BMW takes TUM innovation into overdrive

Germany-based automotive manufacturer BMW is partnering Technical University Munich’s (TUM) Centre for Innovation and Business Creation on a new accelerator for tech startups.

TechFounders will aim to introduce BMW to technologies, products, and services at an early stage coming out of TUM, and will offer the company to collaborate with startups.

The announcement was made alongside the unveiling of BMW’s Startup Garage to allow both the company and its venture unit BMW I Ventures to foster links with startups.

Matthias Meyer, innovation manager at BMWE, said: “We’re looking for good startups and not good inventors. Anyone thinking of applying needs to bring along not just a great idea, but a great team as well. After all, only a top-flight team can make ideas work successfully.”