In the Munich Business Plan Competition, the third prize went to the company Orbem, a start-up founded at the Munich School of BioEngineering. Orbem has developed a method for identifying the sex of poultry embryos still in the egg. The first and second spots were also claimed by start-ups incubated at the Technical University of Munich (TUM).
The Munich Business Plan Competition is among the most established start-up contests of its kind. Organized by the Bavarian start-up network BayStartUP, the competition awards prizes totalling 30,000 euros to the three winners.
This year, the third prize went to the start-up Orbem founded at the Munich School of BioEngineering. Orbem is marketing an imaging technology that provides a non-invasive method for detecting the fertilization status of eggs or the sex of the embryo inside. This is highly relevant because every year poultry breeders kill millions of male chicks, for which they have no use, and destroy unfertilized eggs as they cannot be identified. The process used is based on magnetic resonance imaging (MRI technology).
Two other TUM spin-offs won the first and second prizes in the competition. The winner was presize.ai, which offers software that enables online shoppers to take their own body measurements. The second, m-Bee, has developed a new battery storage technology.
The three winning start-ups received support from the TUM start-up advising service. The Orbem team took also part in the Global Food Venture Program of EIT Food, an EU consortium headed by TUM. Orbem and m-Bee received the IdeAward from TUM in 2018, which recognizes excellent business ideas.