Accelerator Frankfurt Newsletter (July 2018)

Dear friends and colleagues, 

Summer months are here already but we at Accelerator Frankfurt are continuing at full speed ahead. The 4th Wave Demo day is over with great success and achievements. Currently we are traveling extensively meeting new startups, investorsand mentors. We are preparing for our next Go-to-Market program, with a strong focus on Blockchain. Below we are happy to present our July newsletter edition. 

We are always happy to get your feedback and comments and would like to take this opportunity to thank all those who replied and advised.  

Yours,

Maria and Ram
Accelerator Frankfurt
Accelerator Frankfurt Newsletter – July 2018
 
Latest News

4th German Fintech awards

The 4th German Fintech awards “The Golden Garage” were given out to outstanding startups. Maria Pennanen was honored to be in the jury and present “The best foreign Fintech entrant to the German market” award together with Matthias Hübner to Revolut’s Benjamin Belais . The criteria for the award was Revolut’s growth rate, money raised, valuation and the successful way they build their business with relevant partnerships. The other winners and candidates can be viewed at hereScaling-up andcollaboration are what Accelerator Frankfurt GmbH believes in. We are all stronger together, therefore we help #startups partner and find innovative corporates to run POCs and pilots with. We aim to release the potential in the #blockchain #ecosystem#fintech #cybersecurity #postICO #gotomarket

Accelerator Frankfurt and Taylor Wessing will offer startups a new GDPR implementation service

Accelerator Frankfurt in cooperation with Taylor Wessing has announced a new service to provide startups with legal/technological advice and guidance for the implementation of the EU’s privacy protection regulations, the GDPR. The regulation is significantly changing the way companies collect and handle users’ private information. This requires Fintech startups and the like to prepare thoroughly all aspects of the information gathering and handling processes. In view of this, and in light of the extensive experience acquired by the Accelerator Frankfurt and the vast legal experience of Taylor Wessing, the service will provide a range of legal and technological services in order to ensure full adaptation and easy transition to the new reality.

Accelerator Frankfurt’s 4th demo day was a success! Inspirational welcome was given by Ram Shoham. An insightful fireside chat moderated by Maria Pennanen with Ainomaija S. Haarla on her learnings as an investor from #exits. Our #startups Coin AnalystEasySendEverex Globalfryd GmbH andShieldFC have made great progress during the program. Special thanks to our jury members Ainomaija,Tatjana WildShahram RezasadeDr. Marc Umber and Eckhard Ortwein for their insights and inspiration. Great moderation by Peter Hopwood who also gave our startups practical tips on fine-tuning their #pitch. We are meeting the candidates for our next wave, with focus on #gotomarket #blockchainsolutions and #postICOs in #Fintech and #cybersecurity.

Presenting at the Fintech Junction in Tel Aviv 

Finance Magnates attended the second annual Fintech Junction conference, which was held at the Hilton, Tel Aviv. The inaugural event attracted 1,500 attendees from 20 different countries. Maria Pennanen, co- founder of Accelerator Frankfurt participated in the ICO panel and talked about things to consider When launching or investing in ICOs.

Presenting at the Fintech Junction in Tel Aviv 

Ram Shoham, the founder of Accelerator Frankfurt, gave a keynote at Fintech Junction titled “ICO is just the beginning”. Ram noted that “the huge amounts that startups raise through ICOs often has a negative impact on their ability to accomplish their business goals since it takes out the sense of urgency for reaching crucial milestones”. Ram added that the cryptocurrency market broke new investment records this first half of the year. Coindesk’s data shows that ICO investments totaled $ 13.6 billion – 2.5 times the total number in 2017.

The ability to issue through ICO (Initial Coin Offering) opened a new channel that allows companies to raise funds faster than the processes that startups have in the past. There is no doubt that these companies go through all the stages as a startup company does, but some of these companies lack a few central things which Ram touched upon on his speech: ‘smart money’ with connections, pressure from running out of money, and strategic partnerships. Accelerator Frankfurt is working with post-ICO startups in their go-to-marketing strategies. Contact us for more details.

Recent Updates


CoinAnalyst completed its pre-ICO sales in just 12 days. The first crypto fund to have invested in this ICO was Polymbios, based in the UK. More similar funds are taking interest as CoinAnalyst is in the BlockChain week in Korea this week. The main sales is now live through their website here.


