Professors are key players in the area of founding. They can bring about inspiration early on in their teachings and raise awareness for this option in one’s life. However, they can also recognize opportunities for a promising startup in the research sector and either found a startup themselves or motivate others in their surroundings to seize this opportunity. Furthermore, they are important as mentors in consulting and supervising young founders with their experience, technical competency, and diverse contacts.
Founding a company with a scientific basis is a significant challenge, be it during one’s studies or as a new graduate. Alongside learning, tests, and lectures, a business model needs to be developed, the market observed, and a finance plan created. Funding means enabling a first step in order to create the necessary breathing room for this development. However, the willingness of the employer is especially important for scientists who take this path. Continue reading