In the world of startup investment, staying ahead of trends is essential for investors seeking promising opportunities. Recently, two notable portfolio companies of the European Super Angels Club (ESAC), Monkee and Biome Diagnostics, have been recognized as one of twenty top startups in Austria in the prominent Austrian business magazine, trend. 

Monkee: Revolutionizing Personal Finance 

One of these is the fintech startup, Monkee, which secured the 4th rank in trend’s list. Monkee is transforming the way consumers approach saving with its “Save Now, Buy Later” model. This approach enables users to set aside funds for future purchases. It promotes financial discipline while avoiding traditional credit use. The platform’s design aligns with the growing demand for sustainable financial solutions that do not rely on debt. 

Monkee’s model and growth show its potential to impact consumer finance significantly. Furthermore, by encouraging individuals to save incrementally for desired items, the company taps into a trend that emphasizes financial responsibility and well-being. Its recognition in trend. underscores the relevance and timeliness of Monkee’s approach. 

Biome Diagnostics: Advancing Personalized Medicine 

Biome Diagnostics, another ESAC portfolio company, ranked 10th on the list of the top startups in Austria. It is a leader in microbiome analysis, which is essential for advancing personalized medicine. Their flagship product, myBioma, analyzes gut microbiome health using a stool sample which provides detailed insights that help users understand and improve their well-being. 

Additionally, Biome Diagnostics has made significant strides in medical innovation with BiomeOne. This product is designed to predict immune checkpoint inhibitor (ICI) therapy responses which has important implications for cancer treatment. It enables more effective and personalized immunotherapy approaches. The company’s work in merging advanced microbiome research with clinical applications highlights its role in advancing precision medicine. 

Comprehensive Evaluation Process 

The ranking of the 150 most innovative companies in Austria represents a comprehensive re-evaluation of the national business landscape. Conducted through a meticulous process involving over 25,000 individual assessments, trend., in collaboration with German market research firm Statista, evaluated the innovation strength of domestic corporations, companies, and startups. The most innovative ten ATX companies, the top 20 international companies with subsidiaries in Austria, the top 20 startups, and the 100 most innovative companies not belonging to any of these categories were selected.  

While the number of patents remains a key indicator in the trend. ranking, the evaluation went beyond that. Additionally, 9,000 employees were asked to assess their own companies, and 400 innovation experts were consulted. 

The Role of the Expert Jury 

The greatest weight in evaluating product and process innovation, as well as innovation culture, was placed on the handpicked 40-member expert board. This board effectively formed the jury for the new ranking. It is regarded as some of the most knowledgeable experts on innovation in Austria. Their task was to evaluate companies based on predetermined parameters and identify firms they considered particularly innovative. Their insights provided a critical layer of analysis beyond quantitative metrics. 

ESAC’s Commitment to Supporting Innovation 

Identifying and supporting pioneering startups is challenging. Nevertheless, the European Super Angels Club has consistently demonstrated its ability to back ventures with strong potential. The success of Monkee and Biome Diagnostics illustrates the effectiveness of ESAC’s investment strategy. This strategy focuses on fostering growth and innovation across industries. 

The European Super Angels Club values the recognition and progress of its portfolio companies. This acknowledgment emphasizes the commitment of these startups and reinforces ESAC’s dedication to supporting impactful entrepreneurs across Europe. ESAC looks forward to contributing to more success stories in the future.