Erasmus Enterprise Announces Finalists of the Erasmus University Challenge 2024

Rotterdam, 12th September 2024 – Erasmus Enterprise proudly announces the 14 visionary start-ups and student initiatives that have made it to the finals of the prestigious Erasmus University Challenge. These finalists represent the future of innovation, showcasing bold ideas that are set to reshape industries, drive positive societal impact, and solve global challenges.

The third edition of the Erasmus University Challenge competition provides a platform for students to transform their ideas into viable business models. From streamlining emergency response times to creating eco-friendly baby clothing subscriptions, these projects aren’t just ideas; they’re blueprints for a better future.

Prizes Worth Up To €10.000,-

To help the winners make the next steps in their journey, finalists can win prizes in three categories: Ideation (€3,000 prize), Prototype (€5,000 prize), and Start-up (€10,000 prize). Aside from the monetary prizes, finalists of the Erasmus University Challenge can win the audience award (€1000,-), co-working spaces, a year of free beers or wines or sodas. They gain access to expert mentorship, personalised coaching, and valuable networking opportunities with industry leaders and investors. They also receive visibility within the entrepreneurial community and potential partnerships to help accelerate the growth and positive impact of their ventures. Additionally, winners benefit from access to Erasmus Enterprise’s innovation ecosystem, offering resources to further develop or scale their businesses.

The initiative is a testament to Erasmus University’s commitment to fostering entrepreneurial talent and driving positive change in society. “The programme mirrors the real startup and scale-up world closely. Even if some ideas don’t make it to the finals, participants gain invaluable lessons along the way. We’re proud to kickstart their entrepreneurial journey.” said Liesje Goldschmidt of Erasmus Enterprise.

Introducing The Finalists

After a rigorous selection process, 14 exceptional teams have been chosen to compete in the Erasmus University Challenge finals.

In the Ideation category, participants focus on the conceptual development of innovative ideas that have the potential to solve real-world problems. The Prototype category is for teams that have moved beyond the idea phase and developed a working model or proof of concept for their solution. In the Start-up category, participants are scaling or refining their ventures with established business models and real-world market potential.

In the Ideation category, Samaritance, FitFlask, Agora, and SafeSips bring forward creative and visionary concepts.

The Prototype category features advanced solutions from Edion, Fiwani, Aestuarium, Emilaid, MiniSwaps, and PAVA, all focusing on turning ideas into tangible products.
Finally, the Start-up category showcases the impressive growth of CupHub, Buzz – Power Bank Sharing, Modelmatic, and Hops & Co., each demonstrating real-world market potential. These teams represent the future of innovation, with projects spanning technology, health, sustainability, and societal impact.

Bryan Van Rij from Agora said: “It’s an inspiring day where we combine theory and practical insights. I’m also very happy and excited to be one of the finalists.” These finalists have demonstrated outstanding potential in addressing contemporary challenges across various sectors, including health and wellness, sustainability, technology, and social entrepreneurship.

Among the finalists, CupHub has been selected to represent Erasmus University at the prestigious Stage TWO competition in Berlin, an international start-up event that brings together Europe’s top university spin-offs. Having advanced from the Prototype category to the Start-up category, CupHub’s rapid growth and success reflect its strong potential in the sustainable packaging industry.

Join Us at the Grand Finale!

Find out who the next Dennis Bergkamp and Frank de Boer will be in the Grand Finale of the Erasmus University Challenge, which will take place on 19th September 2024, at the Excelsior Stadium, Rotterdam.

This thrilling event offers you a front-row seat to witness the next generation of innovators, network with industry leaders, and support solutions that will shape our world. Secure your spot and experience the future of entrepreneurship. For more details on the event and to secure your spot, please visit Erasmus University Challenge Grand Finale.

About Erasmus University Challenge

The Erasmus University Challenge is a platform that encourages students to develop their entrepreneurial skills and turn their innovative ideas into real-world solutions. It connects ambitious students with business experts, enabling them to create startups that contribute positively to society. The Challenge reflects Erasmus Enterprise’s dedication to fostering a culture of innovation and positive societal impact.

For further information, please contact:

Amy Kong
Marketing & Communications Lead
amy.kong@eur.nl

Founders’ Friday: Hops&Co.

Located in the heart of the Woudestein Campus, Erasmus Enterprise connects the entrepreneurial community with aspiring students eager to make a significant impact. With passion and dedication, we foster innovative ideas, expand networks, and provide financial advice and support.

In this week’s Founders’ Friday series, we shine the spotlight on an innovative student-led  startup that has received the Startup Voucher, a financial support product offered by Erasmus Enterprise. Their dedication to entrepreneurship and sustainability shines through their participation in the Erasmus University Challenge, a competition for startups at all stages. As one of the finalist teams, they stand out for their innovative approach. Join us as we explore their entrepreneurial journey and uncover how they aim to revolutionize the beer industry

From waste to resource, from problem to solution! Innovating with purpose, inspiring with action! Where brewing ends, innovation begins!

Hops&Co.

