LineMetrics wins the NEXT13 Start-up Pitch
LineMetrics is the winner of this years NEXT13 start-up competition, organised by hub:raum at NEXT Berlin. The Austrian team impressed the jury of experts with their combination of hard- and software that enables industrial companies to monitor individual machines or entire production lines, in real time.
LineMetrics is the winner of this years NEXT13 start-up competition. The Austrian team impressed the jury with their idea that enables industrial companies to monitor individual machines or entire production lines, in real time. This leads to an increase in production efficiency and a reduction in machine failures. Parallel to winning the NEXT13 Start-up Pitch, LineMetrics delivered its first kit to a customer.
Doesn’t sound sexy? But only at first sight, the market for it – particularly in the SME sector – is huge. “LineMetrics convinced us, particularly with its coherent business model. It offers a clear customer focus and a successful combination of hardware and software elements,” said Peter Borchers. Peter, a jury member, is director of Deutsche Telekom’s incubator hub:raum, which organised the Start-up Pitch and Track at NEXT13.
As winner of the competition, the two LineMetrics founders Reinhart Nowak (CEO) and Wolfgang Hafenscher (COO) received a prize package donated by hub:raum, SinnerSchrader, You Is Now and piâbo PR with a total value of 20,000 Euros.
With a symbolic ‘money suitcase’ in hand, Wolfgang Hafenscher was delighted about the victory. “Simply participating in NEXT Berlin meant winning for us. Being among the finalists brought us a lot of visibiltiy in the market. It also gave us the opportunity to network with highly qualified speakers at the conference, including Harper Reed, Robert Scoble and Stephen Wolfram. The feedback we got from such people was very inspiring for us.”
The product of the Austrian company matches perfectly the needs of medium-sized productions and is a perfect example for the fourth industrial revolution. Chancellor candidate Peer Steinbrück referred to the latter in his speech at NEXT13 by saying: “As emails revolutionised our office lives, and Facebook did with our social lives, the digital world is now revolutionising industry. This brings new products and processes.” LineMetrics is living proof of that!
Photo: Heisenberg Media, Dan Taylor