Startups aiming to scale in the strongest economy in Europe are invited to apply now to join the all new InsurTech Hub Munich Innovation Programme
The InsurTech Hub Munich (ITHM) Innovation Programme – hosted at WERK1, the most startup-friendly place in Munich – is launching into its’ fifth year: Applications are taken from now on until mid December 2019. There’s well-established accelerator programme has these exciting new features: Startups will have more time (13 weeks) to scale their ideas and put them to the test with the aid of more than 150 experienced mentors and coaches, originating from both the insurance industry and the international entrepreneuring scene. Lately ITHM has extended its network to include more investors and cross-industry partners like Microsoft or NTT DATA – which will add significant momentum to business development.
“We’re aiming high,” explains ITHM Director of Programs and Strategy Ben Shaw and points to the motto of the 2020 programme called “Moving Mountains.” “Last year we already amassed more than 160 applications for the then ten places in our programme, for the upcoming batch we want to at least double that figure”, he says and refers to the changes in the concept: At first up to 40 startups will be admitted to join the programme. During the first weeks a core group of ten founding teams will be identified and led to pitch at Demo Day mid May 2020. “What differentiates us from other well-known accelerators, is that though we provide a world class curriculum and offer plenty of perks and benefits, the programme remains equity-free”, Shaw says.
The focus of the non-for-profit InsurTech Hub Munich Innovation Programme lies on cross-industry applications and AI and Machine Learning driven innovations. “If we could wish for any idea to enter our acceleration process it would be one that doesn’t bring to mind insurance in the first place – because basically every aspect of life is related to covering risks and letting people thrive”. Both B2B and B2C solutions are welcome.
Text: Markus Walter