Call for participation to the EY Start-up Academy 2018 *

  • EY, Deutsche Börse and TechQuartier support FinTech and technology companies through the “EY Start-up Academy” program
  • Last year, a Frankfurt start-up secured itself an almost seven-digit early-stage investment
  • Applications can be submitted between 11 June and 5 August at https://start-up-initiative.ey.com/academy/how-far-can-you-go

Frankfurt a.M., 29.05.2018 –  The EY Start-up Academy of EY, Deutsche Börse and TechQuartier is going into the next round to find Germany’s best FinTech and technology start-ups. Applications can be submitted between the 11th June and 5th of August on the https://start-up-initiative.ey.com/academy/how-far-can-you-go website. 

What is the EY Start-up Academy? 

The EY Start-up Academy is an annual initiative that was launched in 2017 with the aim of supporting new tech and FinTech companies. Last year, a successful financing round was secured by the Frankfurt start-up node.energy at the end of the program: the founders secured themselves growth capital amounting to an almost seven-digit figure. 

The EY Start-up Academy program 

During the eight-weeks challenge (26 September to 22 November), the newcomers will meet numerous mentors from EY, banks and other companies as well as FinTech experts, start-up supporters, investors and financing partners. In more than 30 workshops and training sessions, founders will receive detailed information on topics including business planning and management, financing and subsidies, corporate and tax law, supervision and IT. 

German start-up ecosystem gaining in significance

“The German start-up scene is becoming increasingly important,” explains Christopher Schmitz, EY Partner and curator of the initiative. “The EY Start-up Academy creates a platform for networked collaboration between players from the worlds of academia, politics and business.”

According to the annual EY Start-up Barometer, start-ups in Germany were able to win risk capital of EUR 4.3b last year. EUR 541m alone went to investments focusing on finance technology. “Germany is seeing the highest level of investment in start-ups in Europe, second only to the UK,” says Christopher Schmitz. “We would like set-up a climate in which new ideas can be created and founders can be motivated to develop their business models,” adds Eric Leupold from Deutsche Börse.

The EY Start-up Academy can already credit tangible success to its name: besides the seed financing won by node.energy, contacts to some 40 investors were set up last year. “The EY Start-up Academy makes a valuable contribution to creating attractive conditions for start-ups in Frankfurt. We are proud to be supporting the initiative in TechQuartier once again this year,” concludes Sebastian Schäfer from TechQuartier Frankfurt.

Studies show that bureaucratic hurdles and tax issues put off many start-ups in Germany. This year’s EY Start-up Academy is therefore focusing also on this area, with the availability of risk capital set to be a topic of special focus.

Comments from previous participants

“We definitely benefited from the knowledge shared through the EY Start-up Academy. It was also exciting to see how due diligence reviews and actual financing rounds were explored in just a few weeks” (Sascha Donner, Co-Founder, Evana)

“In the course of the EY Start-up Academy we were able to network with very valuable new contacts and significantly improve both our business planning and our investor pitch” (Tilo Kraus, Co-Founder, Co-Founder, CreditLinks)

“In December last year, we managed to acquire growth capital via High-Tech-Gründerfonds and Business Angels FrankfurtRheinMain. The contact was established through the EY Start-up Academy” (Matthias Karger, Founder, node.energy)

About the EY Financial Services Practice

EY is an international leader in assurance, tax, transaction and advisory services. More than 35,000 employees worldwide work in the EY Financial Services Practice – primarily in the wealth & asset management, banking & capital markets, and insurance sectors.

Contact
Kerstin Gauf (EY)
Media Relations and Communications
Financial Services Germany E: kerstin.gauf@de.ey.com
T: +49 6196 996 24798
Patrick Racky (R-Communications)
E: p.racky@r-communications.de
T: +49 (0) 0176 20574125