Our partner Technologiegründerfonds Sachsen (TGFS) announces the exit of SpinLab alumni we-do.ai. The Leipzig based startup, specializing in Conversational AI and developer of speech-based chatbots, has been fully acquired by Immoware24 GmbH from Halle (Saale).

We're delighted to share the news of aidhere, a standout from our 10th SpinLab class, successfully acquired by Reykjavik-based global digital therapeutics provider, Sidekick Health. This strategic move expands Sidekick's offerings into prescription therapeutics and keeps the DiGA app, zanadio, available for prescriptions.

Startup inContalert was part of the 14th SpinLab class.

From July 24 to 28, 2023, HHL DIGITAL SPACE and SpinLab - The HHL Accelerator is joining forces to support diverse startups in their early stages with a tailored program to evolve their business idea. The goal of the "Leipzig Summer School for Diverse Startups" is to empower underrepresented founders, break down barriers to success and create an inclusive startup ecosystem. The program is supported by the City of Leipzig, Sächsische Aufbaubank, EDIH Saxony, Technologiegründerfonds Sachsen, S-Beteiligungen and Germany Trade and Invest.

Central German, as well as international teams, come together in Leipzig to strengthen their entrepreneurial skills. The professional, free program offers participants interactive workshops on important topics such as sales, marketing, and financing, led by experienced mentors, investors, and coaches. The city of Leipzig supports the program as a cooperation partner and will present the "Digital Award," endowed with 2,000 euros, for the second time during the Summer School closing event on July 27 in the new city hall of Leipzig.

Patron Burkhard Jung, Mayor of the City of Leipzig:

"Openness brings progress and development; in this context, openness is not limited to technical or entrepreneurial aspects. Social and intellectual openness are also in demand. That is what the Digital Award  and Summer School for Diverse Startups stands for. This is exactly what we need in our city."

SpinLab and HHL DIGITAL SPACE create an inclusive environment for diverse startups in Saxony

Eric Weber, CEO of SpinLab - The HHL Accelerator, summarizes:

"The Leipzig Summer School for Diverse Startups helps to promote diversity and innovation in the startup scene. The Leipzig startup ecosystem, with its broad network and diverse initiatives, offers valuable support to aspiring founders from all over Europe to successfully implement their ideas in Saxony."

Francie Lange, Incubation Manager of HHL DIGITAL SPACE:

"The Summer School for diverse startups will take place for the third time in 2023. Diversity is in focus with the goal of promoting underrepresented founders and breaking down barriers. It also strengthens the inclusive and entrepreneurial environment in Leipzig. The incubator HHL DIGITAL SPACE and the accelerator SpinLab support the startups in terms of content. In addition, we are very pleased that mayor Burkhard Jung is taking over the patronage of the Summer School."

SpinLab - The HHL Accelerator, one of Europe's leading startup programs, today announced ten of the most promising startups in the fields of energy, health, and smart city. The selected startups have distinguished themselves with their innovative business models and great market potential, and will now be supported by SpinLab through a six-month program. Startups from Poland, France, New Zealand, and Germany are represented. The innovative solutions range from a digital app for food intolerance to tactile, pressure-sensitive skin for robot grippers and digital twins of power grids that are designed to support the energy transition.

Startup Reverion from SpinLab class 14th secured €8.5 million investment from UVC Partners, Green Generation Fund, Extantia Capita (the 2nd big Extantia investment in our alumni this year), Doral Energy-Tech Ventures and Landwärme GmbH.

The German climate tech startup MAGNOTHERM, working on sustainable refrigeration technology, has just closed its seed funding round with an impressive €6.3 million. Funds will be used for the mass production of the world's first sustainable refrigerator, which already has a paying customer base. Extantia Capital led the round, with Hessen Kapital, Lauda Dr. R. WOBSER Beteiligungs-GmbH, and Revent also investing, along with four investors from the Better Ventures Angel Club. They're now planning to expand into the commercial refrigeration market, which is worth $37 billion.

SpinLab - The HHL Accelerator is part of the European initiative "Womenture", which aims to create an international support program for female founders. In cooperation withDesign Terminal(Hungary), Tehnopol(Estonia) and DEX Innovation Center (Czech Republic), a female founders program is being developed.