20 July 2016

EYIF announces strategic innovation partnership Deutsche Bahn AG

European Young Innovators Forum announced today the signing of a strategic innovation partnership agreement with Deutsche Bahn AG, the largest railway operator and infrastructure owner in Europe.

Deutsche Bahn offers great opportunities to early stage startups to accelerate their ideas and bring innovation into the world of railway infrastructure and mobility via its own innovation accelerator, DB mindbox. The accelerator focuses on railway infrastructure and mobility related startups, which introduce new technologies. Opening the world of railway is its goal. The strategic innovation partnership with EYIF aims at increasing the awareness and impact of DB mindbox across Europe in the startup community and other relevant stakeholders.

“We, at EYIF, aim to build valuable and lasting relationships with our partners for the benefit of Europe’s startup community. This innovation partnership with DB mindbox enables us to provide new opportunities for Europe’s startup community. This collaboration is one of the core activities of our #GrowGlobal strategy. Together with DB mindbox, we will help startups access new business opportunities, funding and scale up.” said Kumardev Chatterjee, Founder and President of European Young Innovators Forum.

mindboxdbMindbox is now looking for tech startups in the fields of infrastructure, mobility and logistics to start the next accelerator programme of 3 months, starting on 14th October. The deadline for the 4th Batch of DB mindbox is 21st August and the Pitch Session for selected applicants will take place on 13th September, in Berlin. The winner will get 25.000 for zero equity and will have direct access to DB data, its infrastructure and other benefits. Most significantly, every selected team will test and validate their prototypes in the live environment. Furthermore, the winning startups will have the advantage to use the DB coworking space in Berlin and receive active mentoring from DB high-ranking professionals.

“We are very pleased to have signed a strategic innovation partnership agreement with the European Young Innovators Forum. It is vital for us to reach the leading startups across Europe for new innovations and to offer new services for our customers. This is where we see the main value of our partnership with EYIF, the leading foundation for youth innovation in Europe.” highlighted Onno Szillis, Head of DB mindbox.

Find more information about DB mindbox and the application process on Facebook | Twitter | Website

About DB

Deutsche Bahn AG was founded in 1994. Today, it is one of the world’s leading passenger and logistics companies and operates in 130 countries with more than 300,000 employees committed to providing mobility and logistics services for customers around the world, as well as controlling and operating the related transport networks in the rail, land, ocean, and air freight transport sectors. In the 2015 financial year, DB AG posted revenues of about  40.5 billion euros, as well as operating profits (EBIT) of 1.8 billion euros before special items.