Overview and Mission

Hops & Co. is on a mission to make the beer brewing industry more sustainable. They achieve this by upcycling the byproducts of beer brewing into highly nutritious, sustainable flour. After collecting the spent grain from their partner breweries, they dry and mill it to produce flour. This flour is then distributed to their customers, which include local cafés, bakeries, and restaurants that use it to create a variety of goods. By doing so, Hops & Co. contributes to a circular economy, reduces waste, and helps local businesses adopt sustainable practices at an affordable price—offering their flour at a price comparable to conventional options.

Moritz Jäger and Luis Koenigs are the co-founders and team leaders of Hops & Co. Both are 20-year-old International Business students from Germany, currently expanding their team with plans to have 7-8 members by the end of September.

Initially, Moritz and Luis were part of an innovation team within Enactus, a student association at Erasmus University that serves as a startup incubator. In late 2023, along with a few former team members, they founded Hops & Co., inspired by the vast potential for upcycling spent grain, a highly nutritious byproduct. Rotterdam’s network of microbreweries, cafés, and restaurants further fueled their mission.

Through conversations with brewery representatives, Moritz and Luis discovered that waste management is often an expensive, time-consuming task that harms the environment, especially when spent grains are transported over long distances or disposed of. Even when not wasted, these byproducts are typically sent to farms for animal feed. On the customer side, they found that many local businesses want to adopt sustainable products but are often deterred by the high costs—sustainable alternatives are typically three to four times more expensive than conventional products. This is where Hops & Co. saw an opportunity: to upcycle byproducts into highly nutritious flour and offer local facilities an affordable, sustainable alternative.

To turn their vision into reality, Hops & Co. needed financial support. They quickly identified Erasmus Enterprise’s Startup Voucher as a potential funding source and decided to apply for the €2,500 voucher. During the application process, they were closely guided by Erasmus Enterprise representatives, who provided invaluable support. The team was required to outline their business model, evaluate their competitive advantage, and present a detailed plan for the voucher’s use. Shortly after submitting all necessary documents, they were thrilled to learn that they had been granted the voucher.

This achievement marks a crucial turning point for Hops & Co. Not only do Moritz and Luis feel proud and validated in their work, but they now have the means to turn Hops & Co. into a fully operational venture. The voucher will enable them to purchase professional equipment, rent a production facility, and generate their first sales.

They learned that if you are confident in an idea and truly believe in it, even when it’s still in the theoretical stage, you should share it with others. Once you dare to do so, representing your idea to potential stakeholders becomes much easier, and convincing others of your concept follows naturally. Hops & Co. took that leap of faith and have been substantially rewarded.

Insights for Aspiring Entrepreneurs

Know the customers, not just your product

Understanding customers is key to growing a business. Identify their pain points, unmet needs, and create solutions around them. If you focus on solving a real problem, there will always be customers. The best business ideas aren’t necessarily new inventions—they simply address a clear unmet need.

Networking and Relationships

Surround yourself with mentors, fellow entrepreneurs, and customers who can provide valuable feedback and support as you pursue your mission.

Get comfortable with uncertainty

There will always be things you can’t predict. Embrace uncertainty and move forward with calculated risks, rather than trying to control every aspect.

Reflecting on Journey

Not every decision Hops & Co. made turned out as planned. However, each choice was crucial for learning important skills and developing aspects of the venture that are essential today. For example, when they first experimented with brewing spent grain, they started by making granola bars. While they have since shifted their focus entirely to flour, the lessons learned from those early experiments were invaluable.

Want to be the next one featured?

Want to showcase your startup to a global audience? We are dedicated to highlighting the journeys of entrepreneurs and sharing their stories with our worldwide community. By featuring your startup, we aim to inspire others and celebrate your achievements. To be considered, simply fill out the form, and our team will reach out to you!

Entrepreneurial Vibes at Eurekaweek 2024: A Recap of Erasmus Enterprise at the Campus Day and Master Workshop

This year’s Eurekaweek at Erasmus University Rotterdam was nothing short of spectacular, and Erasmus Enterprise was thrilled to play an active role in welcoming new students to our vibrant campus and entrepreneurial community. From August 19th to 22nd, first-year students—ranging from bachelor to pre-master and master students—immersed themselves in the university’s rich academic and social life, and we were there to ensure they also caught the entrepreneurial spirit!

Campus Day: Fun, Networking, and Entrepreneurial Exploration

On August 20th, during Campus Day, the Woudestein Campus buzzed with excitement as hundreds of students eagerly explored its vibrant grounds. Erasmus Enterprise was right at the heart of the action, offering a lively mix of activities designed to engage and inspire future entrepreneurs.

Our goal shooting game was a highlight, drawing in crowds eager to showcase their skills and compete for prizes. The game wasn’t just about fun, though—it was a gateway to conversations about ambition, goals, and the entrepreneurial mindset. Many students walked away with prizes, and even more left with newfound enthusiasm for the entrepreneurial journey.

In addition to the games, our booth—shared with partners from YES!Delft, Erasmus Centre for Entrepreneurship Students, Graduate Entrepreneur, Erasmus University Challenge and Port of Rotterdam—served as a hub for information and inspiration. Students stopped by to learn about the vast array of resources and opportunities available to them through Erasmus Enterprise and our partners. From mentorship to incubation programs, we highlighted how students could turn their ideas into reality.

