An event of the venture forum neckar e.V. in cooperation with the Sparkasse Heilbronn on September 30, 2015 was to provide answers to the question of which challenges businesses will be faced with in the future and how they can be tackled. The continuously advancing digitalization of production processes and the increased networking of different production locations via the Internet, two big themes under the umbrella term Industry 4.0, often require rethinking, especially for medium-sized companies.
For startups, it is also important to deal with the topic of Industry 4.0 from the beginning. Many processes must be coordinated from the start in collaboration with customers and cooperation partners. The event offered a platform for recognizing the needs of startups, cooperation partners in industry, and investors/financiers early on in order to address them.
A total of four startup teams/startups from the KIT were exhibitors at the event. Three of them presented themselves in a pitch (12 in total) to the investors/financiers and potential cooperation partners with great success. All in all, the event was well attended by approx. 200 participants and approx. 20 startup teams.
Andreas Rüdenauer (Rüdenauer 3D Technology GmbH) and Dr. Rolf Blattner (KIT Innovation Department) at the Rüdenauer 3D Technology GmbH stand
Dr. Rolf Blattner (KIT Innovation Department) and Frederick Lessmann (otego) at the otego stand
Marcus Georgi and Tomt Lenz (GIN/Kinemic) talking to interested people at the GIN/Kinemic stand
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.
Team von IneraTec
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.