Mission Statement
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| "We double the number of Spin-offs at Swiss Universities by providing seed money for free." |
CHF 8.1 Million Seed Money "for free"
By the start of 2007, venture kick supported more than 220 spin-off projects with amounts ranging from CHF 10’000 to 130’000 – and they are non-refundable!
So far the startup projects benefited from over CHF 8.1 million in seed money and generated a financing volume of over CHF 250 million.
Initial analysis shows: the incorporation of 165 companies has been initiated by the money granted to researchers of Swiss universities as starting capital for innovative business ideas. This has resulted in the creation of about 1600 jobs and triggered a total funding volume of approximately CHF 250 million by external sources (business angels, venture capitalists, CTI projects, banks, awards etc.).
Each month, 8 prospective entrepreneurs present their projects to a top-class jury consisting of leading startup experts and investors: 4 of them are granted CHF 10’000 each and qualify for level 2 (CHF 20’000). After another six months at the latest, the best teams participate in level 3 (CHF 100’000). Precondition for getting the final CHF 100’000 is the incorporation of the company.
venture kick is an initiative of private donors and financed by the foundations of GEBERT RÜF, ERNST GÖHNER, OPO, AVINA and FONDATION 1796.
The six portrayed startups have been accompanied by venture kick from idea to incorporation. Each project has been supported with CHF 130’000. These startups have convinced further investors and triggered significant financing volumes.