The day also featured our popular wheel of fortune, where students could win more exciting prizes. But perhaps the biggest takeaway for many was the chance to network and relax in our designated area, making new connections and feeling welcomed into the Erasmus entrepreneurial community.

Master Workshop: Deep Dives and Meaningful Connections

On August 21st, we shifted gears to focus on students entering their Master’s programs. Our Master Workshop, held at the Q Lounge on campus, offered a deep dive into the world of entrepreneurship. The workshops were designed to equip master’s students with the tools and connections they need to thrive in their entrepreneurial endeavors.

The workshop sessions were packed with insights from industry partners like the Port of Rotterdam, Up!Rotterdam, YES!Delft, Graduate Entrepreneur and the Erasmus University Challenge. Participants had the opportunity to engage and speed date in two interactive workshops, where they learned about the entrepreneurial ecosystem and how to leverage the resources available through Erasmus Enterprise and our partners.

After the workshops, the atmosphere was charged with excitement during the networking drinks session. The speed-dating sessions allowed students to make meaningful connections that could be pivotal in their future journeys.

Looking Ahead

Eurekaweek 2024 was just the beginning. Erasmus Enterprise is committed to supporting the entrepreneurial ambitions of every student at Erasmus University. Whether you’re still exploring ideas or ready to launch your startup, we’re here to guide you every step of the way.

For those who joined us during Eurekaweek, we hope you left with inspiration, connections, and a sense of excitement for the journey ahead. For those who couldn’t make it, stay tuned for more events and opportunities to engage with Erasmus Enterprise throughout the year.

Here’s to an entrepreneurial year ahead—let’s make it unforgettable!

#Eurekaweek2024 #ErasmusEnterprise #Entrepreneurship #ErasmusUniversity #CampusDay #MasterWorkshop

Founders’ Friday: Discovering the Impact of I SEE U Baby Care

This year, Erasmus Enterprise proudly hosted the inaugural NL Startup Competition in collaboration with MT/Sprout, Upstream Festival, and Golden Egg Check. This groundbreaking event marked the first national pitching competition in the Netherlands exclusively for startups. From a pool of 109 applicants, only 16 teams advanced to the finals. Among them, Chanel Sam stood out as a remarkable innovator, winning the Digital Category with her startup, I SEE U Baby Care. To celebrate her impact and innovation, we sat down with Chanel to discuss her entrepreneurial journey and glean valuable insights for aspiring entrepreneurs. Join us as Chanel shares more about I SEE U Baby Care, her path to success, and her advice for those looking to make their mark in the startup world.

Mission and Goals of I SEE U Baby Care

At I SEE U Baby Care, our mission is simple yet profound: reduce the major sleep deprivation for babies in the neonatal intensive care unit (NICU). Sleep in preterm infants is challenging to recognize, often displaying active behavior that adults don’t associate with rest. Our advanced video recognition software accurately detects sleep, functioning as a decision-support system. This technology will make neonatal sleep measurable and actionable, providing healthcare professionals with a user-friendly tool to enhance infant care.

From Neuroscience to Entrepreneurship: The Genesis of I SEE U Baby Care

My entrepreneurial journey began in the realm of research. With a background in Neuroscience and Cognition, my internship with the sleep team at Wilhelmina Children’s Hospital introduced me to the intricate world of sleep in premature babies. Witnessing the potential impact of our research, I was inspired to bridge the gap between science and everyday life. After finishing my master’s curriculum, I followed an additional six months (minor) of science business courses. This made me feel as ready as I could be, to launch I SEE U Baby Care and transform this amazing research into a tangible startup.

Valuable Insights for Aspiring Entrepreneurs

One principle that guides me is the understanding ‘even the people who are high up the hierarchical ladder, big in the news or have big titles to their names, are still people’. Who knew?! Starting a conversation with genuine passion and a clear plan to make an impact can resonate deeply with anyone. If you believe someone and/or their network can aid your growth, don’t hesitate to reach out. Embrace your authenticity and seize the opportunity.

Journey: Lessons and Perspectives

Throughout my journey, many have questioned the stability of life with a startup, sometimes suggesting alternatives like pursuing a PhD. While the fear of uncertainty is understandable and common, it’s crucial to recognize that this very uncertainty often hinders research from reaching its full potential in real-world applications. I’m grateful that I didn’t let these doubts deter me.

Strategies for Entrepreneurial Success

In the early stages of I SEE U Baby Care, I made it a point to engage with as many entrepreneurial individuals as possible. Each conversation added to my to-do list (in a good way) but, more importantly, helped shape my understanding of what a startup entails. These interactions were instrumental in building my confidence and positioning my startup for success.

Navigating Challenges and Maintaining Resilience

To stay on track, I rely on two key strategies: talking to experienced individuals and maintaining a structured approach. I developed multiple roadmap covering every aspect of the startup, from product development to team building. Clear goals pave the way for multiple pathways to success. This means that my goals are clear, and I believe whenever the goal is clear, there will be a 100 ways that can bring you there. One of them: talking to many people is a very smart way to gain a lot of information fast and the personal contacts you make in the process makes the journey doubly rewarding.

