Impossible Founders boosts startups at the interface between science and business - especially in green technologies, new materials, artificial intelligence and data science. Initiated by Michael Otto Foundation and the Joachim Herz Foundation, the non-profit organisation works closely with the University of Hamburg, the Hamburg University of Technology and the DESY research centre.
Grant from federal government "milestone for Hamburg"
The City of Hamburg has secured over €50 million in funds for deep-tech startups after the recently-founded Startup Factory "Impossible Founders" received €10 million from the German Ministry of Economics and Energy, a press release said Thursday (July 10, 2025) . This will be supplemented by over €40 million from Hamburg-based companies and foundations. The Startup Factory in the Speicherstadt digital hub aims to get more science-based spin-offs off the ground. The factory will be officially launched on November 1, 2025. The ministry is funding ten EXIST Startup Factories to establish more deep-tech startups in Germany.
Interface between science and business
Impossible Founders - "milestone for Hamburg"
"Impossible Founders has the potential to become a beacon in Hamburg's innovation ecosystem," said Norbert Aust, President of the Chamber of Commerce in Hamburg. "The project proves impressively hat Hamburg as a centre of science offers excellent conditions for more researchers to become successful founders." In the long term, Impossible Founders should help establish Hamburg as a leading centre of deep-tech innovations. The funding is thus a milestone in terms of Hamburg's strategy, said Aust. The Ministry for Economics and Energy (BMWE) is funding ten EXIST Startup Factories to establish more deep-tech startups in Germany.
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