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.
One of the first projects that has been funded successfully through KITcrowd is “Bread for Perspective” (Brot für eine Perspektive) by the “Engineers Without Borders” (EWB) university group at the Karlsruhe Institute of Technology. The group had made it their goal to build a bakery for war widows in the north of Sri Lanka. This bakery is intended to secure the livelihoods of the Tamil women and their families, who still suffer from the consequences of the devastating civil war that took place in the region between 1983 and 2009. Over the course of ten months, the team collected 70,000 Euros in donations, most of which came through KITcrowd. We interviewed three EWB members after their return from Sri Lanka.
The advent season rings in the end of a year – a good time to “decelerate” everyday life and to indulge in a review of the past year. We look back at the lovely, collective, and educational events of 2015.
KITcrowd – Crowdfunding for startups
As part of the Founders Forge, the KIT already offers students and scientific employees a wide array of offerings for startup promotion, for instance with consulting, coaching, and seminars. In March, we launched the KIT crowdfunding platform KITcrowd in order to offer KIT founders an additional financing opportunity. Since the launch of the platform, six startup projects and startups have presented themselves. Three of these were successful and able to advance their ideas. More about KITcrowd
A motive for KIT startup teams at upCAT
Twice a year, prospective founders have the opportunity to intensely work on their startup at the KIT accelerator upCAT. An initial idea develops into a concrete business model in three months – supported by entrepreneurial know-how, coaches, and mentors. The Demo Day in March was a complete success. All teams were able to excite the audience of investors and network partners and received valuable feedback on their business cases. On December 7th, 2014, the next round of upCAT will begin! More about the program
Prospective founders considering how best to realize their idea are often faced with the problem of how to finance it. Only few can cover the financial costs for building a business or first products with equity. Therefore, crowdfunding has become established as an alternative form of financing startup projects. But how exactly does crowdfunding work? Continue reading
In keeping of a good tradition, “X-Match” took place on December 15th – the end-of-the-year-party for all company founders and those interested in founding a company at the KIT. Apart from culinary highlights, an exciting framing program concerning the topic of “startup finance” was offered in the usual Christmassy atmosphere in the house of the guest lecturers on the Southern Campus.
With a total of 60 founders, Dr. Andrea Nestl, Dr. Eric Braun, and Dr. Rolf Blattner of the KIT Innovation Management, as well as Ralph Henn of the Center for Entrepreneurship (CIE), the X-MATCH 2014 has grown yet again – a success among the events of the KIT Founders Forge.