If you find the story of I SEE U Baby Care inspiring and are interested in joining Chanel’s mission, she is actively seeking co-founders in tech and health economics. Connect with her and work together to make a difference!

Want to be the next one featured?

Want to showcase your startup to a global audience? We are dedicated to highlighting the journeys of entrepreneurs and sharing their stories with our worldwide community. By featuring your startup, we aim to inspire others and celebrate your achievements. To be considered, simply fill out the form, and our team will reach out to you!

Founders’ Friday: Celebrating Marta Imeneo and PLAYFOOL

Because we want to celebrate innovation and brilliant startups within our ecosystem, today, on the Founders’ Friday edition, Erasmus Enterprise proudly presents Marta Imeneo, a visionary entrepreneur behind the innovative PLAYFOOL application. Selected as a recipient of the Startup Voucher, Marta exemplifies the spirit of innovation and determination driving the entrepreneurial landscape. She was also one of the winners of last year’s Erasmus University Challenge. Join us as we interview Marta and learn more about her entrepreneurial journey.

Meet PLAYFOOL

PLAYFOOL is an app designed to distract you from unhealthy cravings, helping to reduce consumption and encourage mindfulness. Our goal is to raise awareness about alcohol and cigarette use and combat the peer pressure often associated with these habits

Marta's Journey with the Startup Voucher

Having previously worked as an ambassador and promoter, Marta was well-acquainted with the competition and its benefits. When the opportunity for the startup voucher arose, she seized it immediately.

“The startup voucher was an unexpected bonus,” Marta shares. “It allowed me to shift my focus to developing our predictive algorithm right away. This new version of PLAYFOOL can now predict the times of day and week when users are most likely to crave alcohol or cigarettes and send notifications to help them stay mindful. This development came much sooner thanks to the voucher. It arrived at the perfect time, and I was able to complete the application quickly, knowing exactly how it would benefit our startup.”

Insights for Aspiring Entrepreneurs

Investment StrategyMarta observes that many entrepreneurs gauge their success based on investment funds. “While securing investments is crucial for growth, it’s equally important to be strategic about it. Sometimes, bootstrapping is the best approach if you have the necessary resources at the moment.”

Business Model Considerations: Reflecting on her journey, Marta emphasizes the importance of thoroughly considering the business model. “Early on, we quickly decided whether PLAYFOOL would be B2B or B2C without exploring all our options. This led us to miss some great market-fit opportunities. I advise spending ample time discussing every aspect of your business model with your team and keeping an open mind even after settling on a strategy. Remember, pivoting is always an option.”

Overcoming Adversity: Marta highlights product validation as a significant challenge. “Entrepreneurs must be prepared to set aside their egos and listen to their audience and market feedback. You might believe in your product, but your target group needs to believe in it too.”

Want to Be Featured Next?

Unlock your entrepreneurial potential with the Startup Voucher—an exclusive opportunity open to all ambitious young minds ready to ignite their business dreams. Don’t miss your chance to seize this invaluable resource and embark on your journey towards success!

Want to be the next one featured?

Unlock your entrepreneurial potential with the Startup Voucher – an exclusive opportunity open to all ambitious young minds ready to ignite their business dreams. Don’t miss your chance to seize this invaluable resource and embark on your journey towards success!

Apply for the Startup Voucher

Skyrocket your venture now by applying now for funding!

Founders’ Friday- The NL Startup Competition Winner, Nadia Fani

This year, Erasmus Enterprise proudly hosted the first NL Startup Competition in collaboration with MT/Sprout, Upstream Festival, and Golden Egg Check. This event marked the first national pitching competition in the Netherlands dedicated to startups. Out of 109 applicants, only 16 teams advanced to the finals. Coastruction participated in the Circular/Sustainable category, and we are excited to learn more about their startup as we sit down with Nadia Fani, the Founder of Coastruction. Our mission is to empower emerging startups by sharing the stories of successful ones. Join us to read more about Nadia’s advice and journey.

Coastruction Overview and Mission

Coastruction develops 3D-printing technology to produce purpose-built reefs. Their mission is to restore marine ecosystems and protect coastlines worldwide. They achieve this by increasing local biodiversity, enhancing environmental quality, and promoting sustainability through this nature-based solution. Their goals include increasing or restoring biodiversity underwater, coastal protection, fostering community engagement, using sustainable materials, advancing reef technology, and partnering with various stakeholders to expand our impact.

Nadia’s journey as an entrepreneur began with a deep passion for 3D printing technology and a desire to tackle the pressing issues of biodiversity loss and coastal erosion. Witnessing the detrimental effects of climate change on marine ecosystems motivated her to explore using 3D printing as one of the solutions to these problems. The potential of 3D-printing technology to create sustainable and effective reef structures was a major catalyst that prompted her to start Coastruction.

