The startup scene met on July 1st, 2014 for the first KIT Venture Festival of the KIT Founders Forge. A varied program surrounding the topic of business founding was provided through venture events, seminars, workshops, and discussions, as well as consulting and networking. About 600 guests took advantage of the “founding conference” at the KIT – students and scientific employees interested in founding were able to communicate directly with entrepreneurs, investors, sponsors, and network partners.
The KIT spin-off amcure GmbH receives funding of five million euro for the development of new anticancer drugs. The LBBW Venture Capital GmbH in Stuttgart invests in this scientific spin-off. Other investors, such as the KfW-Bank and the Federal Ministry of Education and Research (BMBF), are also participating in the investments.
There is urgent medical need for the treatment of metastasizing kinds of tumors. In the case of pancreatic cancer, an aggressive kind of cancer which is often discovered late, 95 per cent of the patients die within five years of the diagnosis. The KIT spin-off amcure developed tumor drugs which could lower this rate. For the pre-clinical and clinical tests of the drugs amcure now collected a total of five million euro. With this funding, amcure will further develop its product candidate AM001 for the treatment of cancer in the next years and push their active substance forward to the clinical level.
Congratulations on the funding to the team of amcure! We wish you great success for the further development of the tumor medicine!
Extensive press information at: http://www.kit.edu/kit/english/pi_2014_15435.php
Doctoral candidates become tomorrow’s entrepreneurs
The founder city Karlsruhe and especially KIT offer the perfect platform for emerging entrepreneurs to develop their ideas into a potential business idea and found their own business. In light of this fact, the Institute for Entrepreneurship, Technology Management and Innovation (EnTechnon) developed the first “PhD Spring School on Technology Innovation and Entrepreneurship”: The focus was on technological inventions as a basis for startups.
In cooperation with the HECTOR School of Engineering & Management, the School took place from March 26th to March 31st with 21 participants. The participants mainly came from the technological and scientific area. With the help of technical lectures and workshops, they were able to acquire the foundational know-how for the startup of a business. In addition to the theoretical foundations, the scientists were taught how to develop business ideas from research results and technologies. In different workshops, such as creativity, business model development, and financial planning, participants were able to apply their newly acquired stills to practical examples in smaller groups. Among other things, the subject matter to practice on was the technology offerings at KIT, from which the participants created business ideas. These results were presented to a jury at the concluding pitch event on March 31st and the individual groups received feedback about their business ideas.
Andreas Przybilla is a doctoral candidate at KIT. The PhD Spring School was able to strengthen his determination to found his own business. “I received a lot of help in developing my idea into a business idea because there are many aspects in the process of starting up a business that we don’t tend to consider by ourselves.” Przybilla recommends this ‘101’ to all doctoral candidates who seek starting up a business.
Fabian Graf of the German Cancer Research Center in Heidelberg also gives a positive summary of the intensive workdays. The PhD School has given him knowledge of the expectations, preparation, and important topics in business startups. The workshops helped him acquire techniques and tools in order to better realize his creativity and frame his thoughts in a more structured way. “It was a total of four days, so you don’t sacrifice too much PhD working time. But considering such a short amount of time, it was very intensive, all culminating in a pitch event. Here, one can use everything one has learned throughout the past days.”
After the successful end to the School, the preparations for the next round are already underway: the second School will take place in September 2014. For questions and more information, please contact Anja Wahl.
The KIT accelerator program upCAT (Startup Catalyst) is entering into its second round. On March 31st, 2014, a total of seven teams started at the kick-off of upCAT. This time, the business ideas of the participants are varied: ranging from information technology to further training and health to entertainment. We are already looking forward to the final presentation of the business ideas at the Demo Day on July 1st, 2014. Save the date! Continue reading