The TUM Venture Labs support researchers and students in founding start-up companies at the interfaces of engineering and natural sciences as well as life sciences, AI/IT and medicine. The joint initiative by TUM and UnternehmerTUM gives start-up founders a comprehensive ecosystem with the necessary development environments.
Business incubator UnternehmerTUM, which is an an-institute of TUM, and the Bavarian capital city of Munich sponsor the Munich Urban Colab. TUM intends the Munich Urban Colab to foster more intensive interdisciplinary exchange and to generate impulses for establishing more start-ups from the scientific sector. Start-ups, established companies, researchers, creative people and artists will interact with the city administration and the general public in the new building.
The international significance of the Munich Urban Colab is demonstrated among other things by the list of participants at the official inaugural ceremonies, to take place on June 28, starting at 2:15 pm. European Commission President Ursula von der Leyen will give a speech, and appearances will be made by TUM President Thomas F. Hofmann, Munich's mayor Dieter Reiter and the UnternehmerTUM Supervisory Board Chair Susanne Klatten.
The Munich Urban Colab will feature over 11,000 square meters of space for offices, co-working spaces, event and seminar rooms, the high-tech prototype workshop MakerSpace and a public café. UnternehmerTUM will cover the construction costs, amounting to approximately 30 million euros, as well as the operating costs; the city of Munich is providing the land based on a lease in perpetuity.