Insights for Aspiring Entrepreneurs

Nadia advises aspiring entrepreneurs to stay passionate and purpose-driven, as your passion for your mission will drive you through challenges and inspire others to join your cause. She emphasizes the importance of embracing innovation by continuously seeking out and adopting new technologies and methods that can improve your product or service. Building a strong network is crucial; collaborating with like-minded individuals and organizations can provide invaluable support and expertise. Learning from failures is essential; each setback is an opportunity to learn and grow, so don’t be discouraged by failures—use them to refine your approach.

Reflecting on her journey, Nadia would place a greater emphasis on believing in her own capabilities. Confidence in oneself is key to overcoming the inevitable challenges faced by entrepreneurs.

Nadia highlights several strategies that have been instrumental in her success. Community engagement has been crucial, involving local communities and stakeholders in projects to ensure success and sustainability. Focusing on sustainability by prioritizing sustainable materials and methods has set a strong foundation for Coastruction’s mission and brand identity. Building strong partnerships with educational institutions, environmental organizations, and industry leaders has been instrumental in advancing Coastruction’s projects.

Navigating Challenges

To navigate challenges and setbacks, Nadia relies on adaptability, being flexible and open to changing approaches when necessary to overcome obstacles and find new solutions. She emphasizes the importance of having a strong team, as a dedicated and passionate team provides strength and diverse perspectives to tackle problems collectively. Continuous learning is also key; staying informed about the latest developments in technology, environmental science, and business practices keeps Coastruction ahead of the curve. Maintaining a clear vision and goals ensures the team stays motivated and focused, even during tough times. Regularly revisiting and reaffirming goals helps maintain momentum and direction.

Want to be the next one featured?

 Want to showcase your startup to a global audience? We are dedicated to highlighting the journeys of entrepreneurs and sharing their stories with our worldwide community. By featuring your startup, we aim to inspire others and celebrate your achievements. To be considered, simply fill out the form, and our team will reach out to you!

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SAFE- Richard Wibbels’ Entrepreneurial Journey

At Erasmus Enterprise, our mission is to elevate entrepreneurship to new heights. In our “Founders’ Friday” series, we empower both aspiring and established entrepreneurs to drive innovation and achieve their goals. This week, we’re excited to feature an RSM alumni, Richard Wibbels, the founder of SAFE. Join us as we delve into Richard’s entrepreneurial journey and uncover his valuable insights and advice.

Safe Mission and Overview

At SAFE, our mission is to promote electronic music culture. In Düsseldorf, where our team is based, we feel the scene is not as prominent as it could be; clubs are closing, and the city doesn’t fully reflect its rich cultural heritage. In cities where I’ve lived before, like Rotterdam or Berlin, the scene is much more vibrant. We want to change that here.

Our goal is to become a brand in the electronic music space and at the same time have a social impact with what we do. At SAFE, we provide DJs and electronic music artists with a new ‘safe’ place—a new home—where they can perform. We record their sets and upload them online. What started last year as a YouTube channel is slowly becoming something bigger, as we are now also starting to co-organize events and step by step working towards our goals.

"In all beginnings dwells a magic force" -Hermann Hesse

This quote by Hermann Hesse perfectly encapsulates my passion for entrepreneurship. My journey began in the dynamic startup world of Berlin, where I gained my first entrepreneurial experience. Since then, I’ve worked for several startups, driven by the thrill of fast-paced environments brimming with opportunities to learn, innovate, and connect with inspiring, driven individuals. My studies at RSM were essential in preparing me to apply to and succeed in these startups.

The biggest drivers of innovation for me are technological advancements and collaboration. The rapid development of artificial intelligence, for example, offers numerous new opportunities, many of them at low cost. Additionally, collaboration and teamwork enable us to harness knowledge and networks that remain inaccessible when working alone.

Advice

Gain early practical experience by working for associations and organizations such as Erasmus Enterprise, Erasmus Centre for Entrepreneurship, or Turing Students Rotterdam. These organizations, which were either not present or not as prominent when I was a student, offer great opportunities for growth. Through these experiences, you will learn what you excel at and what you find challenging, as well as what you enjoy and what you don’t. This self-awareness is invaluable for shaping your future career path.

The entrepreneurial path is a two sided coin.

Working at a startup has many advantages. If you want to gain generalist, entrepreneurial work experience, consider roles such as Founder’s Associate, Chief of Staff, or Entrepreneur in Residence. These strategic positions provide a comprehensive overview of all entrepreneurial processes within startups. Startups, if successful, can develop rapidly, so once you get your foot in the door, you may quickly have the opportunity to grow into other roles.

However, the entrepreneurial journey is also risky—many ventures fail. It’s wise to always have a Plan B or an alternative strategy, or to pursue your entrepreneurial projects on the side while maintaining other commitments.

Navigating Challenges

I generally view every failure as a learning experience. To maintain momentum, I keep myself constantly engaged. Currently, I am involved in several projects simultaneously, which keeps me busy and energized. By simply “doing”—ticking things off your to-do list rather than resting—you can generate energy and momentum for the next activity. I envision this process like a self-charging electric car: activity leads to more activity. Just try not to stop moving.

Want to be the next one featured?

