Bosch, Munich University launch accelerator programme

Bosch has launched with Munich Technical University (TUM) a promotional programme to create applications for an existing laser-based distance measuring technology. Start-up companies get free access to the technology if they develop new applications and business models.

In a departure from its previous policy, Bosch opens a proprietary technology to newcomers; hitherto the access to such technologies was restricted to existing customers. The high-precision laser module at hand is already built into products for architects, craftspeople and do-it-yourselfers to survey rooms. By collaborating with TechFounders, TUM's accelerator programme for start-up companies, Bosch hopes to tap new application fields in a variety of industries with its laser technology. The module enables designers to enhance their products with distance data. Possible application fields could be robotics, sports equipment, industrial automation tools or personal gadgets—to name just a few examples. To enable new designs and applications, Bosch provides the module as an open development platform and opens the interfaces.

Sought for are creative start-up companies in the early stage or seed stage regardless of their industry which realise the potential of the laser distance measuring technology and intend to either equip their products with the technology or develop innovative applications. TechFounders coaches at the technology level; in addition, experienced mentors and Bosch entrepreneurs will accompany the candidates during the three months the programme lasts. The teams will also get free office space and access to a high-tech prototype workshop equipped with a large variety of power tools. And, most important, the teams are entitled to receive a development budget of $28,119 (25,000 euros). In contrast to the commercial venture capital practice, the start-up companies do not need to turn in equity of their company.

The deadline for the application is February 27. Nationality of the applicants is irrelevant, but the workshop takes place in Munich.

- Christoph Hammerschmidt
  EE Times Europe