Energy in the future and entrepreneurship – EIT Digital Summer School

Under the heading “Smart Energy Systems & Entrepreneurship,” the international summer school of the EIT Digital took place from July 27 to August 7, 2015 in cooperation with the KIT Institute for Entrepreneurship, Technology Management and Innovation (EnTechnon). The goal of the summer school was to promote innovations in the energy sector. Around 40 participants from around the world participated in the two-week summer school in Karlsruhe.

Through expert lectures and workshops, master students, scientists, and young professionals dealt with the energy systems of the future and potential business ideas in this segment such as new energy systems, e-mobility, or storage systems. One highlight of the summer school was the excursion to juwi in Wörrstadt. In addition to a guided tour of the company grounds and a tour of the wind facilities, Matthias Willenbacher, co-founder of juwi, was available to answer participants’ questions at the founder’s talk.

 

The focus of the first week of the summer school was on energy-relevant topics. During the second week, potential business ideas were created in various workshops. These ideas were then developed in small groups lead by mentors. At the end of the summer school, the teams presented their developed business ideas during a seven-minute pitch to an expert jury. After long consultation, the jury named the ‘Multi-Family Homes Flexibility Monetization’ team the winner. Participants were also able to rank each other. In this ranking, the ‘Power Check Plug’ team received the most votes. The final pitch ended with satisfied teams and enthused jury members.

 

Looking back, the participants draw a very positive verdict. Anca Solacolu of the KTH Stockholm explained, “After my Bachelor’s degree, I thought that I would never be able to build a company – because I lacked the entrepreneurial skills. My Master’s degree at KIC Inno Energy and the summer school helped me a lot in developing these skills.” She valued the cultural and information technological exchange during the summer school and was able to gather valuable experiences. Simon Salis of University of Brighton also sees the summer school as a positive experience and responded to the question of whether he would recommend the program straightforward with, “Just two words: Yes, 100 percent!”

KIT Entrepreneurship Talk with Tim Stracke – Before the idea, there must be a founder’s spirit

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Tim Stracke von Chrono24

Before the semester break, the last KIT Entrepreneurship Talk of the summer semester took place on July 16, 2015. This time, Tim Stracke, co-CEO of Chrono24, was invited as a guest. Stracke entered the online marketplace for luxury watches in 2010. Today, the company is among the leading global market places in this sector. The success was recently crowned by an investment – the company will receive 21 m. EUR from Insight Venture Partners. Congratulations!

Stracke studied industrial engineering at the University of Karlsruhe TH (which is the KIT today) and also received his MBA at Golden Gate University in San Francisco. After his studies, Stracke worked in consulting but founded his own company soon after. Before becoming a CEO of Chrono24, he was able to gather a lot of experience in the startup scene. At the E-Talk, he shared his lessons learned as a founder and entrepreneur and gave the audience personal recommendations and tips.

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KIT Venture Fest – Sunny times for founders at the KIT

On 06/30/2015, the Karlsruhe founders’ scene met at the Audimax for the second KIT Venture Fest of the KIT Founders Forge. Our celebration revolved around business startup and young entrepreneurs. The diverse program brought students and scientists together with founding intentions, founders, investors, and the regional network.

The day began with a founders’ breakfast where the first participants, contributors, and network partners were able to get to know each other. After this, the day continued with workshops and seminars. There was a lot of input for both people interested in founding and founders, as there were suitable topics for all stages of founding: from legal and fiscal aspects of a startup through to typical marketing mistakes and pitch training ranging to capital acquisition using venture capital or crowdfunding. Topics, such as patents, management, and innovation, were especially interesting to scientific founders.

After the technical contributions, the Venture Fest officially opened in the afternoon. Prof. Dr. Orestis Terzidis and Dr. Jens Fahrenberg greeted the numerous guests and honored the winner of the “Walk of Flame” idea contest, Noémie Muller, with her “Allee der Lichter” (Alley of Lights). Additional visitors came to the founders’ gallery, where selected startup teams, KIT university groups, and network partners held presentations. The gallery offered the exhibiting teams a stage for receiving feedback on their business ideas and for establishing interesting contacts with supporters and investors. There was also a lively exchange between founders to share experiences of the startup process.

