FFG General Programme

For the development of the integrated sensor concept and the implementation of a predictive maintenance solution, we are starting the project "Smart Gear" together with our partners from science and industry, which is supported by the FFG within the framework of the basic programme funding (FFG no.: FO999890970).

What happens next?

The current technical focus is on the integration of sensors as well as the development of a holistic drive module including aspects such as predictive maintenance, machine learning, communication interfaces, etc. In addition, the focus in the coming months will be on preparations for market entry, including demo projects with partner companies.

Patent registration No. 3 - Koaxialgetriebe

With the patent application "Koaxialgetriebe", with priority 16 November 2021, a new functional principle for the kinematics of the gearbox was registered.

First round financing

Six months after the foundation of Kraken Innovations GmbH, the first talks with potential investors started in October 2021. This was to cover the high capital requirements in the area of R&D.

Trademark protection

The trademark "Kraken Innovations" was registered in the European Union in June 2021. The official granting as an EU trademark followed in September 2021.

Transfer of patents

Both inventions (“Koaxialgetriebe” and “Getriebemotor”) were developed and patented by joint research with TU Graz. The granted patents and further patent applications were acquired from TU Graz in August 2021. All future IPs of the ongoing cooperation will be filed directly by Kraken Innovations GmbH.

Trade registration

Kraken Innovations GmbH is a member of the Styrian Chamber of Commerce in the trade of mechatronics for machine and production technology.

SFG & FFG Funding

As one of five start-ups, Kraken Innovations GmbH was granted the Start!Klar Plus funding (SFG) in Mai 2021. The money was used to finance initial business activities. Furthermore, in May 2021, FFG agreed to fund additional patent applications regarding the transmission concept.

Incubation Science Park Graz

The business model was further defined by participating in the Science Park Academy. A convincing final pitch led to the incubation by Science Park Graz on 1 January 2021. Since then, they have supported the company's development with their comprehensive expertise.

Patent registration No. 2 - Getriebemotor

With priority 28.07.2020, the patent "Getriebemotor"  was registered at the Austrian Patent Office. The patent includes an electric motor into the gear structure.