The European Investment Fund (EIF) and the Fraunhofer-Gesellschaft are launching the Fraunhofer Tech Transfer Fund under the European Commission’s InnovFin programme with a total volume of €60 million. They will be supported by the European Fund for Strategic Investments, EFSI, which is the central axis of the Juncker Plan. The aim is to commercialize the intellectual property generated at the Fraunhofer-Gesellschaft from its 72 thematic Fraunhofer Institutes across Germany. The agreement is also supported by InnovFin, the European programme for innovative small and medium businesses. The two complementary partners – the EIF as an expert in fund structures and Fraunhofer as Europe’s largest application-oriented research institution – want to bridge the gap in early commercialization phases and grow more high-tech start-ups in Germany and Europe.
The Fraunhofer-Gesellschaft is an integral part of the German innovation system, the largest applied research organisation in Europe and a model for applied research organisations worldwide. This is the first time that the EIF is promoting technology transfer from a public research body in Germany. Fraunhofer Technologie Transfer Fonds GmbH, a company specially established for this purpose, will have an exclusive opportunity to identify and finance spin-offs and licensing models from Fraunhofer institutes at an early stage of the innovation process. By providing funding for spin-offs and licensing models from Fraunhofer institutes, Fraunhofer Technologie Transfer Fonds GmbH will also create incentives for the research community to take its findings to market.
The fund is being managed by German Tech Transfer Management GmbH, based in Munich. More information at https://www.fttf.fraunhofer.de/en.html