Resilience Business Cup: Start-ups, large companies and municipalities collaborate for better future
Experts from start-ups, large businesses and the public sector will gather in Vejle to discuss urban challenges of tomorrow. Vejle Municipality will also present real-life challenges that participants will work together to solve.
Resilience Business Cup is a competition and annual conference, held for the first time this year in Vejle from the 25th-26th October 2018. The event will bring together start-ups, large companies, and the 100 Resilient Cities international network to create global impact; impact that can help address some of the most imminent challenges facing the world today.
This year, the theme of the cup competition is Water, Energy and Social Resilience. Municipalities, large businesses, start-ups, and citizens are invited to take part in keynotes from prominent speakers, masterclass, and follow-up discussion.
The event will also include a start-up competition where a number of promising start-ups – handpicked by Valuer.ai – will work side-by-side with large companies and experts from the 100 Resilient Cities network to solve concrete problems set forth by Vejle Municipality.
Startups and major businesses working together
Game-changing innovation happens when businesses, start-ups, and the public sector come together.
Siemens Gamesa, Grundfos, and +impact by Danske Bank have therefore signed up for the cup event. They will work closely with the carefully selected, agile start-ups to solve real-life challenges within Water, Energi, and Social Resilience. The event will host knowledge area experts from organizations such as Vejle Spildevand and Boligforeningen Østerbo, as well as business developers and subject experts from Vejle Municipality, ResilienceLab, The Danish Growth Fund, Connect DK and Insero.
The start-ups will have the opportunity to form a partnership with a large business and Vejle Municipality, allowing them to develop prototypes and test solutions on a large scale.
The cup is initiated by Insero, Valuer.ai, and Vejle Municipality (the only Danish member of the 100 Resilient Cities network).
Resilience Business Cup will be held on 25th-26th October at Spinderihallerne (The Spinning Mill) in Vejle.
For further information contact:
Lene Lawaetz, Head of Innovation, Vejle Municipality, e-mail: firstname.lastname@example.org / mob. +45 51 50 11 57
Flemming Jensen, Senior Director, Energy Innovation, Insero, e-mail: email@example.com / mob. +45 41 78 06 65
Dennis Juul Poulsen, CEO & Co-founder, Valuer.ai, e-mail: firstname.lastname@example.org / mob. +45 51 15 95 12
FACTS: Resilience Business Cup
Resilience Business Cup is an annual competition and conference, held for the first time in Vejle on 25th-26th October 2018. The focus of the two-day event is to match start-ups, businesses and cities from the 100 Resilient Cities network that, working together, can make a difference.
The collaboration between agile start-ups and resource-rich businesses will ensure innovation and the leverage to bring the best ideas to life. The interaction with the public means that companies have concrete challenges to work with and a platform on which to test the solutions on a large scale. The 100 Resilient Cities network will also be able to disseminate the best solutions to its member cities across the globe.
The cup is an official part of the 100 Resilient Cities cooperation and is the first business-oriented approach that also brings start-ups and big businesses together to solve the challenges facing the cities within the network.
During the event, keynote presentations will give stakeholders a better understanding of the challenges and how the collaboration at the event can make a difference. The speakers are Michael Sloth (Technical Director, Vejle Municipality), Fredrik Østbye (VP & Head of Digital Transformation, Grundfos), Klavs Hjort (Senior Vice President, Growth & Impact, Danske Bank), Deanna MacDonald (CEO, Blockchain Labs for Open Collaboration), and Michael Berkowitz (President of 100 Resilient Cities). The event will be moderated by Lasse Chor (Founding Partner, Happy42).
In addition, selected start-ups will work side by side with large companies and subject area experts to solve concrete challenges facing Vejle Municipality. They will then pitch the solutions to the Resilience Business Cup jury.
This year’s themes are Water, Energi, and Social Resilience, and will be supported by companies including Siemens Gamesa, Grundfos, +impact by Danske Bank, Vejle Spildevand, Boligforeningen ØsterBO, as well as business developers and subject matter experts from Insero, ConnectDK, Væktsfonden, ResilienceLab, and Vejle Municipality.
Vejle Municipality is one of the initiators and partners behind the Resilience Business Cup.
Vejle is the only Danish member city of the 100 Resilient Cities network, whose membership also includes large cities such as New York, Cape Town and Buenos Aires.
