The incubator will welcome spinouts from seven universities to its program, set to launch in mid-October.
Austria-based technology incubator Inits has introduced its StartIP initiative, a program specifically geared towards establishing spinouts.
The program’s partners include University of Graz, TU Graz, TU Wien, FH Campus Wien, Medical University of Vienna and University of Vienna as well as the latter two institutions’ joint venture Max Perutz Laboratories.
The program will officially launch on October 16 with a team-building exercise at Vienna University of Technology. The different teams will receive exclusive access to technology pre-selected by the TTOs of the aforementioned universities and by Inits to build spinouts.
The technologies include a real-time optimisation technique of data transfer in telecoms networks, a therapy to stop honey bee larvae from dying from a bacterial infection and a platform to determine if children’s pharmaceuticals taste bitter without the need for animal testing.
The program will conclude with an event in mid-January 2018, when the teams will pitch to various funding bodies and companies.
