on a startup tour together to lure startups from London over http://ow.ly/9qEP306pmiZ

 

Companies

 

We found the captable of hyped Berlin FinTech N26 / Number26 – Bottom line VCs control 54%, management 35,88 %, 8 business angels 6,13%, approximately 3% for Springer’s Plug and Play of the company. The company is therefore valued at 154 mn US$ http://ow.ly/COOp306nwbu

Related: CTO leaves hyped Berlin based fintech N26 http://www.gruenderszene.de/allgemein/christian-rebernik-abgang-number26

 

Even established companies fail … frequently in ecommerce: From a unicorn to a “no-corn” the well established chocolate company Ritter Sport wanted to produce a unicorn chocolate, only available online and … two times their online store just broke down. This lead to some ridicule on social media, using the hashtag #glittersport  – So, not only startups fail, but they can surely learn to get load tests before you expected a big wave of purchases http://ow.ly/JC1K306bYSE

 

Rocket Internet Corner

 

move24 vs. movinga. Both startups help you to find the right person to move house now they also have a TV ad battle going: https://www.deutsche-startups.de/2016/11/07/move24-vs-movinga-jetzt-auch-im-tv/

Keep in mind movinga has already been in the news in the past

so now, there is more competition going on here. We keep you updated.

 

Startup wins lawsuit in Germany against Ryanair, can still by delay claims from passengers, which Ryanair tried to prohibit. Now the startup flight right can still buy late claims from the passengers  http://ow.ly/TMgN3062sm1

Unister you may remember the company with the many vacation portals that went in insolvency with a questionable end to the founder? We promised to keep you up to date. Now the insolvency administrator sold the first subsidiary http://ow.ly/II60306bu7I

 

Jörn’s find Icaros gives you with a funny chair and VR glasses the feeling of flying.

http://www.vrfitnessinsider.com/interview-icaros-co-founder-johannes-scholl/

 

Stay ahead of the curve

Frankfurt Celebrates Innovation – Interviews and Event Highlights from the German Accelerator Event

img-20161013-wa0005-collageThis time we bring you interviews from the fantastic event “Frankfurt Celebrating Innovation”, which took place last month organised by German Accelerator together with Frankfurt Pitch Club and hosted at TechQuartier Frankfurt. Startups from all fields pitched non-stop to be the luckiest ones and get a chance to participate in the US programs of German Accelerator. They will spend time in the US in either Silicon Valley or New-York, leverage the GA network and scale their products in US market.

 

We would like to point out our interview with Andy Goldstein, the CEO of German Accelerator and surely we bring you interviews with some of the US-bound startups:

MEJO! aims to improve the life of diabetes patients with data science

Today we bring you an interview from one of the social startups from the Social Impact Lab Frankfurt. We talk to Luca from MEJO!, a web application, which applies data science to help patients cope with their diabetes.  MEJO officially launches Nov 28th, but has already more than 6.000 registered users. Currently there are estimated to be more than 30 mn people with diabetes in the Spanish speaking countries and MEJO aims to help those people, as well as their care takers.

As of now there is a lot of medical data (e.g. blood pressure) available for the condition, but not much behavioral data, which is the big advantage of MEJO, since they try to use exactly this data. Tune in to learn more!

MEJO! is actively looking for seed funding.

Here you find the links