TUM wins funding to support startups
TUM is taking the lead in positioning Munich as a European Innovation Hub. Our TUM Global DeepTech Venture concept aims to encourage startups in the fields of artificial intelligence (AI), robotics, additive manufacturing and sustainable mobility – all strong research areas at TUM.
The TUM Global DeepTech Venture has now won the support of the EXIST program run by the German Federal Ministry for Economic Affairs and Energy (BMWi). TUM will receive government funding for the next four years to work with UnternehmerTUM, the Center for Innovation and Business Creation, to help startups from outside Germany to open offices in Munich. The aim is to help these young companies turn transformative technological advances into market-ready products. TUM Global DeepTech Venture will also provide targeted coaching and networking with spin-offs from TUM, other companies, the research community and government bodies.
With the help of the EXIST program, TUM and UnternehmerTUM can support new companies in their development phases, from designing a business model and management training to market entry and IPO. Already, more than 70 technology companies are established each year at TUM.
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