AI-RISE: The Accelerator for Growing AI Startups from Baden-Württemberg

On 01.04. the time had finally come. After a long application process, the seven selected AI startups of the first AI RISE Programms came together in Mannheim. The kickoff event gave the teams the opportunity to get to know each other, present their business model and was at the same time the start for the next 9 weeks on the way to the grand finale on 03.06.2022.

The program

The program is divided into three main topics, which are equally relevant for the further scaling of the startups: Sales, Funding and Operations & Strategy.

Weekly intensive trainings are the basis of the program. In short individual trainings, domain experts not only answer individual questions, but also reflect on the teams’ greatest challenges. The additional speed-dating formats offer the teams direct access to investors and customers in the “safe environment of the program”.

Both formats have one primary goal: to deliver maximum value in just a short amount of time. “In this phase, there is one goal above all for the startups: growth. The key is to make the best use of resources and not waste time on topics that do not deliver direct added value,” adds the AI Garage team.

Throughout the program, each team also has access to international mentors who provide added value on strategic issues. Key account managers:in help the teams with challenges and other issues.

Link to the program overview

Here we give you a short overview of the seven teams from Baden-Württemberg. As KIT Gründerschmiede, we are pleased that three teams from our own local network are also included.

Synthavo (Stuttgart):

Builds a cost-efficient visual spare parts search for mechanical engineering.

Forecasty.ai (Mannheim):

Builds AI-based predictive models for better business decisions.

Bytefabrik.ai (Karlsruhe):

Transforms live machine data into value-added data-driven applications.

Istari.ai (Mannheim):

Analyzes and automates business data in real time for better decisions.

Medicalvalues (Karlsruhe):

Develops AI-based methods for medical diagnostics.

Codefy (Heidelberg):

Builds AI models for efficient review of tenders, contracts and other complex documents.

Ventecon Technologies (Karlsruhe):

Finds and prioritizes market-related events for better decision-making by product managers.

Any questions?

If you have any further questions about the program, please contact Patrick from our network

More about the KI-Garage

The AI Garage is a program of the Baden-Württemberg Foundation, which is jointly implemented by partners from Karlsruhe (KIT & KIT Innovation gGmbH), Heidelberg (Heidelberg Technology Park & Heidelberg University) and Mannheim (Mannheim University). With the goal of building a sustainable AI ecosystem in Baden-Württemberg and promoting AI ideas entrepreneurially, the AI Garage aims to bridge the gap between first-class research and subsequent entrepreneurial activity in Baden-Württemberg in the long term. With AI-specific events, the team provides access to exciting future topics. Through funding programs and coaching, teams are supported on their entrepreneurial path.

More about the AI Garage: www.ki-garage.de