The fantastic team of EasySend has made major news in Israel in the past week by enabling Leumi Bank, Israel’s second-largest bank, to offer fully digitized mortgages to its clients. This is the first of its kind in Israel. We are looking forward to soon have a similar successful announcement from Frankfurt. Check out the latest video made for the German market,here.

MEETUP IN FRANKFURT – CRYPTO ASSET VALUATION: NEW AGE OF DATA SCIENCE & FINANCIAL ANALYSIS

On 11 June, the CEO of SantimentMaksim Balashevich was the key speaker at a meetup event aimed at engaging with leading data scientists, finance/fintech pioneers, machine learning specialists, managers of family offices, and crypto enthusiasts. With nearly 200 attendees, the event focused on work being done by Santiment to create a credible framework for cryptocurrency analysis and valuation methodologies. Santiment, a pioneer in cryptocurrency market data aggregation and analysis, is inviting data scientists and analysts to use its platform to draw meaningful insights into digital asset markets – open APIs will allow users to plug straight into the big data analytics platform.

Come with us: October 29 – November 2, Hong Kong – Shenzhen
Meet 8,000 executives and more than 200 speakers from over 50 countries at Hong Kong FinTech Week 2018, from Oct 29 to Nov 2. We will be presenting here.

About the Author

Ram Shoham

Ram Shoham is to Fintechs what George Martin was to the Beatles. He is the Founder of Accelerator Frankfurt with 16 years of international corporate experience in finance and general management before becoming an entrepreneur. Ram is also the Co-Founder of the Santiment Blockchain Hub, which is focused on building an ecosystem for promoting blockchain technologies and education in this sector. He learned from his pro-surfing career the importance of surrounding himself with passionate people and being in the right place at the time. Ram has excellent network contacts in Tel Aviv, the actual tech community hotspot in Israel.

Related Article

Donnerstag, 22.11.2018 by Ram Shoham
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Dear friends and colleagues,
On Monday the 26th of November, we welcome you to our office for another learning session on Crypto Trading Strategies. Expand your trading skills and understanding on cryptocurrencies with one of the top gurus in the space, Maksim Balashevich. Please register here or simply send me an email if you wish to join


Best regards, 
Ram
Mittwoch, 24.10.2018 by Maria Pennanen
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Some two hundred Artificial Intelligence (AI) enthusiasts from European national banks and ECB attended the conference in Frankfurt to learn about AI. Koenraad de Geest, the Director General of Information Systems at ECB, had the opening words and defused the commonly believed threat of mass unemployment caused by AI. The coming 4th industrial revolution will require some of us to reskill, but at the same time offers an amazing opportunity to take advantage of this new technology. Today, ECB uses Natural Language Processing (NLP) to analyze the markets perception on ECB’s communication. Additionally, ECB scraps data from the internet to predict inflation. The message was to embrace the new era and not to be threatened by the science fiction fear scenarios.
Mittwoch, 03.10.2018 by Ram Shoham
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Blockchain & Crypto Assets, plus Korean startups networking
 
Dear friends and colleagues,

Our community is once again gathering at the Santiment Blockchain Hub on October 24th, for an evening not to be missed. We strive to enrich our knowledge in the Blockchain and crypto field and want you to be part of this journey. Santiment is a global leader providing financial and crypto market data to investors, hedge funds and academia. Santiment’s data scientists are making regular discoveries in the crpyto space and are giving its community a close insight to such revelations. Join our coming meetup with Maksim Balashevic, CEO of Santiment, and moderated by the internationally renowned moderator, Mr. Peter Hopwood. If you are curious to keep learning, sign up here.

Best regards, 
Ram
Mittwoch, 12.09.2018 by Ishay Tenster
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So, how can blockchain be applied to real estate?

Blockchain technology is all about decentralization and implementing decentralized systems in order to make things more transparent. When it comes to real estate, the industry is very old fashion and virtually no large technological changes have been made in this area for centuries.
Mittwoch, 05.09.2018 by Maria Pennanen
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(Frankfurt am Main, 30.09.2018) Accelerator Frankfurt partners with Santiment (a successful crypto data insights provider) to set up the Santiment Blockchain Hub. The vision is to build a place where like-minded people can collaborate and to push blockchain to the next level. The Santiment Blockchain Hub, powered by Accelerator Frankfurt, will collaborate with different players in the blockchain ecosystem and academia will be a natural part of the hub. It will provide education in crypto assets and blockchain technology. The target is to create a viable self-sustainable blockchain ecosystem.
Montag, 03.09.2018 by Ram Shoham
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Accelerator Frankfurt launch event, October 2nd

Dear Friends and Colleagues, 

Accelerator Frankfurt is inviting its community to our launch event, which will be held in our new office location at MINDSPACE Frankfurt in the city center. A new batch of Fintech and Cybersecurity startups will be attending, as well as a few blockchain and post-ICO companies. We would like to thank our strategic partners, d-fine next, die firma, and Taylor Wessing and in Israel, atobe entrepreneurship center. For registration to the launch event, click here.

