EXIST – Higher funding rates for transfer of research

The “EXIST Transfer of Research” is, next to the “EXIST Business Start-Up Grant“, the program “Young Innovators” of the State of Baden-Wuerttemberg, and the “Helmholtz Enterprise” program of the Helmholtz Association, one of the major instruments to promote high tech spin-offs from the KIT. Therefore, we are particularly pleased to inform all interested of the new, improved conditions for EXIST Transfer of Research in force since December 9th, 2014.

The most important changes in the new funding guidelines, in particular the changes in relation to the nature, extent and level of funding, are summarized below.

Funding phase I

The funding period is generally up to 18 months. New: For highly innovative and demonstrably particularly time-consuming development projects with the express consent of the expert jury, a funding period of up to 36 months may be granted. For unplanned delays in development of the funding period, this may be extended by up to six months while maintaining the funding volume.

Eligible are:

  • Personnel expenses / costs for a founding team with a maximum of four members – consisting of the research team with three research assistants (or one of them a technician / laboratory assistant) and a person with business administration skills
  • Expenses / costs for student assistants and administrative expenditures / costs are basically eligible up to € 250,000 (previously € 70,000).

Funding phase II

Overall, in funding phase II a non-refundable startup grant of up to € 180,000 (previously € 150,000) is made available to the company. The startup company needs to finance the funding phase II with own funds in the form of equity of the founders and possibly equity in the ratio of 1:3 to the amount of the startup grant. The funding phase II generally does not to exceed a period of 18 months.

You can read detailed information on support by the EXIST business startup grant in the guidelines. For further questions the consultant team of KIT Innovation Management is at your disposal.

EXIST – Higher funding rates for business start-up grant

The EXIST Business Start-Up Grant is one of the most popular startup grant programs of the founder team at the KIT. Therefore, we are particularly pleased to inform all interested that since December 9th, 2014 the new, much higher funding rates for the startup grant are in force.

Below, we show an excerpt from the new funding guidelines, in particular the changes in relation to the nature, extent, and level of funding:

  • Students who have completed at least half of their studies: € 1,000 per month (previously € 800)
  • Technical employee / Technical assistant: 2,000 € per month (previously no funding)
  • Graduates / Undergraduates with at least one degree: 2,500 € per month (previously € 2,000)
  • Postdoctoral founders: 3,000 € per month (previously € 2,500)
  • For dependent children of the founder € 100 per child per month is granted as child allowance.
  • Operating expenditure can be regarded as eligible for a total of up to € 10,000 for single foundings and up to 30,000 € for team foundings (up to three persons) (previously € 20,000).
  • For coaching, business skills training and startup advice, up to € 5,000 can be granted additionally, which must not be used for any other purpose.

You can read detailed information on support by the EXIST business startup grant in the guidelines. For further questions, the consultant team of KIT Innovation Management is at your disposal.

Salesforce introduces a “Salesforce for Startups” program free of charge

The company Salesforce, which has an impressive startup history with Marc Benioff himself, introduced an interesting program for startups in this year’s in-house Dreamforce in addition to some exciting new features for enterprise customers.

ResourceoftheWeekProvided by: salesforce.com

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