Lene Lawaetz, Head of Innovation, Vejle Kommune:
“When the selected start-ups come to Vejle, they will be matched with some of the leading companies in their field. It is here where future business ideas and concepts will be strengthened, both for start-ups and businesses. If I was a large business within the greentech sector, I would be keeping a close eye on what’s happening in this field. You might say that this is Vejle’s way of creating a new Silicon Valley,” says Lene Lawaetz, Head of Innovation at Vejle Kommune, one of the project partners.
“There is huge value in giving start-ups access to real challenges facing the cities within the 100 Resilient Cities network, as it can lead to new business areas. The idea is to matchmake start-ups and corporates in order to pool their combined talent and find some good solutions,” says Lene Lawaetz.
“The business angle has really been lacking within the network – the focus has very much been on the major challenges facing cities, for example flooding. The business angle is extremely important, because if you can’t connect business, the project dies when the funds have been used up. It’s about creating sustainable business concepts,” says Lene Lawaetz.
“We are pleased that the network has identified Vejle Municipality as the platform for water innovation. The success of the project depends on strong business partners, so teaming up with Grundfos and a range of international start-ups selected by Grundfos is an obvious choice. We have a great opportunity to work together to find new, implementable solutions,” says Lene Lawaetz.
Start-up Valuer.ai is one of the initiators of the Resilience Business Cup. The young, award-winning company has developed a groundbreaking platform that matches large businesses with startups, which they will use to find the best start-ups for the competition in Vejle.
Daniel Laursen, Co-founder and partner of Valuer:
"We are facing major global challenges, and innovation is what it will take to send us in the right direction. We therefore support the Resilience Business Cup and will use our start-up radar to find the perfect matches for Grundfos and Siemens Gamesa,” says Daniel Laursen.
“The competition is about landing a long-term partnership with an established company – not just a quick chat with a venture capitalist. There are real, concrete challenges to be solved,” says Dennis Poulsen, Valuer.
Insero is one of the companies initiating the Resilience Business Cup. Insero, a development- and consultancy company, is taking the lead in the green transition with sustainable energy solutions.
Flemming Jensen, Senior Director at Insero:
“One of our most important tasks is to develop and implement new energy-based technology solutions to the challenges threatening the future of the planet.”
“The 100 Resilient Cities network means an awful lot for start-ups and businesses in this respect. When you talk about resilience, it’s about collaboration. Knowing which challenges are facing the cities from the outset means being able to validate market demand early in the process – rather than developing the technology first and then trying to find a need,” says Flemming Jensen from Insero.
“We are aware of the difficulties of matchmaking start-ups with corporates, so the cup makes a lot of sense. Valuer finds the start-ups and matches them with the right businesses, while we have the knowledge and expertise to get the partnership off the ground,” says Flemming Jensen.
Grundfos is a global manufacturer of pumps. With over 19,000 employees around the world, Grundfos produces more than 16 million pumps per year.
As a participant and corporate sponsor of the Resilience Business Cup, Grundfos is focusing on impact and digital transformation. In the start-up competition, it will work within the water theme.
Fredrik Østbye, VP & Digital Transformation, Grundfos:
“We are working to develop from a company that sells pumps and water technology around the world, to one that also focuses on digital services and how we can make an impact using our technology,” says Fredrik Østbye, VP & Digital Transformation, Grundfos.
“We are really focusing on the newest technologies and look forward to meeting start-ups that are working with them. We want to see how we can implement these technologies to help the challenges that Vejle is facing with wastewater management,” says Fredrik Østbye.
+IMPACT by DANSKE BANK:
+impact is a matchmaking platform for connecting start-ups with sparring partners who can help to solve their concrete challenges. +impact focuses specifically on businesses that address one or more of the UN’s Global Goals for Sustainable Development and that have the potential for significant growth, also in a business-related context.
In addition to the +impact platform, Danske Bank has also previously launched a range of other entrepreneurship initiatives aimed at helping entrepreneurs grow, including +impact Accelerator, NHack, The Hub, and Growth.
Klavs Hjort, Senior Vice President, Growth & Impact, Danske Bank:
“Our work with +impact has shown that focusing on the ecosystem around entrepreneurs provides value for everyone involved. The linking of entrepreneurs, municipalities, and companies via the Resilience Business Cup is therefore really exciting and something that we’re happy to support,” says Klavs Hjort.
“It requires a sustainable business to create a sustainable impact on society. We can see from our experiences with +impact that it’s difficult for impact start-ups to turn their ideas into reality and scale their businesses,” says Klavs Hjort.