Entrepreneurship News

Not all entrepreneurs who found social enterprises are driven by idealism. Some of them see societal crises as an opportunity to realize their ambition to set up a company of their own. This was one conclusion of a German-US study of social enterprises established in 2015 in response to the plight of refugees. Because the founders' motivations also impact the strategy of prosocial ventures, the insights gained in the study can help to improve efforts to support start-ups.

The start-up TWAICE has received the TUM Presidential Entrepreneurship Award in recognition of its research-based entrepreneurial success. The other finalists were Retorio and Capmo. The software products of the three TUM spin-outs facilitate powerful batteries, intelligent staff selection and efficient processes on construction sites.

Quality of life in the city of the future is the focus of the new Munich Urban Colab research and creative center, to open on Monday, June 28. The Technical University of Munich (TUM) will participate in the center with several projects, among them the Venture Labs.

The first German start-up worth ten billion dollars was launched at TUM: after crossing this threshold, Celonis is now the second most valuable start-up in Europe. The provider of software that helps companies analyze and improve their business processes was established by three students with the support of TUM.

In the THE Impact Rankings, the Technical University of Munich (TUM) secured the top spot in the world in the category industry, innovation and infrastructure. This ranking covers research output as well as patents, start-ups and working relationships with companies.