Entrepreneurship and Innovation | GTEC
German Tech Entrepreneurship Center
The German Tech Entrepreneurship Center (GTEC) is the first private-sector, open campus for entrepreneurship in Europe. Located on the ESMT Berlin campus, GTEC brings together technology-based startups, international corporations, academic institutions, accelerators, venture capital funds, and business angels to support innovative entrepreneurs during the early phases of their ventures. The center integrates teaching and research, and acts as a springboard for innovation in Germany and beyond.
GTEC was founded by ESMT Berlin and founding partners Henkel, RWE, Globumbus Foundation, Sigmund Kiener Foundation, and the law firm Noerr.
One of the key ways GTEC supports entrepreneurship is through the GTEC Lab, a 12-month support program for tech startups. The GTEC Lab provides free office space, prototyping facilities, business and tax consulting, and direct access to a network of investors and strategic partners. In contrast to standard accelerator programs, the unique value proposition of the GTEC Lab supports startups for 0% equity, no strings attached.
Best Practice: Parlamind
12 months ago, armed with little more than an idea and the right combination of tech and business expertise across its four co-founders, the startup Parlamind became one of the first startups to be accepted into the GTEC Lab. Read the interview with Chris Wolf, founder and CEO in “‘The perfect environment for highly innovative startups’ – Parlamind talks about one year in the GTEC Lab” on GTEC blog.