20. Mai 2022
We're thrilled to share an incredible opportunity in honor of the 10th anniversary of the IECT Summer School. Our shareholders, including Hermann Hauser Investment GmbH, Segnalita GmbH, and Tyrolean Business Angels GmbH, have decided to offer a €100,000 investment in the form of a convertible loan note to one participant of the IECT Summer School 2024.
Here's a detailed breakdown of what this opportunity entails:
💼 Investment Amount: €100,000
📍 Criteria: All participants of the I.E.C.T. – Summer School 2024 are eligible to receive the investment. Factors such as country of origin, technology, and industry sector of the venture will not be decisive. The founder with the highest potential, as determined by the investors, will be selected. The investment will be granted following a positive due diligence process.
🏆 Winner Announcement: The recipient of this investment will be announced at the Celebration Dinner following the Demo Day.
🤝 Contractual Arrangements: The investment will be structured as a convertible loan note. To ensure the investment terms are founder-friendly, a trust and syndicate agreement will be established among the three institutions. This means that only one entity will assume the convertible loan note, simplifying the process for all parties involved. The winner will also receive a letter of intent from the investors on the demo day.
📅 Timeline: After the Demo Day on August 28th, 2024, the chosen winner will have 18 months to incorporate their company (if not already done) and access the investment.
This investment initiative underscores our commitment to fostering academic entrepreneurship. It offers aspiring researchers and entrepreneurs the opportunity to receive financial support to realize their vision.
Die I.E.C.T. - Challenge richtet sich an Deep-Tech-Start-ups und akademische Spin-offs, die bereits auf dem Markt sind und bereit sind, den nächsten großen Schritt zu gehen. Ihr Produkt oder ihre Dienstleistung sollte potenziell einen positiven Einfluss auf den Alpenraum haben. Sie suchen Investoren und / oder strategische Partner und sind bereit zuwachsen.