Want to showcase your startup to the world and reach a broader audience? We are passionate about highlighting the journeys of entrepreneurs and sharing their stories with a global community. By featuring your startup, we aim to inspire others and celebrate your achievements. If you’d like to be featured, simply fill out the form, and our team will get in touch with you!

 

Want to know more about SAFE or want to get in contact with them? Click here to visit their website!

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Revealed: The 2024 NL Startup Competition Winners

Rotterdam, 30.05.2024: Out of 109 applicants, 16 startups pitched their innovative ideas this Wednesday at the first edition of the NL Startup Competition during the UPSTREAM Festival at Annabel in Rotterdam. Competing in front of an expert jury, the startups showcased their projects in four impact-focused categories: social, energy transition, digital, and circular/sustainable.

Most Innovative Social Startups

The Most Innovative Social Startups recognizes startups making significant contributions to social impact. The winners in this category receive:

1. A €10,000 cash prize to support their continued development and growth: ChatLicense

2. A 1-hour media training session with MT/Sprout to enhance their communication and public relations skills: PAL

3. A 3-month co-working space provided by Erasmus Enterprise, fostering collaboration and innovation within a vibrant entrepreneurial community: Subul & TeachBuddy.

Most Innovative Energy Transition Winner

The Most Innovative Energy Transition Startups category recognizes startups that are driving the shift towards sustainable energy solutions:

1. A €10,000 cash prize to help fuel further innovation and development in their energy transition projects: FLASC B.V.

2. A 1-hour media training session provided by MT/Sprout, aimed at honing their communication skills and enhancing their media presence: Avoxt

3. A unique opportunity to race with Max in an electric Porsche on the circuit in Zandvoort, courtesy of VolkerWessels, providing a thrilling experience and networking opportunity: Tree Composites

4. A 3-month co-working space at BlueCity, fostering collaboration and innovation within a community dedicated to sustainability and circular economy principles: iON-ENERGY.

Most Innovative Digital Startups:

The Most Innovative Digital Startups category honors those startups that are pushing the
boundaries of technology and digital innovation. Winners in this category receive a robust
support package designed to enhance their growth and visibility:

1. A €10,000 cash prize to accelerate their technological advancements and business development: I see U baby care

2. A 1-hour media training session by MT/Sprout, aimed at refining their public speaking and media interaction skills to better promote their innovations: Spatialise

3. An exhilarating opportunity to race with Max in an electric Porsche on the circuit in Zandvoort, provided by VolkerWessels. This unique experience not only offers excitement but also a chance to network with key industry figures: Syntho & TwinAi.

Most Innovative Circular/Sustainable Startups:

The Most Innovative Circular/Sustainable Startups category recognizes startups that are leading the way in sustainability and circular economy practices. Winners in this category receive a comprehensive prize package designed to support their growth and enhance their impact:

1. A €10,000 cash prize to further develop their sustainable initiatives and expand their market presence: Kumasi Drinks

2. A 1-hour media training session by MT/Sprout, equipping them with the skills to effectively communicate their vision and engage with media outlets: Nature’s Principles

3. The prestigious V.O. Patents & Trademarks ‘Innovation Award,’ which includes a patent search valued at €2,500 to protect and advance their innovative solutions: Coastruction

4. An exciting opportunity to race with Max in an electric Porsche on the Zandvoort circuit, courtesy of VolkerWessels. This unique experience not only offers thrill but also provides a valuable networking opportunity: Back to Batteries. 

On top of the category prizes, the judges awarded ChatLicense with an entry ticket to the Top 250 Bootcamp for the Entrepreneurship World Cup. This exclusive ticket offers unparalleled opportunities for mentorship, networking, and furthering their entrepreneurial journey on a global stage. “We’re super excited to go to the Startup World Cup, because this is a global stage and ChatLicense deserves a global stage, because it offers a solution to a global problem” says Marjolein van Tilburg, co-founder of ChatLicense.

A message from the judges:

"The value of this event is to really get to know new ideas, new people and a lot of energy. I really believe that we will stay in touch for a long time and see how we can work together."
Dewi Wesselman
Project Manager ESG & Digital at Damen.

About NL Startup Competition

The first NL Startup Competition is a joint initiative organized by Upstream, MT/Sprout, Golden Egg Check, and Erasmus Enterprise. This initiative is supported by esteemed partners such as the Port of Rotterdam, the Municipality of Rotterdam, V.O. Patents & Trademarks, Rabobank, Damen, VolkerWessels, Econsulate, and HelloPrint.

These organizations have come together to foster innovation and entrepreneurship, and to provide a platform for startups to showcase their impactful solutions in various sectors.

Social Category Finalists

PAL

PAL (Amie Technologies BV is a digital palliative care platform for timely and efficient access to care for anyone with a life-limiting illness. Pal is a palliative care platform fuelled by family observations that empowers the whole care team. It is a scalable, accessible, and affordable alternative to in-person care, which can be introduced at the earliest point in the patient journey. 

Subul is an impactful global tech talent solution, where cutting-edge technology and a sophisticated platform take center stage. Our mission combines the dynamism of ethical outsourcing and out staffing with the power of advanced tech to unlock the potential of disadvantaged communities, aiming for both business growth and societal transformation. 

