Twice a year, technology-oriented startup projects from universities and research institutions may apply for funding through EXIST Transfer of Research. With this funding program, the Federal Ministry for Economic Affairs and Energy (BMWi) supports outstanding teams of founders whose technology-based startup ideas require elaborate development work. The goal is to improve the startup climate at universities and research institutions as well as to increase the number of technological and scientific business startups.
In May 2015, the jury met and decided on the submissions from the January 2015 application phase. Altogether, 87 sketched ideas from around Germany were examined. Twenty-six startup teams from the areas of life sciences, energy technology, sensor technology, software, and industry 4.0 won the jury over and received approval for funding. Among them are three teams from the KIT: GIn, OTEGO, and Emmtrix. Congratulations!
The team of GIn – Gesture Interaction for Wearable Technologies has specialized in the area of augmented reality (AR). Using newly developed technology for gesture interaction, the aim is to considerably expand and improve the input options and the range of functions of AR glasses and ‘wearable devices’. The OTEGO team is working on a spin-off in the energy sector. With thermoelectric generators (TEGs), they hope to transform ambient heat directly into power when a temperature change occurs. The technology can be applied in a wide array of markets. The third startup project, Emmtrix, develops a software solution for programming multicore processors for simplifying the parallelization of embedded systems in the industry field.
These entirely different ideas were rated by the BMWi as technologically demanding and economically promising startup projects. With the help of EXIST Transfer of Research, the teams can now focus on continuing to develop, proving the technical feasibility, and preparing the startup. We wish the three teams a lot of success and will follow their development!