SkAD Labs among the top 50 European startups selected for Europe's largest multi-corporate accelerator

weXelerate, a multi-corporate accelerator located on over 9.000sqm in the heart of Vienna, Austria, received over 850 applications from startups coming from 55 countries. Following a multistage evaluation process, SkAD Labs Sàrl was rated among the top 50 startups and invited to participate in the next 4-month program batch, starting in March 2018.

SkAD Labs Sàrl is building SkeletonCAx, a disruptive next generation engineering design software. SkeletonCAx helps companies to innovate quicker, reduce time-to-market and improve products at the same time. As a consequence, SkeletonCAx will enable customers to work more efficient and cut development costs.

“We are very excited to be selected as one of the top 50 European startups”, says Dr. Bernhard Petermeier, Co-CEO and Co-Founder of SkAD Labs. “Through a close cooperation with leading industry companies we will be able to gain more insights from potential customers and significantly improve our offerings.”

weXelerate will enable SkAD Labs to closely work together with at least one of their 16 industry-leading corporate partners, to identify use cases, kick off pilots or to form alliances. „weXelerate stands for collaboration between leading corporates, experts and startups across various disciplines with the aim of establishing mutually beneficial relationships”, says Dominik Greiner, Managing Director of weXelerate. Their corporate partners include banks (Volksbank, Raiffeisenbank, Austrian Controlbank, Payment Services Austria), insurance companies (Uniqa, Wuestenrot, Acredia), media companies (T-Mobile, Kurier, ORF), industry and infrastructure companies (Andritz, Palfinger, Austrian Post, Wien Energie) or the Austrian Sportsbetting Company. In addition, SkAD Labs will get in-depth coaching and mentoring by weXelerate and its network of 200+ partners in all the areas needed to scale fast and take things to the next level. Also part of the accelerator program is free working space in the prestigious weXelerate spaces on over 9.000sqm in Vienna for the duration of the program, sharing an office building with various players in the international innovation ecosystem, among them six Venture Capital firms. While the previous batch of startups participating in the weXelerate accelerator program was able to show off various stories of great success, SkAD Labs is confident to live up to expectations and excited to join weXelerate in Vienna this March.

About SkAD Labs Sàrl

SkAD Labs Sàrl was incorporated in July 2016 as a spin-out from the Swiss Federal Institute of Technology (EPFL) with the objective to develop and commercially deploy a breakthrough Computer-Aided Design and Simulation software based on Medial Axis Representation™ (MAR™) technology developed within the former LICP Laboratory of EPFL. SkAD Labs is headquartered in Lausanne, Switzerland, with offices in Timișoara, Romania.

SkeletonCAx is a novel a virtual product development software promising to deliver a 50% speed up in the development process of engineering products. SkeletonCAx is an advanced, intelligent system, capable to autonomously create designs, simulate physical behavior and achieve a specific optimization goal. As a consequence, engineering product design will become as easy as running software code: With a press of one button.

Press Contact: To learn more about SkAD and SkeletonCAx follow us on Twitteror LinkedIn,or get in contact through contact@skadlabs.com

About weXelerate

weXelerate is a startup & innovation hub with a unique and thriving ecosystem of open innovation on nearly 9.000sqm that aims to connect startups and established corporates. Each year the weXelerate accelerator supports 100 of the most promising European startups with a focus on energy and infrastructure, industry 4.0, media, insurance and banking, as well as cross-industries such as internet of things, artificial intelligence, bots, mobility, blockchain and cyber security. To its corporate partners weXelerate offers a tailor-made innovation program that ensures individualized access to current innovation methods, processes and trending topics in the industry.

Startup application for weXelerate batch III opens April 4th 2018 – pre-register now: https://www.wexelerate.com/apply_now

Press Contact:
thomas.reiter@weXelerate.com
http://www.wexelerate.com/