The Federal Ministry of Education and Research has allocated capital to institutions such as University of Potsdam to bolster technology transfer activities.
The Federal Ministry of Education and Research’s Innovative Hochschule initiative yesterday announced the first batch of universities to receive funding that will support technology transfer efforts.
A total of 48 institutions out of 118 applicants have been allocated cash and will receive the money over the course of five years beginning in 2018.
The recipients include 35 universities of applied sciences, 12 universities and colleges of education as well as one art and music academy.
Among them is University of Potsdam, which is set to receive €6.8m ($7.7m). The university is expected to use the money to support its tech transfer office Potsdam Transfer, non-profit affiliate Up Transfer and the Go:Incubator program as well as create partnerships with industry.
The Innovative Hochschule program was set up in May 2016, aimed particularly at small to medium-sized universities as well as institutes of technology.
It will provide a total of €550m in funding by 2027 to boost tech transfer capabilities, support partnerships with local industry and bolster regional ecosystems.
The initiative will hold a second selection process in 2021 and 2022, with the funding supplied from 2023.
