These startups were funded by IFB in May 2024
May 2024 was a particularly eventful month for IFB Innovationsstarter GmbH. The funding institution welcomed seven new startups to its programmes: Participayed, Bridge&Tunnel, VIVO Carbon, amsight, kuyua, streamvisor and elea.
Participayed
A financial startup with a social streak - that doesn't have to be a contradiction in terms, as Participayed proves. This fintech offers a digital means of payment for people in need of care who would otherwise not be able to make cashless payments and shop online. Founder Christoph Roling and other team members gained their first startup experience with Ruuky, a neobank for young people that did not have the desired success. The new start with Participayed is going well so far: the team recently won twice at the Startup Champs 2024 and has now been accepted into the InnoFinTech programme.
Bridge&Tunnel
Bridge&Tunnel is a good example of how the InnoImpact programme, which was launched in autumn 2023, is closing a funding gap. For several years now, the startup from Hamburg-Wilhelmsburg has been ensuring that women with a migration background, who would otherwise have little chance on the labour market, find meaningful employment. Bridge&Tunnel manufactures clothing and textile accessories from old clothes, thereby doing its bit to minimise the waste of valuable raw materials. An additional business model is the repair of goods with manufacturing defects for companies.
VIVO Carbon
Another new member of InnoImpact is VIVO Carbon. The team of this non-profit organisation plants trees together with farmers, thereby sequestering CO2, increasing biodiversity and helping agriculture to adapt to climate change. The realisation of these agroforestry projects is made possible by donations from companies, organisations, foundations and individuals. Later on, revenue from the sale of CO2 certificates and wood is also planned, which will be reinvested in climate projects.
amsight
The startup amsight, which is funded by the InnoFounder programme, is a spin-off of the Fraunhofer Research Institution for Additive Production Technologies IAPT in Hamburg-Bergedorf. Founded in 2023, the company has set itself the goal of making 3D printing as reliable and cost-efficient as conventional manufacturing with the help of data-supported insights. The software, which works with artificial intelligence (AI), automates data management, identifies optimal production parameters and uncovers unknown cost-saving potential.
kuyua
An EU directive on sustainability reporting, which comes into force in 2024, obliges companies to account for their consumption of nature and the impact of their business activities on biodiversity, flora and fauna, soil, water and air. The startup kuyua has developed an AI-based solution for this that goes beyond documentation and risk analysis, it also recommends specific measures. kuyua - the name refers to a Hawaiian children's song about the beauty of nature - has also gained a place in the InnoFounder programme.
streamvisor
Apache Pulsar is an open source platform for distributed messaging and streaming that was developed for the cloud. The platform offers many advantages and is used by numerous companies, but also requires a lot of work due to its complex structure. The startup streamvisor, which is funded by the InnoRampUp programme, has now developed tools that significantly simplify the use of Pulsar. Installation in existing systems should only take five minutes.
elea
elea uses artificial intelligence to automate the workflows of healthcare providers and improve medical care. The startup's software provides real-time data and decision support on all key aspects of clinical care, from admission to diagnosis, treatment and discharge. The InnoRampUp-supported team combines experts from the fields of IT and medicine, a factor that certainly contributed to the decision in favour of funding.
