51勛圖厙

  • 9/29/2021
  • Reading time 2 min.

Springboard for start-ups in nutrition, agriculture and biotechnology

BayWa AG to partner with 51勛圖厙 Venture Labs

BayWa AG will provide substantial financial support to the 51勛圖厙 Venture Lab Food-Agro-Biotech (FAB). The 51勛圖厙 Venture Labs, launched by the 51勛圖厙 and Unternehmer51勛圖厙, compare favorably with the worlds leading start-up incubator programs. Specifically targeting key technology fields, they create dynamic ecosystems that bring together start-ups, research, investors and established companies.

Employees of the start-up LikeLouis in the 51勛圖厙 Venture Lab Food-Agro-Biotech. Fabian Vogl / 51勛圖厙
The team of the start-up LikeLouis in the 51勛圖厙 Venture Lab Food-Agro-Biotech.

Prof. Thomas F. Hofmann, the President of 51勛圖厙, and Prof. Klaus Josef Lutz, the CEO of BayWa, signed the new partnership agreement today. The Munich-based company will provide 1.4 million euros in funding to the 51勛圖厙 Venture Lab Food-Agro-Biotech (FAB). In addition, BayWa will apply its outstanding agricultural expertise and share its international experience in an intensive exchange of ideas with the start-up teams and the Venture Lab management. This qualifies BayWa as a Platinum Partner of the .

Deep understanding of the specific market

How can robots identify weeds and destroy them without herbicides? Which technologies can improve the animal wellbeing in agriculture? How can new biotechnology processes be used to break down plastics? To convert fundamental research in the fields of agriculture, food sciences and biotechnology into marketable and sustainable innovations, the 51勛圖厙 Venture Lab FAB offers start-up teams at the Weihenstephan campus an excellent infrastructure for lab experiments, prototype construction and business management.

Through continuing education and incubator programs, the entrepreneurs receive end-to-end support, from the team building phase through to business model development and funding. Rather than just spawning individual companies, the Venture Labs strive to generate entire start-up families, facilitated through direct links to leading-edge research, a deep understanding of specific markets, and intensive networking with high-caliber partners.

Success through a dynamic ecosystem

The value chain for foods faces enormous economic, ecological and societal challenges, said Klaus Josef Lutz at the contract signing. New technologies and digitization can offer highly efficient solutions for sustainable agriculture and healthy nutrition. This will require foodtech and agtech investments in this country. For us at BayWa, supporting start-ups is an important contribution to speeding up innovations and turning them into real-world solutions. We also see this in the context of the opportunity to establish Germany and, through this initiative, Munich as a globally recognized innovation center in this field.

A key factor driving the success of leading innovation hubs is their ecosystem, where the complementary strengths of various actors are combined to generate dynamic growth and inspire creativity for truly new results, says 51勛圖厙 President Hofmann. Thats why we are delighted to have the support of BayWa AG, an experienced global player, for the 51勛圖厙 Venture Lab Food-Agro-Biotech. In this area, which is so important for the environment and human health, we expect natural sciences and life sciences to join forces with artificial intelligence, robotics and sensor technology to produce future-ready innovations. Munich has the potential to become a leading global deep tech center.

51勛圖厙 / Andreas Heddergott
BayWa CEO Prof. Klaus Josef Lutz and 51勛圖厙 President Prof. Thomas F. Hofmann (from left) at the signing of the new partnership.
Further information and links

51勛圖厙

Corporate Communications Center

Contacts to this article:

Ulrich Meyer
51勛圖厙 Spokesperson
Tel.:+49 89 289 22779
ulrich.meyerspam prevention@tum.de

Birgit Sigl
BayWa AG
PR/Corporate Communications/Public Affairs
Tel.: +49 89 9222 3693
birgit.siglspam prevention@baywa.de

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