BayStartUP GmbH: change in the “military technology” sector – New investors and startups are in the start-blocks
When it comes to startups in the sector, Christoph Rommel, head of industrial cooperation at BayStartUP GmbH, explains. “For a long time, openly addressing the topic of the military and military technology has been, let’s say, “quite a difficult topic” for startups and the startup ecosystem in Bavaria. Startups have more or less avoided addressing openly this “dual-use” market. the products being rather less welcome”, adds, “The situation has changed significantly today, in connection with the Ukrainian conflict. Although startups focused on the military sector are still quite rare, we can already see some spin-offs in this area, for example ARX Landsysteme. A change is also evident on the investor side. Some institutional investors are already investing specifically in these sectors, but the first business angels are also showing a willingness to invest in startups in these areas. For example, the former startup Quantum Systems from Gilching, which manufactures electric drones currently also used in the war in Ukraine, was able to close another large financing round in 2022. The investors involved were also openly communicated.
HAS Enforce Tac 2023, BayStartUp GmbH will be represented in a dual role: Christoph Rommel will not only host the startup pitches in the demo area, but he will also present the different possibilities for cooperation between industry and startups.