BSH Future Home Accelerator
Powered by Techstars

Welcome to the Future Home Accelerator.

Are you a startup with a vision for impacting the future home and its centerpiece, the kitchen? Become a part of the "BSH Future Home Accelerator Powered by Techstars" and leverage your business in an exclusive 13-week-program full of opportunities.

What this is about

BSH Hausgeräte GmbH is one of the world's leading home appliance manufacturers. With the home appliances of our global brands Bosch, Siemens, Gaggenau and Neff we want to improve the quality of people's lives. Furthermore, our digital ecosystem Home Connect offers our consumers new experiences within an increasingly connected kitchen world.

The "BSH Future Home Accelerator Powered by Techstars" gives 10 startups the opportunity to participate in an exclusive three-month mentorship-driven program to grow their companies.

Being selected for this program, means you are amongst the best startups and part of two very strong networks – Europe’s number one home appliance manufacturer BSH and one of the world’s best-known startup accelerators, Techstars. Those two companies are teaming up to accelerate your startup. To help you gain speed quickly, we provide everything you need: experienced and dedicated mentors, working space, equipment and of course financing.

Your Benefits.

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Access Europe’s No. 1 Home Appliance Manufacturer – Get the Chance to Co-operate

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Two Strong Global Networks: Home Appliance Specialist BSH & Startup Specialist Techstars

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Great Mentors & Inspiring Working Atmosphere in Munich - the World's most Liveable City

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Get in Touch with Engineers of BSH’s Home Connect ecosystem, instl in 1 Mio. Home Appliances

Your Mentors

Timeline.

2018
July 23

Applications Open

October 14

Applications Close

by November 30

Offers Made

2019
February 4

Start of the Program

May 9

Demo Day

Tibor Kramer
“This is the opportunity for young startups in this field to team up with a dreamteam - BSH and Techstars. We are very much looking forward to welcoming creative entrepreneurs to Munich and working intensively with them to make their companies successful.”

Tibor Kramer - Venture and Accelerator Partner at BSH

FAQs.

BSH Hausgeräte GmbH is one of the world's leading companies in the sector and the largest home appliance manufacturer in Europe. To be the first choice for consumers worldwide drives the company and its employees. BSH aspires to improve the quality of life for people with its exceptional brands, high-class products and superior solutions.

Alongside the global brands Bosch and Siemens as well as Gaggenau and Neff the brand portfolio includes the local brands Thermador , Balay , Profilo , Constructa , Pitsos and Zelmer .

The ongoing digitalization creates even more complex demands on home appliances. In order to meet the constantly evolving consumer needs BSH will transform itself from a supplier of home appliances to a company that offers personalized digital functions, services and content in addition to home appliances.

With Home Connect , BSH offers a cross-brand platform as the basis for a rapidly growing ecosystem of connected home appliances and consumer-centric services for a special future experience in the kitchen.

BSH is a trademark licensee of Robert Bosch GmbH for the Bosch brand and Siemens AG for the Siemens brand.

Visit BSH Group Website

Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates four divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and the Techstars Venture Capital Fund.

Visit Techstars Website

This is the first joint accelerator program of BSH and Techstars. Together they are looking for startups worldwide with innovative ideas for the future home and its core, the connected kitchen. The accelerator is part of an open innovation approach. BSH wants to collaborate with startups in order to help them to accelerate their business models, which in return inspires us. We hope for a successful collaboration also after the Accelerator program in order boost our speed of innovation.

Applications are open to all startups worldwide which have innovative ideas and business models for the future home and the connected kitchen. At BSH, our “home turf” is the heart of the home, i.e. the kitchen and kitchen appliances. Both the home and the kitchen will change in the future ‒ hardware and services will interact. Think of how you already get digitally inspired while cooking today. You might source your groceries differently and cook differently and faster, maybe interacting with friends from California while you are in Seattle. If you have a business idea that enhances the consumer experience and fits into this picture, you will most likely fit well into our program. We do however not limit our view to the kitchen.

For more information, see the Video interview with Mario Pieper in the blog section.

In the first step, please fill out the online questionnaire in the application system in which you briefly introduce your team and the business model. Together with the Techstars team, we will narrow down the applications by mid-October to the 60 most relevant companies, with which Techstars will conduct interviews. The 20 most promising startups will be invited to a video interview with BSH and Techstars in the first half of November. We will send out offers to the ten best startups by the end of November 2018 for the first cohort. The program starts February 4th in Munich.

As core value of the accelerator we provide

  • Acceleration in a 90-day program with personal mentorship by mentors of the Techstars and the BSH network
  • A unique chance to co-operate with Europe's No. 1 home appliance manufacturer during and after the accelerator program
  • Mentoring and guidance from key decision makers at BSH from the areas of Design, Engineering, Marketing, Digital, Business Administration and Engineers of Home Connect, BSH’s platform for connected appliances
  • The possibility to do a pilot / proof of concept with a reasonable effort (note though, there is no joint development during the program due to potential intellectual property conflicts)
  • An inspiring co-working space in beautiful Munich for the 3 months of the program
  • Lifetime access to the Techstars worldwide network of entrepreneurs
  • The Demo Day, where you pitch your business to the influential tech community and investors

For participating in the program, we receive 6% of common stock in exchange to which we will invest $20,000 into your business. This is a standard of all Techstars programs.

In addition to the $20,000 mentioned above, a $100,000 convertible note is automatically offered to all companies participating in a Techstars accelerator upon acceptance. More details will be communicated during the application process.

Techstars offers an Equity Back Guarantee.

Yes. We do expect that at least one member of your team is primarily based in Munich during the program. This benefits you because you can take advantage of the numerous learning opportunities, networking and coaching that will be provided. The BSH Future Home Accelerator Powered by Techstars is a major commitment, and we expect you to be around most of the time. However, it’s your company, you call the shots, so travelling as necessary for business or family requirements is okay by us.

No. It is your company, so live wherever you want to. Many companies do decide to relocate to the city where they went through their Techstars program because of the vast local network that they can continue to tap into once the program concludes.

For more details, please have a look at the Techstars program page of the BSH Future Home Accelerator Powered by Techstars as well as on the overall Techstars FAQ section .

Home Appliances under the Brands.

BSH Brands

Contact Us.

If you have any questions about the Future Home Accelerator or your application, please contact us at future-home@bshg.com

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