Premiere for the TUM Deep Tech IDEAwardCategory: Award
The TUM Deep Tech IDEAward was presented yesterday for the first time. The new award is part of the Global DeepTech Venture Initiative, launched by TUM and UnternehmerTUM in 2020 to support teams from other countries in creating successful start-ups in the Munich region. The goal of the initiative is to establish the region as Europe’s best deep-tech ecosystem. Along with 40,000 Euros in prize money to work on their start-up, the winning teams will each receive a 10,000 Euros scholarship to support the relocation to Munich.
First place: Koralo
As global demand for fish continues to grow, most wild stocks are overfished and aquaculture operations are often damaging to the environment. The Koralo team has created a microalgae based alternative that emulates the taste and texture of fish. For this purpose, they have advanced a traditional fermentation technique. Their product is rich in nutrients and is cheaper to produce than fish products. Before setting up operations in Munich, the team was cooperating across borders from locations in Brazil, India and the Netherlands. It will now be part of the TUM Venture Lab Food/Agro/Biotech.
Second place: Holloid
The laboratories and manufacturing facilities in the pharmaceutical, food and biotech industries and many other sectors spend considerable time and effort in collecting and analyzing numerous samples to monitor certain processes, for example to detect bacteria. The Holloid team has developed a microscopy technology for the real-time, 3D analysis of bacteria, algae, yeasts, microplastics and other particles. The technology assembles the captured information in the form of a hologram that can be used to generate concise graphic representations and trigger automatic warnings. The Austrian team is also being funded by the TUM Venture Lab Food/Agro/Biotech.
Third place: FARBE
Digital works of art, especially in the form of non-fungible tokens (NFTs) are transforming the art world. However, many galleries, museums and other institutions are having difficulty in finding their way into this new market segment due to the complexity and technological challenges. To help them, the FARBE team has created a marketing and presentation platform. It will enable users to create digital exhibitions and auctions and to conduct blockchain-based verifications of works of art. This team was also initially set up across multiple countries, including Mexico and Pakistan.
Every year TUM spawns 70 to 80 technology-focused start-ups. TUM and UnternehmerTUM support them with programs tailored to the various phases of building a business – from creating the business model to management training, and from market entry to a possible IPO. The TUM Venture Labs offer an entire research ecosystem for start-up teams working in important scientific fields. Up to 30 teams can use offices in the TUM Incubator to prepare for the launch of their companies. Through its own venture capital fund, UnternehmerTUM invests in tech companies displaying strong potential. With MakerSpace, it provides a 1500 square meter high-tech prototype workshop. According to the “Gründungsradar” rankings, no German university provides better support for student start-ups.
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