The start-up socialbee, a product of the Technical University of Munich (TUM), has been honored with the 2021 Audi Generation Award. Zarah Bruhn founded the company in 2016 during her TUM Master's degree studies in Business and Technology. socialbee works to actively integrate recognized refugees and socially disadvantaged individuals in the labor market and in society.
The entrepreneurs Andreas and Thomas Strüngmann have committed 25 million euros in funding over the next 10 years to promote the development of UnternehmerTUM, Europe’s largest center for innovation and business creation, and the establishment of the new TUM Venture Labs. Established by the Technical University of Munich (TUM) and UnternehmerTUM, the Venture Labs provide world-class support infrastructure for start-ups, each in its own dedicated technology field.
BayWa AG will provide substantial financial support to the TUM Venture Lab Food-Agro-Biotech (FAB). The TUM Venture Labs, launched by the Technical University of Munich and UnternehmerTUM, compare favorably with the world’s leading start-up incubator programs. Specifically targeting key technology fields, they create dynamic ecosystems that bring together start-ups, research, investors and established companies.
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.