Hamburg’s start-up scene gained yet another pitch event Monday (June 18, 2018) when the founders’ “flirt” premiered in the Chamber of Commerce. Doreen Hotze, Deputy Managing Director of the Chamber of Commerce and head of the local founding centre, opened the events and broke the ice for the audience, start-ups and investors.
Basis rules: passion, courage, discipline, know-how and respect
Ralf Dümmel, a juror on VOX TV’s The Lion’s Den (DHDL) was guest of honour at the event. Dümmel is also managing partner of DS Produkte GmbH in Stapelfeld and senses a good business idea intuitively. In opening remarks, he noted: “I have a heart for founders. That’s why I invest mainly in people not numbers.” Then he outlined five basic rules for starting and developing a business: passion, courage, discipline, know-how and respect. “If you are really passionate about something, do not give up,” Dümmel urged, adding: “Never lose respect! The greatest capital that every founder has is motivated employees. Take them on the journey.”
Three-minute pitches to investors
Later events took place under the theme 3 × 3 × 3 meaning start-ups had three-minute speed pitches, three minutes to answer investors’ questions and three minutes to reply to queries from the audience. Christian Weber, Managing Director of HC Hagemann and Anan Pinitvetchagan, head of the venture capitalist 20 Scoops, judged eight finalists who took to the stage in the investor’s lounge. A total of 50 young Hamburg companies had applied for the speed pitch.
Four winning start-ups
The founders’ business ideas ranged from natural dog food (Tales & Tails) to AI-based software for professional image processing (Axx Organic) and organic tampons (Mylily). Four start-ups won over investors. Weber opted for Reos, a kind of “digital property management” and Luxs, a B2B platform that allows international manufacturers to access the Chinese market. Pinitvetchagan chose Ovy, an app that measures a woman’s temperature to determine the female cycle while Dümmel chose Lipstock – a start-up offering a shelf for make-up products. Although the jurors’ choices do not guarantee an investment, it is a good first step. Founders will have an opportunity to outline their projects in greater detail at a later date.
Developed by Hamburg Startups and the Chamber of Commerce, the second round of this new event gets underway in autumn 2018. Then the next season of “The Lion’s Den” will air on VOX TV. Several Hamburg-based start-ups have already appeared on the show.