ADVANCED MATERIALS COMPETITION
26.09.17 - 06.10.17
A place to be for Advanced Materials startups
They are all young, convinced of their purpose and want to conquer the world with their novel products and technologies. Aaike from the Netherlands presents a completely new process for the production of electronics based on nanoparticles. Sofia from Colombia is into 3-D printing with high performance materials. She wants to set up a global network in order to produce medical devices, like cranial implants, quickly and reliably on site. Bruno from Portugal is a recognized expert from Forbes on the miraculous material graphene (and also shows in his presentation the magnificent view of the Mediterranean landscape that he enjoys from his laboratory.) Battist and Adrian from Berlin have developed innovative silver sintering pastes to save energy and costs in the production of electronic components, which then can be used to increase the travel distance of electric cars.
Start-ups from all over the world were invited to Berlin to join the Advanced Materials Competition 2017 (AdMaCom) – a carefully crafted program for high-tech start-ups to accelerate their businesses, connect with potential partners, find first corporate clients and simply make relevant and meaningful connections. During their time in Berlin, the start-ups got feedback from over 50 mentors and experts on business and finance as well as business strategy. Yet according to the start-ups the major benefit of the program was the diversity and motivation of all participating partners.
The two-week program was fully packed with events, such as workshops, mentoring sessions and training. The most impactful activity was the 1:1 mentoring sessions between start-ups and industry specialists who were selected individually for each start-up based on their current development stage and needs.
Other activities included business model workshops, term-sheet showdown: a role play where start-ups got to learn how to negotiate a deal with a potential investor. During the investor's day, representatives of various investment funds presented themselves and explained who they tend to invest in and why. At the pitch training sessions, the start-ups not only worked on the content of their presentations but also learned presentation skills, how to talk and move on the stage and tricks how to deal with stress before presenting.
Participation in the AdMaCom was free for the start-ups and no equity was taken. Besides the generous awards given at the Demo Day, INAM reimbursed the travel costs for each team up to €500 and also took care of accommodation in Berlin.
The AdMaCom program finalized with a demo day at the Microsoft location in Berlin, where all participants had a chance to pitch in front of the jury and investors to compete for the prizes worth €15,000.