Three scientists from ITA win 24th NUK business plan competition

11/05/2020
The ITA scientists Dr Robert Brüll, Alexander Lüking und Richard Haas (from left to right) Copyright: ITA

The ITA scientists Dr Robert Brüll, Alexander Lüking and Richard Haas (from left to right) won first prize in the 24th NUK Business Plan Competition with "FibreCoat" on May 6. The ITA team is happy to receive prize money of 7,500 Euros. Due to Corona, the award ceremony took place in the context of a live event from Cologne transmitted via YouTube.

 

NUK patron Prof. Dr. Andreas Pinkwart, NRW Minister for Economic Affairs, Innovation, Digitalisation and Energy, highlighted the importance of that event for other founders and delivered a laudatory speech for our winning team:

"FibreCoat uses a high-speed fibre spinning system to produce a high-performance fibre reinforced composite at very low cost, outperforming its competitors and creating sustainable mobility. The "high-performance fibre reinforced composite" material class can be used in a wide range of new applications and supports society on a path to sustainable mobility.

The jury’s verdict is: "This raw product could act as a real “Gamechanger” reaching a large number of markets and customers. The high level of competence in the founding team is convincing with the provided business plan."

Twice a year, the professional association „NUK Neues Unternehmertum Rheinland e.V. “organises a business plan competition and selects the winners out of the 8 best teams. The best teams are allowed to pitch their business idea to a large audience and have the chance to win prize money with a total value of 12.500 €. NUK is made up of leading business enterprises and aims to promote and develop the profession of entrepreneur and New Entrepreneurship in the long term.