ALPHA GALILEO: KIT and Partners Launch Global Horizon Program

Alpha Galileo issued the following announcement on Jan. 15

Green light for the Global Horizon Program. Karlsruhe Institute of Technology (KIT) has acquired EUR 2.2 million funding for the next phase of the EXIST program of the Federal Ministry for Economic Affairs and Energy (BMWi). KIT will be made the hub of international technology startups.

“Young entrepreneurs from KIT have demonstrated again and again how a good idea can be turned into an innovation for the common good. As society, we depend on their entrepreneurial acting and courageous thinking to reasonably and constructively cope with the challenges of our time,” says the President of KIT, Professor Holger Hanselka. “But a successful startup does not develop in a vacuum. Entrepreneurial spirit and specific funding belong together. The EXIST program has proved to be a highly successful instrument in supporting startups and spinoffs at KIT. I am very happy that we can continue to work along this line with the Global Horizon Program at KIT and I congratulate all parties involved in this success.

“International überzeugen” (internationally convincing), under this heading, KIT submitted a proposal for funding in the next project phase of four years under the EXIST funding program. And the proposal of KIT convinced the experts. Together with the universities of Mannheim and Heidelberg, KIT plans to connect the startup scenes as well as the founders in Karlsruhe and in the Rhine-Neckar region with the world. The BMWi will fund this Global Horizon Program (GHPro) for strategic internationalization of startup support with EUR 2.2 million in the next four years. In this way, KIT plans to become the single most important interface between technology startups in Southwest Germany and the global markets.

“For more than two decades, we have systematically developed startup support at KIT with the help of EXIST,” says Professor Thomas Hirth, KIT Vice-President for Innovation and International Affairs. “During this time, we have not only funded a number of highly successful startup teams, but also established instruments, such as co-working, incubators, and accelerator programs. Now, we will specifically focus on internationalization. Our successful proposal of the Global Horizon Program with strong cooperation partners shows that we are on the right way.” Apart from the universities of Mannheim and Heidelberg, associated partners of GHPro are Karlsruhe University of Applied Sciences (HsKA), the Karlsruhe Gründerallianz (startup alliance), the Cyber Forum, and Fraunhofer Venture. DAX companies, such as Merck, SAP, or BASF, have promised their support.

KIT as an International Startup Hub

Within the alliance, the cooperation partners Heidelberg University, KIT, and Mannheim University plan to pool their competencies and develop new offerings. KIT will act as first entry point for startups from the region that wish to open up global markets, talented entrepreneurs, and investors from abroad. “KIT already is an internationally visible deep-tech competence center,” says Thomas Neumann, who is responsible for startups and participations at KIT and was among the developers of the new concept. “As a university, we have excellent international networks. Now, we plan to specifically use and extend them for startup support.” KIT pursues more than 1000 collaborative projects in more than 70 countries at more than 450 places, which have largely focused on research and academic education so far.

Original source can be found here.