Dymium develops a minimally invasive treatment method for the remnant-free removal of kidney stones using magnetic separation technology. With this innovative approach, the medtech startup from Garching near Munich wins the final of BayStartUP's Munich Business Plan Competition 2022. Second place goes to NIMMSTA GmbH from the field of IOT logistics with an industrial smart watch, while the startup Reverion takes third place with a technology for generating electricity from biogas. Three other startups from the LifeScience sector were nominated for the finals: 2NA FISH, Qlibri and sqior medical.
Dymium is developing an innovative, minimally invasive treatment method for the residue-free removal of kidney stones, thus winning the final of the 2022 Munich Business Plan Competition. With the help of magnetic separation technology, kidney stone fragments are transformed by a biocompatible agent into magnetizable objects and magnetically extracted, which increases the prospect of greater healing chances and surgery improvements and drastically reduces the recurrence of stones in patients.
Back in 2021, the project "Suspension for Magnetization of Kidney Stones" by Dr. Sebastian Schwaminger and Florian Ebel and their team from the Technical University of Munich won the BioRegions Innovation Award and also the audience award.
The winner teams won the final competition phase after two evaluation rounds with 74 participant teams from all over southern Bavaria. They will receive winner prizes totaling 30,000 euros. Their focus is on solutions for the MedTech, IOT logistics and energy supply sectors. Sponsor in the final and long-standing cooperation partner of the Munich Business Plan Competition is LfA Förderbank Bayern.
The other winners from IOT logistics and energy supply
Second place goes to Munich-based startup NIMMSTA with its HS 50 logistics device, which combines a smartwatch, industrial scanner and e-paper display to achieve efficiency gains of over 50% in intralogistics processes.
Reverion, in third place, has developed a flexible technology for generating electricity from biogas with high efficiency and reversible operating mode (power-to-gas). The founding team from Eresing is thus unlocking new optimization potential in the biogas market.
Three more life science startups nominated in the finals
Three other startups from the life science sector were nominated in the final:
- 2NA FISH from Munich enables simple, cost-effective and robust analysis of gene activity in a spatial context. The platform technology makes it possible for the first time to develop in vitro diagnostics for cancer therapy decision-making that quantify gene activity patterns (RNA expression) in a spatial tissue context.
- Qlibri, based in Munich, Germany, builds and markets a novel microscope based on a technology from quantum optics. Researchers and developers from nano and quantum technology can use it to make extremely small objects visible for the first time.
- sqior medical from Munich is developing a smartphone-based assistance system that provides clinicians with information, simplifies clinical tasks and automates administrative processes. For example, communication and control of the perioperative process can be automated.
Dr. Carsten Rudolph, managing director of BayStartUP, says: "Many of the founding teams came from the life science and tech sectors and develop new technologies out of universities. The nominees and winners in this year's competition are characterized by a high degree of maturity and technical quality. The best prerequisites for getting off to a successful start even in times of crisis."
As one of the best-known competitions in the startup ecosystem, the Munich Business Plan Competition has already produced winners such as Fazua, EGYM and Quantum-Systems, which are now among Germany's most successful startups. The focus has always been on sharpening business ideas through expert feedback and preparing young founding teams for challenges in the market environment and in financing.
More information, also on the other winning teams, can be found at:
https://www.baystartup.de/startupdate/wettbewerbs-updates/dymium-gewinnt-den-muenchener-businessplan-wettbewerb-2022