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Welcome to our October 2023 wrap-up with vital news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.
This time we wrap up October 2023 in our 400th episode!
Our Highlights:
BioNTech is a very special case in Germany, but now one of their former Senior Vice Presidents (Katalin Karikó, has been awarded the Nobel Prize in Medicine 2023 for her research in mRNA). Two German companies IPOed (yes, no startups, but still a good sign). Solar startup Nexwafe starts 120 M € funding, Black Semiconductor from Aachen is looking to raise 500 M €, and there is bad news about the former unicorn Infarm.
Let's talk startups:
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This recording is supported by HTAI and the Enterprise Europe Network Hessen
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Top News
Former Employee of BioNTech Receives as 13th Women Nobel Prize in Medicine
BioNTech is a very special case in the German startup world. During corona, they have been assumed to be responsible for 0.5% of GDP growth of all of Germany, one of the five largest economies in the world. Now they have another very unique distinction: A former Senior Vice President (2013–2022) of the company Katalin Karikó, has been awarded the Nobel Prize in Medicine 2023 for her research in mRNA. Congratulations to her, being the 13th woman to have won a Nobel prize in medicine, she is sharing the prize with Drew Weissman.
Solar Startup Hunting for 100+ M € in Funding at 500 M Valuation
Freiburg, Germany-based solar startup Nexwafe starts new funding, aiming for 120 m € in Venture Capital at a valuation of up to 500 M €
Black Semiconductor 500 M € in Funding
Aachen, Germany-based chip startup Black Semiconductor about to close large funding of 500 M €, with up to 70% of government funding. The founders are looking to develop a new way to connect elements on semiconductors but may need up to 7 years for the technology to become viable on an industrial scale.
Bad News for former Unicorn Infarm
According to a blog post by Gründerszene, the German credit bureau Creditreform does score Infarm as "ausgefallen" (meaning defaulted). Local entities in the UK and Netherlands have filed for insolvency.
Find all links and show notes here: https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-startups-october-2023-startuprad-io-e-400-08d0c5322756
This Month in German, Swiss, and Austrian Startups - October 2023 | Startuprad.io E 400