RWTH Begins Construction of the Largest European Tech Incubator
“Startup Centers of Excellence.NRW” offered by the Ministry of Economic Affairs of North Rhine-Westphalia will allow the University to implement its project “Your Venture, Your Way – Leading the Way in Orchestrating Entrepreneurship.” Until 2024, the Ministry will be funding six universities with up to 150 million euros in total.
Europe’s largest fully integrated, so-called technology incubator is to be established in Aachen, Germany. It will be created around the essential core, the “Collective Incubator,” an accelerator program that combines the unique capabilities offered by the greater RWTH community – including the RWTH Aachen Campus entrepreneurs, the six specialist incubators as well as the technology expertise and the entrepreneurial potential of students and researchers. Funding is to begin in May 2019.
Development of New Prototypes and Products in the Shortest Possible Time
RWTH aims to help launch up to 90 business startups annually and, in the long term, create tens of thousands of jobs in North Rhine-Westphalia and the greater Aachen region.
On approximately 3,200 square meters, the “Collective Incubator” will provide space for collaborative work and dialogue between students, researchers and companies. In addition, a 1,000 square meter workshop or laboratory with a focus on metal, electronics, additive manufacturing, wood and textiles is envisaged. This would allow for the development of new prototypes and products in the shortest time span possible.
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