TeachBuddy is a peer-tutoring software, that helps schools create large-scale projects in which their students support each other through tutoring. The software matches the right pupils from the same school together, plans when they meet, tracks their progress, and keeps teachers informed. 

ChatLicense offers a smartphone diploma and experience game for kids, where kids earn the use of apps while engaging parents through the parent platform. 

Digital Category Finalists

Syntho is an AI generated synthetic data by generating an entirely new dataset of fresh data records. Therefore information to identify real individuals is simply not present in a synthetic dataset which allows you to share your data without privacy concerns. 

Twin AI provides a low-code AI platform that automates repetitive tasks and integrates various AI models seamlessly. Our solution enables organizations to set up workflows once, automate prompts, and iteratively improve results without the need for continuous coding, making AI adoption more accessible and efficient. 

Spatialise is enabling the regeneration of soils through geospatial intelligence by helping farmers make better use of their assets (stable, machines & land) while decreasing pressure on natural resources for people, planet and prosperity. 

I See U baby care

Our AI software will help uncover and decrease sleep deprivation in hospitalized (pre)term baby’s, leading to better (brain) development, faster growth and fewer infections; altogether we strive for better changes at a healthy future. For more information contact: iseeyoubabycare@gmail.com

Energy Transition Finalists

Avoxt BV offers a membrane less electrolyzer that has ultra-low maintenance, high up time and high efficiency, therefore reducing the cost of green hydrogen with 25%. 

FLASC HPES (Hydro-Pneumatic Energy Storage) offers the first solution tailored for colocation with offshore wind. With the co-located FLASC HPES system, offshore wind farms can become an active provider of grid flexibility when using energy storage. Recent studies show that this can add 10-20% more value to the wind farm output by improving the way it is monetized. For more information visit this website

iON-ENERGY utilizes its patented energy harvesting technology to produce clean electricity for domestic use, 24/7/ 365. The home device called the E-Box will revolutionize the way households can obtain the best energy solution for the best price. The E-box will provide 5,000 kWh per year, which is more than most household use per year. It is portable, does not require installation, and is more affordable than the alternative solar panels. 

Developing composite joints to enable better, lighter and cheaper jacket foundations for offshore wind turbines. 

Circular/Sustainable Finalists

The energy transition causes a material transition with a few local sources and vulnerable supply chains.Back to Battery offers a closed-loop circular solution for end-of-life Li ion batteries, producing critical raw materials locally and sustainable, reducing CO2 by >90% and minimizing waste. 

Building a sustainable future with nature-inspired and purpose-built 3D-printed reefs for marine life restoration, conservation and coastal protection. By leveraging unique powder bed technology, Coastruction creates sustainable substrates that blend seamlessly into the natural environment, addressing the urgent threats facing marine ecosystems. Our multifunctional solution not only restores damaged reef systems but also protects vulnerable coastlines and boosts local economies. 

We fight food waste and income waste by upcycling cacao fruit into appealing fast moving consumer products. We revolutionize the cacao industry, uplift farmers, and create delicious products, first within the beverages category and now across others. We do this by pioneering the vertical integration of cacao fruit as a new ingredient for a wide range of consumer products and expanding on the innovations of upcycling more parts of the pods (husk). 

We offer a ground-breaking process for lactic acid production to make biopolymers from residual streams. Production of lactic acid and derivatives from 2G feedstocks in a cost-effective operation. 

For Media Inquiries: ​

Erasmus Enterprise
Johanna Raats
Marketing & Communications Lead
Johanna.Raats@eur.nl

Students Gain Unique Opportunity to Connect with 45+ IndustryExperts at Erasmus University Speed Date Event

Rotterdam, Netherlands May 28th: Last week’s Speed Date Event at Erasmus University College, centrally located in the heart of Rotterdam, marked a significant milestone in the ongoing Erasmus University Challenge. Held on Day Zero of the Upstream Festival, the event was a remarkable success, fostering innovation and collaboration between entrepreneurial teams and industry experts. 

The event featured an impressive line-up with 53 teams and 45 coaches from various industries, including logistics, education, energy transition, and more. With over 150 speed dates taking place throughout the day, the atmosphere was buzzing with enthusiasm and innovative ideas.

Matthew Harvey, Managing Director of Erasmus University College, opened the event withthe historical significance of the building and reminding participants that “Life is not a sprint.It’s a marathon!” Followingly, Oscar van Veen, Director of Innovation at Port of Rotterdam,captivated the audience with his compelling journey from an aspiring basketball player to a lifelong entrepreneur, emphasizing that innovation is a collaborative process and that skill scan transfer seamlessly between the startup and corporate environments. Throughout the event, partners provided invaluable feedback, shedding light on market needs, validation, strategic alignment, and potential challenges. “It’s fantastic to see so many teams well-prepared with insightful questions for us partners” as noted by Jits Brouwer from ErasmusX.

The synergy between the diverse teams and seasoned experts was evident, highlighting the importance of exchanging innovation with industry leaders from diverse backgrounds. Such interactions are essential for sustainable growth, the success in the entrepreneurial landscape and refining the participating teams’ business strategies.

