A successful project has many «parents»
Projects are rarely highly successful in a short space of time. On the contrary, they often take a long time to come to fruition. On the project side, the quality of the ideas and the team behind the project are crucial, as are staying power and more than a little determination. On the project sponsors' side, the key requirements are the courage to take a calculated risk and a willingness to provide project assistance. Staying power is sometimes also called for when it comes to project support.
Start-up and initial funding
All projects would be well advised to seek several sources of support. Various private and public-sector grant-making institutions minimize the risk of «pouring support funding down the drain» by adhering to the principle of residual financing. Gebert Rüf Stiftung bases its support on a different principle: with targeted start-up and initial funding, it provides «venture capital» and gives a project the capability to qualify for follow-on funding. In certain cases it will assist a project in the consolidation phase and until it achieves financial independence.
Criteria for success
- The project idea has gained acceptance.
- The project has found «new parents» who need to take less risk, or has achieved financial independence.
- General: The transfer of science/research/tertiary education to society/business has been a success; Implementation has brought practical benefits.
- In particular in the case of product or service-based projects: The proof of principle has been demonstrated; The development of products or services can begin; The prototype provides a successful basis for broad application; The project management has acquired the patent rights; Initial steps have been taken to launch a start-up.
Presentation of success
Support success stories emerge in very different ways, depending on the type of project, the project theme, the scientific discipline, the duration and scale of project support and the type of project assistance. Every project supported by Gebert Rüf Stiftung is made accessible by means of a website presentation which also provides information on the results.