1.75 million euros promotion for start-up cultureAalen University, Reutlingen University and Stuttgart Media University receive state funds to support founders

“Spinnovation” compliments the activities of the Innovation Centre

Tu, 09. August 2016

To strengthen the founder spirit of universities, the Ministry of Economics is supporting eleven projects that aim to advance entrepreneurial thinking among students. Aalen University, Reutlingen University, and Stuttgart Media University submitted a convincing proposal for their project “Spinnovation”: 1.75 million euros are being provided by the federal state for three years.

It’s the dream of more and more students to start full speed with their own startup company after completion of studies. To provide them with the skills that are necessary for a successful foundation, the project “Spinnovation”: aims to extend the startup culture and the entrepreneurial thinking in study and teaching. Therefore the expertise of the three universities in Aalen, Reutlingen, and Stuttgart is being combined. Through a variety of events and seminars, which are firmly anchored in the courses of study, the students of all three universities are being sensitized for foundation and are being made aware of the career prospects.

Furthermore the students are now receiving more support in developing their business ideas and preparing precise business models.

Presently there are already quite a few students that are active in the area of founding businesses, regular business plan seminars and offices on campus that are being provided for the founders at Reutlingen University. Thanks to the new “Spinnovation”: project, students can soon be supervised in a better and more individual way. “The primary goal of this project is that every student gets in contact with entrepreneurial thinking at least once during their studies. Even though the student might not want to found a business himself, this topic also is playing a more and more important role in big companies to strengthen their innovative ability“, says Thomas Rehmet, the supervisor of business founders at Reutlingen University.

“The project, which specifically addresses students and will give them the courage and desire to found, extends the activities of the Innovation Center Aalen consistently. It allows the university to make the subject ‘Founding’ even more visible in everyday student life", says Prof. Dr. Gerhard Schneider, rector of Aalen University.

Hartmut Rösch, head of the startup-center at Stuttgart Media University, sees the project as an opportunity to further strengthen the already very strong developed founding culture at the Media University and also sees the chance to reach courses of studies that by now were less founding orientated: “Mainly we want to raise the desire for more responsibility and want to extend the thinking and doing of the students to an entrepreneurial perspective.