Today, LineMetrics (from Austria) and Transmetrics (from Bulgaria) won 30.000 Euro in an international idea contest organised by EIT ICT Labs. They were announced as the two best of nine pitch presentations executed today in the Berlin Co-Location Center of EIT ICT Labs. With the award money the startups will further develop their service or product.
Transmetrics, represented by its CEO Asparuh Koev, presented a big data solution for cargo transport industry to improve capacity optimization. Transmetrics builds a predictive analytics cloud solution, which enables companies to forecast their shipping demand. "I am thrilled to win this contest”, Asparuh Koev said. “We will be able to extend our pilot project with some three months now, resulting in an even better product development.”
"It is a great honour to win this contest, where so many good ideas were presented," said Wolfgang Hafenscher of LineMetrics. His business pitch consists of a hardware system for data acquisition and communications servicing the manufacturing industry. “We will invest the prize money to create more jobs at LineMetrics.”
"I am impressed by the presentations of inspiring innovators from all over Europe, executed in our Co-Location Center today. We welcome those entrepreneurs into our existing network of partners and activities in research, industry and education”, Dr. Udo Bub, Managing Director of EIT ICT Labs Germany and chair of the jury said. “I see this day as the joyful starting point of our fruitful cooperation.”
Over 50 applications from 17 countries were submitted. After revision by a jury of experts in the field of Cyber-Physical Systems and Future Cloud and furthermore business modeling specialists, nine promising startups and entrepreneurs from eight countries were selected as finalists. Bub and his jury particularly praised the business fit of all ideas during the award ceremony.
Startup Activation in Berlin is part of EIT ICT Labs' Outreach Programme that aims to involve European countries outside the existing network of EIT ICT Labs countries.
The jury consisted of Michal Dunaj (T-Labs), Tua Huomo (Action Line Leader for Future Cloud), Holger Pfeifer (Action Line Leader for Cyber-Physical Systems), Elmar Donner (SAP) and Udo Bub, a.o. (see picture).