START:IP is an initiative of INiTS and aims at supplying entrepreneurs with technology-based business ideas as well as at the commercialisation of academic and industrial research. We select cutting-edge technologies from Austria, Hungary and Slovenia, offer them to entrepreneurs willing to bring in their experience and support the newly formed teams in kicking off successful startups. 4 parties benefit from START:IP:
For founders, START:IP provides access to mature cutting edge technologies.
Business Angels or institutional investors such as VCs or corporations can use START: IP as an additional source of deal flow.
Universities can use START:IP as a platform to market their research results and interact with founders and investors to identify new commercialization possibilities and use cases.
Companies can use START:IP as a tool to broaden the application of their IP, accompany interesting startups from an early stage on and, thereby, drive open innovation.
Besides a large market potential, technologies are selected for START:IP if they have the potential to be developed into market-ready products/services within less than three years and manageable funding requirements (<1 Mio €).