The time was used to design a detailed business concept and write a business plan. In cooperation with Fraunhofer venture were identified strengths and weaknesses revealed. The financing concept need for developing has been designed, associated applications to the proper funding and appropriate risk capital. For example, funding for the Federal Ministry for education and research, as well as with the Association of industrial research associations are Otto von Guericke”e.V. requested. Close interaction of Fraunhofer institutes and the venture work parallel started developing products, a step that is only possible in close cooperation with customers. At a start-up that quickly from industry and research departments to establish contacts to potential first customers. Pinterest has plenty of information regarding this issue.
Here the toothing of the Fraunhofer-venture team made with the individual Fraunhofer institutes positive impact. Especially Prof. Dr. Ralf Wehrspohn, Director of the Fraunhofer Institute for mechanics of materials IWM, supported the founders with expertise and helped to establish first contacts with companies. Many hurdles have been successfully taken until now.
Now the founding team in the private sector must demonstrate the special feature of its product portfolio. The close contact to Fraunhofer venture will remain; the participation models are designed for a long-term cooperation. The expected proceeds of the Fraunhofer-Gesellschaft flow over a profit-sharing to fund further research in the field of nano technology. About Fraunhofer venture: The Fraunhofer venture is a partner of founders, startups, Fraunhofer institutes, industry and investors. Young companies through access to Fraunhofer technologies, infrastructure and expertise offers the opportunity to establish themselves with their products on the market faster and better to over 4,500 patent families. The range of services of Fraunhofer venture includes the complete support and advice from the idea until the founding of the company. The spectrum covers the areas of creation, technology, financing and investment management. The team sees itself as a point of contact for those who are looking for innovative technologies, support, and marketing. The venture team consists of experts from the business and contracts. This will complement the existing technological competence of scientists.