David Dung, Frederik Wolf, Christopher Grossert and Christian Wahl were successful in spinning-off methods used within Focus Area 4 to produce laser beam-forming components for industrial purposes. Now the startup was selected for the “EXIST Research Transfer” funding program of the German Federal Ministry for Economic Affairs and Energy and the European Social Fund. The funding of around 750,000 euros is intended to help the founders take their promising approach from research to industrial application. Congratulations to the entrepreneurs!
The entrepreneurial team will be facing various challenges within the next 18 months. “The biggest technical challenge is to transfer what we create on a small scale to the large scale. From microscopic structures, as needed in science, to the centimeter-sized structures needed for industrial use – and without compromising quality,” explains Christian Wahl of Midel Photonics. In addition to these technical aspects, the final company foundation is also on the agenda during the funding phase.
Furthermore, the founders must establish a viable business model with a sales concept and, if possible, acquire follow-up financing. Investors enable start-ups to grow quickly in order to conquer the market. This is also the goal of Midel Photonics. Here, the team can draw on the business management experience of co-founder Frederik Wolf through his dual studies in business administration.
Read more in the German press release of the University of Bonn
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