The plans for a new start-up and innovation center Nothing stands in the way for Munich: the city council has given the green light for the project.
As already reported, the joint project between the city and UnternehmerTUM The focus is on the topic of "Smart City." A meeting place for international teams is planned. UnternehmerTUM offers special support programs for this purpose. A total of 40 international startups are expected to be established.
Opening planned for 2019
Starting in 2017, the 10,000 square meter site of the creative quarter at Leonrodplatz will house office and event space, coworking spaces, and a maker space. The City of Munich is providing the land on a long-term lease and the connections to the city. UnternehmerTUM is contributing its leading European expertise and networks and will cover the costs of construction and operation of the new building.
The opening of the new start-up and innovation center is planned for 2019.
Contacts with technology companies and venture capital
The focus is on, among other things, close connection with the Munich university landscapeTUM and Munich University of Applied Sciences are already close partners in this area, particularly through the TechFounders, which currently has around 100 companies in its network, is to intensive cooperation between the innovation center and established technology companies The TechFounders network currently includes major players such as Siemens, Munich Re, and BMW. The goal is to connect the technological ideas of the founding teams with suitable established companies.
At the same time, Interfaces to the venture capital scene to make venture capital available to the approximately 40 founding teams in addition to the usual public funding.
The teams are typically expected to work for 12 months at the Startup and Innovation Center in the Creative Quarter. Afterward, they will move to other Munich startup centers.
