7 July 2016:
52 startup finalists from 11 countries will present their digital business models at the CODE_n new.New Festival in Germany in September
Startups from the UK include: TaxFree4U, Everledger, Kantox, Quantum Base and Bodle Technologies made it into the finals
Early bird festival tickets now available
CODE_n Award ceremony on the evening of September 21
385 applications have been carefully scrutinized over the last few weeks. The most innovative of these startups have now made it into the finals: 52 emerging companies from 11 countries are in the running for the CODE_n Award and its €30,000 cash prize.
“Our startup finalists are an impressive reminder of how we can face the digital challenges of the 21st century,” states Ulrich Dietz, initiator of CODE_n and CEO of GFT Technologies SE. “From Israel to Germany and over to the U.S., these young businesses represent an exciting spectrum of digital solutions in the four contest clusters Applied FinTech, Connected Mobility, HealthTech, and Photonics 4.0.” The founders will travel to Germany to present their businesses throughout the CODE_n new.New Festival at the Center for Art and Media Karlsruhe (ZKM) from September 20-22, 2016. The startups TaxFree4U (Bank4You), Everledger and Kantox from London as well as Quantum Base located in Lancaster and Bodle Technologies based in Oxford have made it into the finals. The jury will crown the winner at the Award Show which will be held on the evening of September 21. It pays to be ahead of the game: early bird tickets have now gone on sale for festival goers.
The finalists include 32 startups from Germany and five startups from the UK, including one from Oxford University. There are three companies on the roster from the U.S., and Austria, respectively. Two startups are in the running from Switzerland as well as Spain, while Denmark, the Netherlands, Israel, Italy, and Turkey will be represented by one startup each. “There is enormous demand for intelligent, digital technologies and this is currently opening up excellent opportunities in key industries. Startups must tap into forecasted growth in order to sustainably scale their businesses. The new.New Festival offers them a platform and this can quickly become an accelerator,” states Frank Riemensperger, Country Managing Director of this year’s CODE_n partner Accenture Germany. The patron model is bringing established companies and startups even closer together this year: GFT is sponsoring the Applied FinTech cluster, Hewlett Packard Enterprise is supporting Connected Mobility, and TRUMPF is backing Photonics 4.0. One look at the startup finalists reveals exciting business models:
In the Applied FinTech cluster, the startups are focused primarily on P2P payments, non-banking solutions, and Blockchain. “Change is the new normal – even in the world of finance. Most people are slightly reserved with new financial technologies, but they need to become more open-minded. At the new.New Festival, people can get an understanding of what these technologies are all about. Together with the featured startups, we are making digital banking tangible and driving digital advancement in the financial industry,” states Dietz.
There is even a spotlight on lending practices and investment banking. From special analytics solutions for banks to the smart butler for accounting, there is plenty of variety on offer. Moreover, a foreign exchange (FX) management solution automates international transactions and related payments while minimising the risks associated with foreign currencies. Visitors to the new.New Festival can try out the technologies at the stand and get to know the financial experts personally.
Overview by country of 2016 applicants (based on location of HQ): Austria (3), Denmark (1), Germany (32), Great Britain (5), Israel (1), Italy (1), Netherlands (1), Spain (2), Switzerland (2), Turkey (1), USA (3) For more detailed information, please visit our website: www.code-n.org/contest. If you are interested in attending the festival, you can find out more by going to www.newnewfestival.com, where you can also subscribe to our newsletter. For a quick overview of the festival, see our event presentation.
Press contact: Anja Ebert Press Spokeswoman GFT Innovations GmbH | CODE_n Schelmenwasenstraße 34, 70567 Stuttgart Tel.: +49 711 62042-108 E-Mail: firstname.lastname@example.org
About CODE_n: Initiated by GFT Technologies SE in 2011, CODE_n is a global innovation platform for digital pioneers and leading companies. Featuring elements such as CONTEST, EVENTS, CONNECT and SPACES, CODE_n offers an ecosystem which networks companies and innovative personalities as well as supporting the development of new, digital business models. CODE_n stands for “Code of the New,” the DNA of innovation. The community drives digital advancement with new ways of thinking and the pursuit of bold ideas. www.code-n.org
Exhibition Date: This year’s CODE_n final takes place at the Centre for Art and Media in Karlsruhe, Germany, from 20-22 September 2016