The start-up TWAICE has been awarded the TUM Presidential Entrepreneurship Award for its research-based business success. The companies Retorio and Capmo reached the final of the competition. The software products of the TUM spin-offs enable effective batteries, intelligent personnel selection and efficient construction site processes.
Around 2,000 visitors were virtually on the move yesterday at the first all-day Entrepreneurship Day organized by TUM and UnternehmerTUM, the Center for Innovation and Start-ups. After start-up presentations, workshops and discussions with guests from business and science, TUM presented the Presidential Entrepreneurship Award. The jury pays particular attention to business ideas that are significantly based on research results, a high growth potential and initial financing successes. The prize is endowed with 10,000 euros, donated by the Bund der Freunde der TUM.
1st place: TWAICE
The performance of batteries will play a decisive role in determining whether renewable energies and electric vehicles can be used on a widespread basis in the future. TWAICE has developed software to optimize and analyze lithium-ion batteries. The various functions of the product can be used along the entire life cycle of a battery: Companies can improve development, plan strategies for efficient application and monitor the condition of the batteries in use.
The basis for the technology, which also works with machine learning, was developed by the founders Dr. Michael Baumann and Dr. Stephan Rohr in their doctoral theses at the Chair of Automotive Engineering. The founding of TWAICE 2018 was supported by TUM and UnternehmerTUM, including in the incubator program XPRENEURS and with an investment from UnternehmerTUM’s venture capital fund, UVC. TWAICE already has 70 employees.