The history of Fraunhofer Venture

Fraunhofer Venture

History

History

To account for the growing foundation spirit in the Fraunhofer institutes, the Fraunhofer Venture was established in 1999 with the objective of sustainably supporting scientists on their way to founding their own technology companies.

In 2002, Fraunhofer Venture was honored for its services with the foundation award of the German federal ministry for education and research, presented by the Karl Heinz Beckurts foundation.

Since its establishment, more than 400 foundation concepts have been developed, approximately 150 spin-off foundations supported and roughly 90 participations set up.

Fraunhofer-Gesellschaft

The Fraunhofer-Gesellschaft is Europe’s leading organization for applied research. It implements application-oriented research for the direct benefit of companies and the society. Contract partners include industrial and service companies as well as public authorities.

The company maintains 59 institutes at over 40 sites throughout Germany. Approximately 17,000 employees generate the annual research volume of 1.6 billion €., roughly two thirds of which are produced by the Fraunhofer-Gesellschaft from orders placed by industrial clients and publicly financed research projects. International cooperation is fostered by subsidiaries in Europe, the USA and Asia.