Best regards, 
Maria and Ram
Sonntag, 03.06.2018 by Ram Shoham
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Dear friends and colleagues, 

A few days before the 4th Wave Demo day (June 19) which reflects the work our startup has achieved throughout the Go-to-Market program, we are happy to present our June newsletter edition. Events' demos, meetings and mentoring occurred this month and we would like to share some of the events here. 

We are always happy to get your feedbacks and comments and would like to take this opportunity to thank all those who replied and advised.  
 

Yours,

Maria and Ram
Accelerator Frankfurt
Dienstag, 03.04.2018 by Ram Shoham
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Dear friends,

We are excited to present our April 2018 newsletter and share with you our recent activities as well as the coming events in our ecosystem. 
The past few weeks have been very intense with the launch of the 4th Wave of our Go-to-Market program. Also, we have participated in major global events and hosted workshops and meetups. We look forward to seeing you in our next activities as a growing and developing international startup ecosystem in Frankfurt. 

Save the date: Demo Day June 19th.
 

Yours,
 

Maria and Ram
Accelerator Frankfurt
Dienstag, 30.01.2018 by Maria Pennanen
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(Frankfurt am Main, 21.01.2018) Accelerator Frankfurt successfully completed its third wave. The startups Cogia (Big Data Analytics / Textmining, Germany), Cytegic (Automated Cyber Risk Officer, Israel), Enterpay (Fintech Payments, Finland), INNAAS (Fintech Digital Concierge, Italy), Robosig (FX AlgoTrading, USA) and Spobi (SportTech, Germany) with our wildcard from first wave Fenror7 pitched for a full house of 200 investors and bankers on 17th of January. The startups pitched in front of the distinguished international jury.
Dienstag, 01.08.2017 by Maria Pennanen
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(Frankfurt am Main, 01.08.2017) Accelerator Frankfurt https://acceleratorfrankfurt.com offers a “Go-to-Market Program” for later stage startups in need to accelerate their business development. Accelerator Frankfurt is a private initiative and works in close cooperation with the finance industry and SMEs in Germany.
Sonntag, 16.07.2017 by Maria Pennanen
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(Frankfurt am Main, 16.07.2017) Accelerator Frankfurt successfully completed its second wave. 
The startups Adjesty (Adtech, Israel), Aeroplan (Insurtech, Israel), AsiaFundManagers (Fintech, Germany), EcoKraft (Fintech, Germany), Norma (Cybersecurity, Korea), Smart Mile Solutions (Smart Cities, Netherlands) and Travel to Live (Traveltech, Canada/Sweden) pitched for a full house of 200 investors and interested stakeholders on 13th of July. The acceleration program condenses two years into four months.
Donnerstag, 29.06.2017 by Maria Pennanen
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ACCELERATOR FRANKFURT's second DEMO DAY! Come see our passionate entrepreneurs pitching together with our guests from VABN. We invite investors from Europe to participate!
​​

