Despite an innovative business idea, the path to independence isn’t always easy. During the beginning stage of a startup, the main focus lies on the issue of financing as well as on searching for suitable spaces for realizing this idea. The rental prices for office and laboratory spaces then turn out to be costly affairs on the free market, which makes it hard for young entrepreneurs to gain a foothold.
The crisis is barely over, and the whole country is already calling for innovations. In times of flourishing information technology, a shift in energy, and the question about our future mobility, we definitely can’t do without them. But are innovations truly the panacea for our problems, and does innovation really make it or break it when it comes to success? Continue reading
The “EXIST Transfer of Research” is, next to the “EXIST Business Start-Up Grant“, the program “Young Innovators” of the State of Baden-Wuerttemberg, and the “Helmholtz Enterprise” program of the Helmholtz Association, one of the major instruments to promote high tech spin-offs from the KIT. Therefore, we are particularly pleased to inform all interested of the new, improved conditions for EXIST Transfer of Research in force since December 9th, 2014.
The most important changes in the new funding guidelines, in particular the changes in relation to the nature, extent and level of funding, are summarized below.
Funding phase I
The funding period is generally up to 18 months. New: For highly innovative and demonstrably particularly time-consuming development projects with the express consent of the expert jury, a funding period of up to 36 months may be granted. For unplanned delays in development of the funding period, this may be extended by up to six months while maintaining the funding volume.
- Personnel expenses / costs for a founding team with a maximum of four members – consisting of the research team with three research assistants (or one of them a technician / laboratory assistant) and a person with business administration skills
- Expenses / costs for student assistants and administrative expenditures / costs are basically eligible up to € 250,000 (previously € 70,000).
Funding phase II
Overall, in funding phase II a non-refundable startup grant of up to € 180,000 (previously € 150,000) is made available to the company. The startup company needs to finance the funding phase II with own funds in the form of equity of the founders and possibly equity in the ratio of 1:3 to the amount of the startup grant. The funding phase II generally does not to exceed a period of 18 months.
You can read detailed information on support by the EXIST business startup grant in the guidelines. For further questions the consultant team of KIT Innovation Management is at your disposal.