{"id":11404,"date":"2017-01-20T12:06:45","date_gmt":"2017-01-20T11:06:45","guid":{"rendered":"https:\/\/www.bm-t.de\/v4\/2021\/ilmenau-founders-receive-first-start-up-funding-of-2017-from-bmt\/"},"modified":"2021-01-28T12:26:21","modified_gmt":"2021-01-28T11:26:21","slug":"ilmenau-founders-receive-first-start-up-funding-of-2017-from-bmt","status":"publish","type":"post","link":"https:\/\/www.bm-t.de\/en\/2017-en\/ilmenau-founders-receive-first-start-up-funding-of-2017-from-bmt\/","title":{"rendered":"Ilmenau founders receive first start-up funding of 2017 from bm|t"},"content":{"rendered":"

Shortly after the orig\u00adi\u00adnal found\u00ading of IFESCA GmbH, the founders suc\u00adceeded in secur\u00ading start-up financ\u00ading for their com\u00adpany. The Ilme\u00adnau-based start-up focuses on the devel\u00adop\u00adment and mar\u00adket\u00ading of a cloud-based soft\u00adware solu\u00adtion using arti\u00adfi\u00adcial intel\u00adli\u00adgence. This is intended to solve highly com\u00adplex fore\u00adcast\u00ading and opti\u00admi\u00adsa\u00adtion tasks in the short\u00adest pos\u00adsi\u00adble time and in a com\u00adfort\u00adable way. This inno\u00adv\u00ada\u00adtive con\u00adcept con\u00advinced the Th\u00fcringer Auf\u00adbaubank sub\u00adsidiary bm|t (bm\u2011t beteili\u00adgungs\u00adman\u00adage\u00adment th\u00fcrin\u00adgen gmbh), which con\u00adse\u00adquently invested in IFESCA GmbH via the TSF (Thuringian Start-up Fund) with a six-fig\u00adure sum. This ensured the financ\u00ading of the estab\u00adlish\u00adment of the com\u00adpany as well as the devel\u00adop\u00adment of this inno\u00adv\u00ada\u00adtive soft\u00adware solution.
\nRegard\u00adless of the indus\u00adtry, com\u00adpa\u00adnies have to make a large num\u00adber of deci\u00adsions every day. Deci\u00adsion sup\u00adport sys\u00adtems are used for this pur\u00adpose, but they are reach\u00ading their lim\u00adits due to increas\u00ading dig\u00adi\u00adtal\u00adi\u00adsa\u00adtion (key\u00adword: \u201cIndus\u00adtry 4.0\u201d or \u201cBig Data\u201d) and the result\u00ading flood of data. IFESCA GmbH plans to take this into account on the basis of a com\u00adpletely new soft\u00adware archi\u00adtec\u00adture approach. This approach will make it pos\u00adsi\u00adble to sig\u00adnif\u00adi\u00adcantly increase both the fore\u00adcast qual\u00adity and opti\u00admi\u00adsa\u00adtion qual\u00adity as well as the degree of automa\u00adtion and the per\u00adfor\u00admance of the entire sys\u00adtem com\u00adpared to the use of con\u00adven\u00adtional solu\u00adtions. For the cus\u00adtomer, this will result in enor\u00admous increases in effi\u00adciency and cost sav\u00adings. The first tar\u00adget mar\u00adket is the Ger\u00adman and, in the medium term, the inter\u00adna\u00adtional energy mar\u00adket. The back\u00adground is the founders\u2019 many years of expe\u00adri\u00adence in this area due to their pre\u00advi\u00adous work at Fraun\u00adhofer IOSB-AST. In the energy indus\u00adtry envi\u00adron\u00adment, com\u00adpa\u00adnies are char\u00adac\u00adterised by the fact that they reg\u00adu\u00adlarly have to cre\u00adate fore\u00adcasts of energy quan\u00adti\u00adties or out\u00adputs, which in turn form the basis for cal\u00adcu\u00adlat\u00ading opti\u00admal deci\u00adsions regard\u00ading energy trad\u00ading, energy sup\u00adply, energy con\u00adver\u00adsion and energy trans\u00adport. The young team of spe\u00adcial\u00adists led by Man\u00adag\u00ading Direc\u00adtor Sebas\u00adt\u00adian Rit\u00adter is con\u00advinced that such a high-per\u00adfor\u00admance and user-friendly fore\u00adcast\u00ading and opti\u00admi\u00adsa\u00adtion sys\u00adtem will also arouse inter\u00adest in many other sec\u00adtors, such as the insur\u00adance sec\u00adtor or for\u00adward\u00ading companies.
\nAbout the TSF:<\/strong> The TSF has a vol\u00adume of \u20ac 18.75 mil\u00adlion and can invest up to \u20ac 1.2 mil\u00adlion in young, inno\u00adv\u00ada\u00adtive start-up com\u00adpa\u00adnies from Thuringia in the form of minor\u00adity hold\u00adings. The start-up may not have been founded more than 5 years ago.
\nAbout bm|t:<\/strong> bm|t, based in Erfurt, is a sub\u00adsidiary of the Th\u00fcringer Auf\u00adbaubank and one of the top addresses for invest\u00adments in Thuringia. bm|t cur\u00adrently man\u00adages eight funds with a total vol\u00adume of around 320 mil\u00adlion euros, which invest in inno\u00adv\u00ada\u00adtive com\u00adpa\u00adnies in almost all sec\u00adtors and in all phases of cor\u00adpo\u00adrate devel\u00adop\u00adment, both in the start-up and growth phases or in cor\u00adpo\u00adrate suc\u00adces\u00adsion situations.
\nAbout IFESCA GmbH:<\/strong> IFESCA GmbH was founded in Decem\u00adber 2016 and com\u00adprises a mul\u00adti\u00addis\u00adci\u00adpli\u00adnary team of experts cur\u00adrently con\u00adsist\u00ading of 7 employ\u00adees who have already worked together suc\u00adcess\u00adfully for many years. The young com\u00adpany thus com\u00adbines inno\u00adv\u00ada\u00adtive ideas and visions with many years of expe\u00adri\u00adence in the entire spec\u00adtrum of soft\u00adware devel\u00adop\u00adment for the Ger\u00adman and inter\u00adna\u00adtional energy mar\u00adket, sales, mar\u00adket\u00ading and sup\u00adport, and sci\u00aden\u00adtific expert knowl\u00adedge in the areas of fore\u00adcast\u00ading and optimisation.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Shortly after the orig\u00adi\u00adnal found\u00ading of IFESCA GmbH, the founders suc\u00adceeded in secur\u00ading start-up financ\u00ading for their com\u00adpany. The Ilme\u00ad\u00adnau-based start-up focuses on the devel\u00adop\u00adment and mar\u00adket\u00ading of a cloud-based soft\u00adware solu\u00adtion using arti\u00adfi\u00adcial intel\u00adli\u00adgence. This is intended to solve highly com\u00adplex fore\u00adcast\u00ading and opti\u00admi\u00adsa\u00adtion tasks in the short\u00adest pos\u00adsi\u00adble time and in a comfortable [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[146],"tags":[],"class_list":["post-11404","post","type-post","status-publish","format-standard","hentry","category-2017-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/11404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/comments?post=11404"}],"version-history":[{"count":0,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/11404\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/media?parent=11404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/categories?post=11404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/tags?post=11404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}