"InnoBooster", a new funding line for Venture Kick startups
03.09.2018
The Venture Kick family gets a new member! On 3. September 2018, Gebert Rüf Stiftung launches "InnoBooster", a new funding line open to all Venture Kick participants having successfully passed stage I at least. It supports top talents with university-based, high-potential business cases with up to CHF 150,000.
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The aim of InnoBooster is to substantially accelerate market entry of deep tech spin-offs. For this purpose, Gebert Rüf Stiftung reserved the sum of CHF 2.5 million p.a., integrating the previous DesignPlus funding program.
InnoBooster aims at speeding up innovative, science-based deep tech business cases which have already entered the Venture Kick process and promise high market potential. Up to CHF 150,000 for a maximum of 1.5 years can be granted to top talents with a clear plan and funding need for accelerated market entry.
Jordi Montserrat, co-managing director of Venture Kick, is convinced of the need for such a funding line: "In the deep tech field, founders are still struggling to get the necessary means in order to really work early stage with potential costumers. For founders, InnoBooster will be an essential asset to speed up their access to the market."
Dr. Franziska Ullrich, CEO of medtech startup Ophthorobotics, Venture Kick stage 2 winner 2017, adds: "Especially a funding which lasts for 1.5 years, such as InnoBooster, would really help to close the gap between the academic project work moving towards a clinical prototype, that then also can attract funding from external sources."
Projects applying to InnoBooster must meet the following requirements:
More details about InnoBooster as well as a proposal form can be found at venturekick.ch or grstiftung.ch.
InnoBooster aims at speeding up innovative, science-based deep tech business cases which have already entered the Venture Kick process and promise high market potential. Up to CHF 150,000 for a maximum of 1.5 years can be granted to top talents with a clear plan and funding need for accelerated market entry.
Jordi Montserrat, co-managing director of Venture Kick, is convinced of the need for such a funding line: "In the deep tech field, founders are still struggling to get the necessary means in order to really work early stage with potential costumers. For founders, InnoBooster will be an essential asset to speed up their access to the market."
Dr. Franziska Ullrich, CEO of medtech startup Ophthorobotics, Venture Kick stage 2 winner 2017, adds: "Especially a funding which lasts for 1.5 years, such as InnoBooster, would really help to close the gap between the academic project work moving towards a clinical prototype, that then also can attract funding from external sources."
Projects applying to InnoBooster must meet the following requirements:
- The project must be in the Venture Kick process.
- The project must be rooted at a Swiss university or research institution.
- The project must provide proof of scientific quality through a letter of endorsement from a funding program such as BRIDGE Proof of Concept, Pioneer Fellowships, Innogrant or similar, as well as proof of entrepreneurial potential through a letter of endorsement from (potential) customers, investors or industry partners.
More details about InnoBooster as well as a proposal form can be found at venturekick.ch or grstiftung.ch.