RESTUBE GmbH, a start-up with roots at KIT, was the first company to avail itself of the opportunity to launch a crowd investing campaign on KITcrowd. The RESTUBE team produces and distributes a safety system for all types of water sports. In critical situations, a floatation device is inflated by a gas cartridge to save the wearer from drowning. Between January and May 2016, the RESTUBE campaign was active on the crowd investing platforms Seedmatch and KITcrowd. As early as 23 days before the end of the funding period, the company reached its funding limit of 600,000 Euros thanks to the support of 640 investors. We interviewed the founder and CEO of the company, Christopher Fuhrhop.
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.
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.
During the beginning stage of a business startup, founders are often faced with different challenges. Questions regarding financing, the business plan, and fear of failure are always present. However, entry into the business is facilitated through so-called incubators. In an incubator, startup projects that are preparing their business startup find a supervised space to develop and grow.
The term incubator originally comes from the fields of medicine and biology, where it is also referred to as a breeder. The principle of an incubator is to create the ideal conditions for breeding and growth processes. For newborns, for instance, the incubator provides an ideal and safe environment for the child to grow. In the field of business startups, this principle can be transferred to young startups. Incubators for startup teams create the best framework conditions that level the successful start into business life for the prospective entrepreneurs. In the special facilities or spaces of the incubator, startups receive support and consultation for their startup project. In addition to the availability of inexpensive rental spaces and infrastructure (e.g., offices, laboratories, or production facilities), founders are also supported with entrepreneurial know-how. Through consultations and coaching sessions by experts form the startup scene, the teams in the incubator are supported in a targeted manner through intensive supervision and their opportunities for growth increase. The incubator, as a focused startup center, simultaneously stands for infrastructure, knowledge, and network. In some cases, incubators also offer startups seed funding and are available to help founders with tips when searching for capital.
With its lively startup culture, Karlsruhe offers young founders some smaller and larger incubators or spaces in the area. A list of links for additional information can be found on our website “Space for Founders .” Especially for scientific spin-offs, the KIT offers a high-tech incubator on Campus North, where 10 startup projects and businesses are currently located.
IneraTec develops a container-based compact system that enables liquid synthetic fuels to be extracted from small and medium-sized gas sources. Renewable fuels are created from biogas. This way, fuels can be produced wherever they are needed. The compact systems developed by IneraTec represent a new technology within chemical process engineering that distinguishes itself from large chemical plants where this process took place until now. In an interview, we asked the team of IneraTec about the idea, the startup time, and the future prospects.
For the third time, from March 23rd to 27th, 2015, the spring school for soon-to-be founders and scientists interested in founding took place. As previously, the HECTOR School of Engineering & Management was a cooperational partner of the spring school.
As usual, the participants came from a wide array of areas: from toxicology through to genetics and ranging to robotics and interactive real-time systems. We were pleased that the spring school attracted some more female participants this time – nearly half of the 14 participants were female. Continue reading