 
Dienstag, 20.06.2017 by Maria Pennanen
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After working with startups for years and running an accelerator program, I can confirm that the key to success is quite simple. Obviously after you read this article, my ‘secret sauce’ will not be a secret anymore, so why am I writing this? The reason is that what we have built in Accelerator Frankfurt, cannot be built overnight.
Dienstag, 13.06.2017 by Maria Pennanen
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Frankfurt is aiming to win a place as a startups hub in Germany and as a Fintech hub in Europe. Startups are often seen as the disruptors of businesses. The fear is that the use of modern technologies, such as Artificial Intelligence, Machine Learning and Big Data, will make most of the repetitive tasks automated and the people doing them today redundant. On the brighter side the new technologies enable companies find new business models and markets. Big corporates are starting to see the necessity to engage with startups and there are strong reasons why SMEs should do the same.
Mittwoch, 10.05.2017 by Maria Pennanen
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Six weeks ago Accelerator Frankfurt launched its second wave. Eight diverse startups joined us: three German (AsiaFundManagers.com, Travel to Live and EcoKraft), three Israeli (Adjesty, Aero-plan and Kensee), a Korean (Norma) and a Dutch company (Smart Mile Solutions) on board. Fintech is still our focus but being in Frankfurt we have seen the demand for Proptech, Cybersecurity, Machine-learning and Smart-city solutions that serve the corporates and medium size companies. We want to bring people with passion to Frankfurt to help the banks and corporates innovate and find solutions that solve their problems.
Sonntag, 02.04.2017 by Maria Pennanen
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(Frankfurt am Main, 02.04.2017) Accelerator Frankfurt’s second wave of startups began their four-month program on the 27th of March. The startups where presented during our Launch Event at our premises in the TechQuartier in Frankfurt.
Mittwoch, 22.03.2017 by Maria Pennanen
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Representing Frankfurt: Eric Menges, Ram Shoham, Sebastian Schäfer, Gerhard Kebbel, Peter Feldmann, Peter Buxmann, Jochen Biedermann and Uwe Becker. 
Mittwoch, 25.01.2017 by Maria Pennanen
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(Frankfurt am Main, 22.01.2017) Accelerator Frankfurt successfully completed its first program with a demo day on 16.01.2017 at TechQuartier. All the eight startups (Alyne, BeeEye, Cindicis, Fenror7, Pronteo, SchnellSpesen, SecuredTouch and Wroomer) that started the program in September, pitched during the final day of their acceleration program. The startups were in areas of FinTech, RegTech, Cyber Security, Predictive Analytics and FoodTech. During the program the startups matured and developed with good results. One of the Israeli startups has already secured a pilot with a German bank and several are in discussion of starting one. In addition, six of the startups have secured follow-on funding while the others will close their financing rounds in the coming weeks. “We are very happy with the results and also in achieving our KPIs: securing a pilot with a major bank and getting over 70% of our startups funded” says Maria Pennanen, co-founder of Accelerator Frankfurt.
Montag, 16.01.2017 by Maria Pennanen
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16.01.2017 the startups from Accelerator Frankfurt will have their Demo day @TechQuartier. They are joined by startups from our collaboration partners Deutsche Börse Venture Network Fintech Hub, Main Incubator GmbH and VABN (Aurelis real estate GmbH). We have a full house and the registration for the event is closed. However you can join the live streaming via Startupradio starting 15:50 CET.

A big thank you for our sponsors Deutsche Bank,  Main Incubator, VABN, PWC, Taylor Wessing and Accelerator Frankfurt for making this event possible.
Dienstag, 06.12.2016 by Maria Pennanen
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In the startup world we emphasize the importance of teams. Not without a reason; it is what makes or breaks a startup. Success depends on the ability of the team to work together under stressful conditions and still deliver results. Understanding your own and your team’s behavior and blind spots, facilitates finding a solution when a conflict occurs. Diversity is key for good teamwork and the fuel for innovation, however to change and to work in the best possible way requires effort.
Montag, 21.11.2016 by Maria Pennanen
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It’s about a year ago when I wrote my first blog wondering why Frankfurt, the banking centre of Germany, was not the startup hub for Fintech in Germany. In a year many things have materialised that moved the development to the right direction; some of them planned and some unforeseen. The catalyst for the planned events was the call from Minister Tarek Al-Wazir from the Hessen Ministry of Economy and Energy for different parties to present their concepts of how to build the Frankfurt FinTech Centre. The unplanned booster was the unexpected decision of UK to exit the EU, Brexit.
Donnerstag, 22.09.2016 by Maria Pennanen
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(Frankfurt am Main, 22.09.2016) Accelerator Frankfurt’s https://acceleratorfrankfurt.com first wave of startups have started their four month program on the 19th of September. The startups where presented during our Launch Event on Tuesday evening at our office in the Westhafen Tower.
Sonntag, 18.09.2016 by Maria Pennanen
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Accelerator Frankfurt’s https://acceleratorfrankfurt.com first wave of startups will start their four month program on the 19th of September. The first program will take place in an elevated setting at one of Frankfurt’s main skyscrapers Westhafen Tower.
Mittwoch, 29.06.2016 by Maria Pennanen
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Maria Pennanen, Mitbegründerin des Accelerator Frankfurt, spricht im Interview mit altii über den Nutzen von Accelerators für Startups, Investoren und etablierte Unternehmen, die Zukunft Frankfurts als FinTech Hub und den Ansatz des Accelerator Frankfurt.