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On top of our own research and development activities, we invested a seven-digit sum in the High-Tech Gründerfonds (HTGF) III fund in the reporting year. It was launched on May 31, 2017, with a fund volume of €245 million in first closing. Like its two predecessors, the newly launched fund is intended to support promising technology start-ups and to bring new products to the market.
The fund has been set up to provide support in a wide range of areas: robotics, Internet of Things (IoT), energy, medicine and biotechnology as well as chemistry and software. By investing once again, we will gain a better insight into the high-tech start up scene in Germany. This contribution will help us to gain access to new technologies and find cooperation partners.