Accelerator Frankfurt Newsletter (October 2018)

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

Accelerator Frankfurt Newsletter – October 2018

Latest News
Accelerator Frankfurt Launches New Wave

Proud to announce our next wave at Accelerator Frankfurt GmbH in our lovely new office space Mindspace.me. From Sweden we have Covr Security AB, a user-centric mobile security management platform; Investsuite from Belgium a B2B roboadvisor and a next-generation online investment platform; and from Finland Bankify Ltd a white-label digital banking services for the young segments. Are the banks still hungry for such innovations? Hell yes, and they’re all making fast progress towards pilots.

Maria presented at HELTECH – Helsinki’s meeting point for Tech enthusiasts 

At HELTECH in Helsinki Maria Pennanen took part on a panel discussion with Mikko Alasaarela on blockchain today, moderated by Egzon Delija. The topics varied from how blockchain will affect the banking industry to how regulation will affect the development of the blockchain industry. In response to a question “will blockchain substitute the current currencies and banks?” Maria quoted Bill Gates’  “we will need banking, not banks”. We just need something we can store value. Mikko commented: “If you have a job in a bank, start looking for a new job.”

What is the state of #blockchain@PennanenMaria: the reality is catching up with a hippy teenager but this is a good thing because scarce resources bring real products to the #market #futureofblockchain #newtech #InternetofValue

AI beyond the hype
by Maria Pennanen

ECB hosted an IT Forum staff event which focused on Artificial Intelligence (AI) and the potential implications of new technologies using #AI. Some two hundred Artificial Intelligence (AI) enthusiasts from national banks and ECB staff attended the conference in Frankfurt. The move from theory to practice was moderated by Ram Shoham the founder of Accelerator Frankfurt, the leading Fintech focused accelerator in Frankfurt. Two startups from Accelerator Frankfurt’s portfolio companies, INNAAS a Fintech and The designerAI a Fashiontech, showed how they implement AI.

Easy access to structured information was demonstrated by Simone di Somma the founder of INNAAS. He validated this by showing the usual pain points companies have dealt with big data sets. INNAAS enables personal proactive feed of data with help of AI. Still today, dashboards are developed to showcase information that databases contain but very few people ever use them. The more user-friendly solution is the use of NLP (natural language progressing) with SQL queries to help users quickly access the information they are looking for. For banks and other corporations with large data sets, INNAAS solution has been a blessing.

The designersAI’s vision is to create standardized data sets of images to enable fashion creation more efficiently without taking out creativity from the equation. A machine can see as well as a human but it is unable to interpret and perceive what it sees. A machine can only compare and identify the information it has been trained with. The fact that fashion is visual and very emotional, makes it difficult to systemise. The challenges for computer vision are the complexity of the human body, cross domain image matching and recognition. Additionally, one needs to be able to read cues from social media on what people prefer to wear. All this and more is where AI can be implemented to help make sense of it all. The most popular use cases for computer vision include similar product recommendation, ensemble recommendations, diverse styling options, search by image and fast-fashion trend analysis. The designerAI brings this added value to designers and retailers.

It always seems impossible until it is done -Nelson Mandela

To conclude, there are many positive use cases of AI in the fields of autonomous driving, medication, research and personalised data feeds. However, it can also be used to manipulate behaviour, to keep us in an information bubble and in the worst case to produce destructive weapons. The only way to influence it is to be part of it.

We want to thank ECB for inviting us to be a central part of this great event. Thank you!

Recent Updates & Events
Hypermotion, 20.-22.11.2018

This is where the future of mobility and logistics is made – together with you.
Experience an inspiring mix of an interactive fair, exciting conferences and the Hypermotion-Lab as an arena for start-ups, future innovators and established entrepreneurs.
Special offer for startups
Register now for startup pitches, co-working space and speed networking. Hypermotion is the ideal platform to show your concepts and to get in contact with companies and investors. More here

BLOCKCHAIN BUDAPEST | 8-9 NOVEMBER | Bálna, Budapest, HUNGARY

web: www.blockchainbudapest.com

The brightest minds of blockchain industry with Nick Szabo as keynote speaker, and of course, the representatives of most promising stablecoins (Augmint, Circle, Havven…).

 

Don’t miss Hong Kong Fintech Week
Come with us: October 29 – November 2, Hong Kong – ShenzhenHong Kong FinTech Week is the world’s first cross-border financial technology event, taking place in Hong Kong, Asia’s financial capital, and in Shenzhen, China’s Silicon Valley. It’s one of the largest conferences on the calendar, attracting more than 8000 senior executives and featuring over 200 of the world’s top FinTech founders, investors, regulators, and academics, who are shaping the future of financial services by driving a technological revolution in the industry across Asia and globally.
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/01/02_warmup_212_startseite-e1520418434602.jpg
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/10/Screen-Shot-2018-10-24-at-16.29.22.png
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, 12.09.2018 by Ishay Tenster
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/09/Ishayarticle.jpeg
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/09/Screen-Shot-2018-09-03-at-15.02.29.png
(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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/01/02_warmup_212_startseite-e1520418434602.jpg
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
Dienstag, 03.07.2018 by Ram Shoham
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/03/w04_01_startups_049_home-e1520418267474.jpg
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
Sonntag, 03.06.2018 by Ram Shoham
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/01/02_warmup_212_startseite-e1520418434602.jpg
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/03/w04_01_startups_049_home-e1520418267474.jpg
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/01/acc_1801_group_startups_3-2.jpg
(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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2017/08/gotomarket-open-for-application-1.png
(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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2017/07/demodaysuccess2.png
(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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2017/06/Screen-Shot-2017-06-29-at-12.23.11.png
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2017/06/Screen-Shot-2017-06-19-at-09.50.09.png
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2017/06/Screen-Shot-2017-06-30-at-00.33.05.png
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2017/05/AF-second-wave-hor2.png
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2017/04/wave-2-group-picture.jpg
(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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2017/03/Telaviv-fintech-summit-March-2017.jpg
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2017/01/Screen-Shot-2017-01-26-at-04.01.42.png
(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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/08/Screen-Shot-2017-01-15-at-12.15.21.png
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/08/team-article.png
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/08/Screen-Shot-2016-11-21-at-22.48.17.png
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/08/Screen-Shot-2016-09-22-at-09.10.19.png
(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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/08/office-AF3.jpg
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
https://www.acceleratorfrankfurt.com/wp-content/uploads/2018/08/Maria-.png
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.