Five year anniversary of glaTec (CH) Business Incubator
Swiss Empa (material and sciences, belonging to the ETH Federal Institute of Technology, Zurich) has been running glaTec, a business incubator
Actually, there are twelve start-ups that have taken up tenancies at glaTec, tackling the most varied of challenges. The five year anniversary offered customers, investors and guest the opportunity to get to know both the Business Incubator and the fledgling companies.
Even at an early stage of business development of a young company, markers are laid down that massively impact the company’s chances of future success. In doing so, every start-up must face its own unique challenges. While one company may be focussing on premises and establishing contact with other researchers, others requite help with market surveys or require coaching regarding discussions with potential investors.
It is clear, not just anyone can take up residence in the glaTec Empa Technology Centre. The selection procedure involves a strict project evaluation by the glaTec advisory committee. A dozen entrepreneurs, CTI start-up experts, marketing, economic, legal and financial experts put are exploring the applications with regard to their innovation potential, market relevance and the proposed business model. Consideration is also given as to whether the young entrepreneurs have th potential to implement their business plans. If all is positive, Empa decide whether the company is to be accepted into its ”Incubinator”.
The actual glaTec tenants are spin-offs from Empa, Eawag and ETH, external start-ups and R&D activities outsourced by companies. They deal with the most varied of subjects, dedicting themselves to the development of optical instruments for aerospace travel, marketing measuring systems for the wireless monitoring of buildings, developing intelligent hospital bed add-on systems, producing a self-heating bivouac tent, researching ceramic foams for heat insulation or getting a procedure that biochemically analyses and sorts grain by the tonne up and running. However, all of these have one thing in common, they can’t count on professional help and support from glaTec. They have gathered experts into their team – for instance experts in financial matters – or draw on the support of experienced business experts to assist them with negotiations.
This strategy is often crowned with success for glaTec companies and this is not unnoticed by business circles. Just recently, 100 experts declared the category” QualySense”, glaTec ranks 10 in the list of the 100 best start-ups in Switzerland. In the category “compliant concept”, glaTec ranks 34th. Monolitix, another spin-off specialising in flexible components for mechanical engineering has been nominated for the renowned De Vigier Prize 2013.