Want to know more?

Want to know more about the 3rd Edition of the Erasmus University Challenge and all theparticipants? Visit our website: erasmusuniversitychallenge.nl and follow us on social media (@Erasmus_University_Challenge). For questions, reach out to laulinda.massunda@soapbox.nl or info@erasmusuniversitychallenge.nl.

The Erasmus University Challenge is initiated by Erasmus Enterprise and organized annually in collaboration with Soapbox. 

Combining growth and impact: The Top 250- 2024 lead the way in the Dutch economy

Top 250 highlights the 250 most innovative and fastestgrowing companies in the Netherlands, giving insights into the current state of the Dutch economy. The Top 250 Insights Report of 2024 reveals key trends and shares insights on this outstanding group of companies. The main development of this year is the rise of companies that combine high growth with making a positive societal impact, capturing opportunities where societal transitions come into play.

This year, Top 250 welcomes a lot of ‘firsts’:

The group welcomes 131 newcomers. 93 companies from last year have retained their place in the group, compared to 69 companies a year before. This is a positive sign as it demonstrates that more companies are successfully maintaining their high-growth trajectories, despite the challenges that scaling up presents, even for the most talented entrepreneurs. Moreover, 26 companies that were in the Top 250 before but did not make it last year have rejoined the group.

The high-growth landscape is shifting towards more mature companies. This year’s cohort features the oldest companies yet, with an average company age of 16.4 years. This continues the trend of an increasing average age, which rose from 11 years in 2022 to 13.4 years in 2023. As prof. dr. Justin Jansen, co-founder and Senior Fellow of Erasmus Centre for Entrepreneurship and Professor at Rotterdam School of Management, points out:

“In order to persist high growth, firms should make sure to scale by not just prioritizing growth over efficiency but also making sure that revenues grow faster than costs involved. Although this may not be possible in the early stages of high growth, it is a necessary transition that high-growth firms need to accomplish.”

North Brabant enters top 3 of the country’s economic powerhouses, after North and South Holland. For the first time, North-Brabant surpasses Utrecht, with 30 firms versus Utrecht’s 22. North-Holland remains the leading province with 104 high-growth firms, although this is a decline from last year’s 114. South Holland secures second place again, increasing from 35 to 51 firms. Our findings suggest that the heart of the Dutch entrepreneurial ecosystem may keep shifting, and there might be more surprising changes in the top 3 in the coming years.

This year, 78 of the Top 250 companies (32.5%) have at least one woman founder or C-level manager. More women in leadership is a positive shift, but the gender gap still remains significant.

For the first time, the Top 250 includes three NGOs and seven B Corps, which proves how scaling is not exclusive to a more traditional for-profit context. The focus on sustainability is evident, with seven companies out of 250 being certified B Corps and almost half of the companies indicated to be actively working on achieving the United Nations’ SustainableDevelopment Goals (SDGs).Top 250 celebrates the most remarkable growth stories of the Dutch fast-growing companies and their leaders. It also serves as a call to action to the whole ecosystem. In the words of Leonardo Fuligni, Deputy Director of ECE: “We hope this report serves as an inspiration and a valuable resource for all entrepreneurs, policymakers, and ecosystem developers. Together, we can continue to foster a thriving environment for high growth in the Netherlands.”

Top 250 Event

On November 5, 2024, Erasmus Centre for Entrepreneurship organizes an exclusive Top 250 event. Conducting this research for eight years in a row, this year ECE brings Top 250 to their home city of Rotterdam. Fuligni explains: “This 2024 edition feels particularly special, as we are bringing the Top 250 back to our home base Rotterdam – a powerhouse for entrepreneurial initiative and action.” The winners in the categories Golden Scaler, Impact Scaler, Young Scaler and Woman-led Scaler will be handed their award by previous year’s winners: Sonja Meijerink of Valcon SEE (Golden Scaler and Woman-led Scaler 2023), Crisp (Young Scaler 2023), and NX Filtration (Impact Scaler 2023).

About Top 250

Top 250 is an annual research conducted by Erasmus Centre for Entrepreneurship on the fastest-growing companies in the Netherlands. The companies are selected based on weighting of absolute (in number) and relative growth (in percentage) of FTEs between 2020 and 2023, using the OECD (2016) definition of a HighGrowth Firm (HGF) and the typology of growth developed by the European Scaleup Institute. This research and the event are supported by nlgroeit, Municipality of Rotterdam, Dealroom, HelloPrint, and Upstream Festival.

About Erasmus Centre for Entrepreneurship

Erasmus Centre for Entrepreneurship (ECE) is a leading international centre for entrepreneurship education and research. Guided by their core values – Entrepreneurial, Collaborative and Excellence – the center drives innovation through high-quality research and education, locally and globally. Through collaborating with entrepreneurs, academia, education, government, and industry partners, ECE actively shapes the future of entrepreneurship and drives positive, sustainable societal and economic change.

 For enquiries, contact Erasmus Centre for Entrepreneurship’s Marketing and Communication team at communication@ece.nl.

Download the Top 250 2024 Insights Report

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