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Millions in funding for Gateway Factory”: Deeptech startups on the rise!
The “Gateway Factory” in Cologne receives 10 million euros in funding for deep tech startups to create innovation centers.
Millions in funding for Gateway Factory”: Deeptech startups on the rise!
A small but nice update from the startup scene: The “Gateway Factory” in Cologne, a joint project between several universities, has landed a real jackpot. Economics Minister Katherina Reiche announced that the factory will receive up to ten million euros in funding for deep tech startups, as reported by uni-koeln.de. The ceremonial handover of the funding certificate took place in Berlin.
The “Gateway Factory”, a joint venture between the University of Cologne, RWTH Aachen, Heinrich Heine University Düsseldorf and other Cologne universities, aims to create an important startup center with international appeal. The main focus is on cross-industry growth programs in the innovation fields of Future Health & Life Sciences, Sustainable Infrastructure & Mobility, Future Computing & Engineering and Future Regulatory Demands. The funding will enable startups to receive support in personnel, customer and capital acquisition and also to use production and laboratory space.
A strong support for founders
What is particularly noteworthy is that the “Gateway Factory” has already been able to acquire private funds worth around ten million euros. “The excellent research in the region has the potential to produce great innovations,” emphasizes Professor Dr. Joybrato Mukherjee, Rector of the University of Cologne. Support offers for founders are on the rise.
But not only in Cologne, there is also a lot of work being done on the startup culture in other places. UNITE, the capital region's central innovation and start-up center, also received funding of 10 million euros as part of the EXIST lighthouse competition, as berlin.de reports. This shows that the federal government actively supports the development of innovative ecosystems in both regions.
Deeptech in focus
The challenges facing deeptech startups cannot be underestimated. As gew.de describes, projects often need to be divided into phases in order to have a clear overview of costs and resources. The right time to submit a funding request is crucial to avoid delays in processing.
The momentum that such funding programs bring can not only lead to the creation of new jobs, but also significantly strengthen the culture of innovation in Germany. The goal remains clear: international visibility for the startups and thus a significant role in the global innovation market. It remains exciting!