Munich is to gain a status of European Innovation Hub

Munich is to gain a status of European Innovation Hub

In the future the Technical University of Munich (TUM) and UnternehmerTUM, Center for Innovation and Business Creation, will be supporting teams from other countries seeking to launch deep-tech start-ups in the Munich region.

TUM is joining forces with University of Applied Sciences Munich and LMU Munich to turn Munich into Europe’s leading ecosystem for deep-tech fields such as artificial intelligence and robotics. This initiative has now been selected to receive funding under the federal EXIST Potentials program.

The German Federal Ministry for Economic Affairs and Energy announced its decision on applications for the EXIST Potentials program in Berlin today. Over the next four years, 142 universities will be supported in their efforts to promote start-ups. A new aspect in this iteration of the EXIST program is the goal of positioning Germany as a global player for science-based start-ups.TUM succeeded in securing funding with its concept TUM Global DeepTech Venture. It will work with UnternehmerTUM to support start-up teams from other countries in setting up locations in Munich to turn transformative technological advances into market-ready products. The focus will be on artificial intelligence, robotics, additive manufacturing and sustainable mobility – all of them strong research fields at TUM.

Read more.

Source: “Munich for track on status as European Innovation Hub”, Technical University of Munich