Winners of Scaleup Landing Pad Hamburg announced

10 May 2024
Five green-tech growth start-up to reap rewards of scheme

Australia’s Allegro Energy, South Korea’s BANF, Norway’s Heatcube-Kyoto Group, Israels’s Polymertal and Japan’s Tsubame BHB have been admitted to Hamburg’s Scaleup Landing Pad scheme. The funding scheme is managed by the Ministry of Economics and Innovation with the Hamburg Invest business development agency and seeks to come up with pioneering solutions in the field of sustainability.

Bringing cutting-edge technology to Hamburg

"Our Scaleup Landing Pad makes it easier than ever for young companies to gain a foothold in Germany and Europe," said Sascha Jacobi, Head of the Scaleup Landing Pad at Hamburg Invest. The aim is to bring cutting-edge technology to Hamburg and to advance the green transformation of the city. The five scale-ups will receive personalized support until the end of 2024 to build up their business in Germany. Polymertal, for instance, is developing innovative materials with metallic properties that are much lighter than conventional metals and thus slash energy consumption. Tsubame BHB has launched an ammonia synthesis technology based on an electrocatalyst to produce ammonia at lower temperatures than conventional processes.

Eye on more growth-oriented companies

The main focus of the scheme is now on matchmaking the scale-ups with established Hamburg-based firms in a bid to launch joint projects. Ideally, their solutions would prove suitable for local applications, which could  then be brought to market maturity. Companies such as Airbus, Otto and HHLA have already outlined their requirements for such a venture. Twenty other international growth companies with solutions that meet these requirements are currently being assessed and may yet be included in the scheme.

190 meetings between scale-ups and companies

International growth companies have benefited from the Scaleup Landing Pad Hamburg since 2021. Last year, 190 meetings were held between scale-ups and Hamburg-based companies, resulting in eight pilot projects. Koji Nakamura, Managing Director of Tsubame BHB, noted: "Our participation in the Scaleup Landing Pad in Hamburg is an important step for Tsubame BHB to strengthen our presence in Germany and underlines our commitment to sustainability and decarbonisation."

Sources and further information

About Hamburg Invest

Hamburg Invest is the one-stop agency for relocations and investments in Hamburg as well as the main point of contact for all business development issues. A wide range of services is available especially for SMEs. Hamburg Invest also markets urban commercial and industrial sites - from site development, advertising and customer approach to the land contract. Technology and knowledge-based start-ups can contact the Startup Unit and Startup City Hamburg there.

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