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Outstanding success for young companies

PHYSEC GmbH has been awarded the main prize of the largest and most renowned business plan competition in the German digital economy as ‘Digital Start-up 2018’.

At the CeBIT in Hano­ver, PHYSEC GmbH was awar­ded the “Digi­tal Start-up 2018” pri­ze by the Federal Minis­try of Eco­no­mics and Ener­gy (BMWi) as part of the nati­onwi­de com­pe­ti­ti­on. The pri­ze was awar­ded for the first time and was aimed at young com­pa­nies that have been par­ti­cu­lar­ly suc­cess­ful in imple­men­ting their foun­ding ide­as. The pri­ze-win­ners recei­ved their awards during the “Start-up Talk: Digi­tal Inno­va­tions” con­gress by Tho­mas Jar­zom­bek, the Ger­man government’s coor­di­na­tor for aero­space.

PHYSEC convinces with security for the Internet of Things

PHYSEC could con­vin­ce with the solu­ti­on IoTree, the tech­no­lo­gy for secu­re and user-fri­end­ly encryp­ti­on of com­mu­ni­ca­ti­on bet­ween net­wor­ked devices in the Inter­net of Things. IoTree uses infor­ma­ti­on from the com­mon envi­ron­ment of two devices so that encryp­ti­on can­not be recon­struc­ted after­wards by poten­ti­al exter­nal atta­ckers.

More infor­ma­ti­on about IoTree and pos­si­ble app­li­ca­ti­ons can be found here.

The prize provides growth capital for young companies

The pri­zes of the com­pe­ti­ti­on are endo­wed with a total of 100,000 euros – first place goes to 50,000 euros, second place to 30,000 euros and third place to 10,000 euros each. Other award win­ners inclu­de COMPREDICT GmbH, enve­lio GmbH and RIPS Tech­no­lo­gies from Bochum. The pri­ze money is to be invested in the start-ups as growth capi­tal.

Start-ups from the start-up initia­ti­ves of the Federal Minis­try of Eco­no­mics and Ener­gy can app­ly for the “Digi­tal Start-up of the Year” award. In addi­ti­on to the “Start-up Com­pe­ti­ti­on – Digi­tal Inno­va­tions”, this also inclu­des fun­ding pro­gram­mes such as “EXIST – Start-ups from Sci­ence”. A fur­t­her con­di­ti­on for par­ti­ci­pa­ti­on is the gene­ra­ti­on of a mini­mum tur­no­ver of 100,000 wit­hin the past twel­ve mon­ths by the start-ups.

PHYSEC and RIPS Tech­no­lo­gies are two of the award-win­ning com­pa­nies from Bochum – the glo­bal­ly important loca­ti­on for IT secu­ri­ty.

The winners of the competition during the award ceremony at CeBit (©Andrea Janssen)