In cooperation with the nowak & partner law office in Karlsruhe, KIT Innovation Management ran two workshops on the topics of law and taxes for entrepreneurs. More than 20 interesting visitors attended.
KIT start-up consultant Dr Rolf Blattner (left) with the lecturers, Mike Gottstein (11th from the left) and Thorsten Nowak (12th from the left) from the nowak & partner law office
The nowak & partner law office has many years of experience in supporting and advising young companies. This is why we organised a crash course with two lecturers, Mike Gottstein and Thorsten Nowak, on the topics of products, the market, resources, finances, revenue planning, exit scenarios and business plans for our start-up teams. The programme primarily focussed on questions pertaining to taxation and the law.
For five KIT teams, everything revolves around advancing their startup project. They are taking part in the upCAT#4, a 12-week intensive program for startups and spin-offs. This is where prospective startup teams work on accelerating their market entry. The fourth KIT accelerator is lead by Dr. Gerda Frank and Petra Nitschke from the Center for Interdisciplinary Entrepreneurship (CIE).
Together with internal and external speakers, they share startup-relevant knowledge and a variety of methods that can be directly used in the following practice and mentoring sessions. The teams receive additional tips from experts in the industry and economy, so-called mentors. From December 7th-10th, 2015, the kickoff week took place – the start of the program. For one week, the teams received input in order to specify their business ideas. We met the teams at the beginning of the program.
Three minutes – about the duration of an elevator ride – that is the time frame available for founders and young entrepreneurs at the Elevator Pitch BW to present their business idea. Ten startup teams rose to the preliminary regional challenge. Two KIT teams won over the jury and about 100 listeners with their poised presentations.
On March 10, 2015, the accelerator program “upCAT” of the KIT Founders Forge ended in applause on the final Demo Day. After twelve weeks of intensive work, the six participating teams presented their business model to an expert audience consisting of business angels, venture capitalists, and Karlsruhe network partners. Six entirely different teams participated in the upCAT #3:
- ChromX: Software for chromatography modeling for process development and robustness studies for the biopharmaceutical industry
- LehrWerk: Construction kits as teaching materials for prospective engineers and technicians
- Paralution: Software and consulting to accelerate the calculation of computer-supported simulation
- Softtop: Weatherproof covering for bicycles and e-bikes
- Storrays: Technology for manufacturing ultra-high density peptide arrays
- tego energy: Energy supply modules for energy harvesting
Many of the founder teams of students, researchers, and / or graduates of the KIT wonder whether their ideas, their startup projects, or their research projects are suitable for an application for the EXIST Business Start-Up Grant. Directly related to this is the question of what to bring to a successful application. Below, we highlight the three main evaluation criteria – which we will discuss in detail in the founder consultation with the teams. Continue reading