SpinLab - The HHL Accelerator and Landesbank Baden-Württemberg (LBBW) Region East announce strategic partnership

SpinLab - The HHL Accelerator is pleased to announce its strategic partnership with Landesbank Baden-Württemberg (LBBW) Region East. This collaboration combines the extensive financial expertise of LBBW Region East, one of the leading German financial institutions, with the innovation and entrepreneurial spirit of SpinLab - The HHL Accelerator. With a total assets value of 324 billion euros, LBBW is among the largest German credit institutions and has a presence in international business centers with 16 locations in 15 countries. Additionally, LBBW has its own venture capital company, LBBW Venture. This funds invests in young companies in the areas of Digital Transformation, LifeScience and HealthTec, as well as Financial Technology.

"We aim as a bank to get closer to promising ideas, startups, and young companies, thus building a bridge to our established customers. Our experience in advising medium-sized companies - in growth, transformation, internationalization, mergers & acquisitions - provides a wealth of expertise that we are eager to contribute to the collaboration," explains Oliver Fern, Regional Board Member of LBBW.

The collaboration between LBBW Region East and SpinLab promises to create new impulses for innovations and offers LBBW the opportunity to explore innovative business models. However, this partnership is not one-sided. LBBW Region East can leverage its broad network of medium-sized customers and incorporate its long-standing expertise in advising established companies into this partnership. This wealth of experience contributes to enriching the cooperation with SpinLab and creating valuable synergies for both sides.

Marcus Haberstroh, Managing Director of the SpinLab Group is proud: "The partnership with LBBW is a great asset for SpinLab and the entire network. Like SpinLab, LBBW has been deeply committed to the Saxon innovation ecosystem and beyond for years. Through this step, startups and all previous supporters, friends, and companions of our corporate group will now benefit from their forward-thinking view and approach to the banking of tomorrow. We look forward to an intensive exchange with the local and cross-regional teams of this leading, solid partner for the German medium-sized companies."

The official partnership agreement was signed on 15 December 2023 by Landesbank Baden-Württemberg (LBBW) Region East and SpinLab - The HHL Accelerator. From left to right: Eric Weber (CEO SpinLab Group), Peter Kröger (Head of Region East LBBW), Marcus Haberstroh (CEO SpinLab Group) © SpinLab /Swantje Jung