Two Israeli Startups Join Berlin’s Metro Accelerator Powered By Techstars

May 13, 2018 | Two Israeli startups were selected to take part in Berlin’s retail-focused Metro Accelerator powered by Techstars, the American seed accelerator founded in 2006, according to a statement. The companies will take part in the accelerator for three months, where they will receive guidance from more than 100 high-tech professionals from Germany retail groupMetro AG, the fourth largest retail chain in the world, and Techstars. They will also receive up to $143,530 in funding as a possible investment and be presented in July as part of demo days to private investors and venture capitalists in London, England and Munich, Germany. The two Israeli startups to join the accelerator are LSVR, a Tel Aviv-based company that uses AI and computer vision to help “people to get engaged on their buying expedition and continue with their personal e-commerce flow” and NeuroApplied, a Hadera-based company developing a platform using machine-learning analytics in combination with neural-networks computing in order “to provide clients with useful data collected from the associative subconscious of their customers.” The Metro Accelerator by Techstars was launched in 2015 to “empower entrepreneurs to scale-up their solutions and access networks curated by both Techstars and Metro AG along with selected partners.” Metro Accelerator Program Director Sylvia Dudek said, “The Israeli companies selected from among the best and most successful candidates will enjoy a basket of benefits and direct access to the intellectual capital of one of the world’s leading food and retail chains and the top managers there. The level of activity in Israel and its quality impress us, ” says Dudek. “Since we started the operations, we have met quite a few young Israeli companies and all along we have discovered unique thinking outside the box, innovation and daring.”