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Source: LF GmbH & Co. KG announcement
MUNICH — LF GmbH & Co. KG, developers of LIQFRIC® , is one of eight tech startups from Europe and the Americas which have been carefully selected (from more than 120 applicants) to participate in the 15th cohort of the TechFounders startup accelerator program.
The Munich-based accelerator program of UnternehmerTUM, Europe’s leading center for innovation and business creation, will support these young companies in their growth over the next 20 weeks. The startups were scouted in cooperation with the TechFounders Batch #15 corporate partners CLAAS, Datev, HP Tech Ventures, Knorr-Bremse and Miele.
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Over the next five months, TechFounders will support the startups with individual training, coaching and mentoring to scale their companies and prepare them for the next round of financing. The program ensures that sustainability is anchored at the core of every company: A variety of different program modules enables the participating startups to think about their overall economic and ecological impact. In this way, the startups can maximize their positive social contributions while reducing negative externalities.
The selected startups will also conduct a pilot project with one of TechFounders’ corporate partners – a recipe for ensuring long-term success.
The future of the selected startups looks bright: 86 percent of the 137 alumni startups of the TechFounders program are still active. Since 2015, TechFounders alumni startups have raised a total of almost €470 million in funding capital and created over 3.000 jobs, which contributes significantly to the growth of the European startup ecosystem.
Success stories like Konux, ProGlove, Arculus or Inveox prove that the TechFounders concept works.
LIQFRIC®
LF GmbH & Co. KG with their brand LIQFRIC® develops tailor-made compounding solutions for the friction industry with the aim of reducing energy consumption and improving carbon neutrality. The product is a versatile friction material (focus: vehicle brakes), which significantly reduces fine particle emissions and is capable of reducing CO2 emissions by at least 85 percent during the manufacturing process, as it is cast rather than pressed (industrial partner: Knorr-Bremse).