For those that hadn’t met all KIT founders at the founders’ gallery, the KIT founders’ pitch gave a more precise overview. Eight selected teams from different industries competed in the pitch and gave all they could to convince the jury and the audience: Campusjäger, CubusLab, easierLife, enCourage, Gin, IneraTec, Optonaut, and OTEGO. A qualified jury made a final decision, while the audience voted for their favorite with play money. The jury was composed of Dr. Elmar Dorner (SAP SE), Dr. Friedrich Georg Hoepfner (Hoepfner Bräu), Dr. Torsten Löffer (High-Tech Gründerfonds), Dr. Jens Ortgiese (KIC InnoEnergy), Frank Schüler (KIZOO), and Alexander Stoeckel (b-to-v Partners). An evening program entertained the guests while they waited for the announcement of prize recipients. Here, all participants of the Venture Fest and the guests of our partners of the Karlsruhe Gründerallianz (Founders’ Alliance), which was part of the Karlsruhe Gründersommer (Founders’ Summer) at the KIT, gathered.

The evening program began with a keynote speech by Prof. Dr. Günter Faltin titled “Wir sind das Kapital” (We are the capital). The founder and business angel highlighted some systematic methods for founding, which he has summarized in his latest book. For instance, he spoke about founding with components by increasing division of labor. Specialized tasks are given to those who have a good command of them and will be able to quickly realize them. This way, startups reach a degree of professionalism in a shorter amount of time.

Subsequently, Prof. Faltin participated in a panel discussion with Prof. Dr. Holger Hanselka (President of the KIT), Alexander Stoeckel, and Tobias Knecht (abusix). Titled “Köpfe, Kapital und Kultur” (Heads, Capital, and Culture), this discussion provided insight on the ecosystem for founders at the KIT. The prize ceremony for the 2015 KIT Founders’ Pitch was the finishing touch of the evening program. Campusjäger unanimously convinced the jury winning first prize, while the OTEGO team reaped two prizes, the audience award, as well as the prize for best energy idea. The prize money for the 2015 KIT Founders’ Pitch was provided by courtesy of KIC InnoEnergy and KIT Innovation gGmbH. The perfect summer weather accompanied the following get-together with a BBQ buffet. This provided another opportunity to exchange thoughts about the event.

We want to thank the numerous guests who made the 2015 KIT Venture Fest a success! Special thanks go to the lecturers, founders, and companies who invigorated our program with their participation. We would also like to thank our sponsors KIC InnoEnergy, PricewaterhouseCoopers, and SAP SE as well as our network partners Karlsruhe Gründerallianz, High-Tech Gründerfonds, Sparkasse Karlsruhe Ettlingen, venture forum neckar, and KIT Innovation.

KIT Entrepreneurship Talk – Silicon Valley meets Karlsruhe

Dr. Guido Appenzeller (Quelle: abusix)

Dr. Guido Appenzeller (Source: abusix)

As part of the special event “Silicon Valley meets Karlsruhe,” hosted by Karlsruhe startup abusix, the KIT Entrepreneurship Talk with Dr. Guido Appenzeller took place on May 12, 2015.

Dr. Appenzeller studied physics in Karlsruhe until 1996, writing his thesis at the KIT Institute for Anthropometrics and Robotics (IPR) with Prof. Dr. Dillmann. He then finished his doctoral dissertation in 2005 in the Department of Computer Science at Stanford University, where he was also an advisor as a junior professor from 2008 until 2010.
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KIT Entrepreneurship Talk with Prof. Stork – Pioneer of technology transfer at the KIT

Prof. Stork bei den KIT Entrepreneurship TalksOn April 23, 2015, the opening event of the Entrepreneurship Talks for the summer semester 2015 took place. Prof. Dr. Wilhelm Stork, multiple founder of KIT spin-offs, collegial leader of the Institute for Information Processing Technologies (ITIV), and director of the area of embedded systems and sensor engineering at the Research Center for Information Technology was invited as a guest. He talked about his professional career, which impressively combines science and entrepreneurship.

Prof. Stork already began to deal with entrepreneurial thought early on alongside to his pure research activities. His motivation in doing so was his curiosity regarding whether there was a possibility to realize his research results and whether there were already companies on the market that could manufacture products from them. The question about realization or even utilization of research results on the market was not self-evident at the time. It was a novelty and wasn’t viewed very positively. Consequently, Prof. Stork had to initially pursue his project relatively unnoticed.

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