The Univations Investforum Pitch-Day 2017 took place recently in Halle at the ERDGAS Sportpark, with the attendance of 26 start-ups who successfully pitched their business models to 70 investors.
In the past, start-ups were able to convince venture capital funds and business angels to invest sums ranging from 100.000 to 5 Million Euro into their business ideas. Now, however, for entrepreneurs who look for start-up capital the market can be rather competitive, for there are a lot more creative ideas and and investors have to spend a lot more time to assess success factors before they put money into new opportunities. Investforum Pitch-Day 2017 was marked as one of the platforms where competitive minds and investors with questions are brought together for an exiting marathon.
The event mainly focuses on companies that are still in the seed or early start-up phase – a typical period where innovative companies in Germany have problems to raise capital. As such, Investforum has become one of the main matching events for innovative start-ups in the new German States during the past years.
Daniel Worch, CEO of Univations, and as such responsible for the event, took the chance to present the Erasmus+ project Embedding Entrepreneurship Education to the participating guests. Due to the presence of high-quality start-ups, the event naturally has not only attracted investors, but also start-up coaches as well as trainers involved in entrepreneurial education from all over Germany – target group of the intellectual resources developed within EEE.