About us

With the founding of Kraken Innovations GmbH on 19 February 2021, the starting signal was given for the continuous development of the already patented coaxial gearbox and thus the reformation of existing drive systems. The goal is a symbiosis of hardware and software for a networked industry.


The team has been employed since summer 2021 and is pushing development within the innovation-driven, open culture.


For the further realisation of the technology, projects, analyses and tests are carried out together with existing and new partners.


Dec 22

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.

Dec 22

Onboarding investor – SFG

With the addition of a second investor, Steirische Wirtschaftsförderungsgesellschaft m.b.H. SFG, the first round of financing ends successfully. As a subsidiary of the province of Styria, SFG supports the upcoming growth and promotes further innovations in connection with the patented gearbox solution.

Nov 22

SPS 2022 Exhibition Nuremberg

Together with Nanotec Electronic GmbH & Co. KG, the innovative gearbox concept was presented for the first time at the SPS trade fair. SPS (smart production solutions) stands for digital automation.

Nov 22

Nomination PHÖNIX Start-up Award

The PHÖNIX Start-up Award underlines the importance of Austria as a location for innovation. The prize was awarded by the Federal Minister for Digitalisation and Business Location and the Federal Minister for Education, Science and Research. In the category “Prototypes”, the gearbox solution was chosen among the best five projects.

Nov 22

#2 Newsletter

Our second newsletter was published on 02.11.2022 and is available here.

Oct 22

Nomination S&B Award

Kraken Innovations was nominated as one of the top 10 projects for the S&B Award 2022. The prize is awarded annually by the Rudolf Sallinger Fund for early commercialisation ideas based on a scientific achievement.

Sep 22

Company of the Month

Kraken Innovations was voted “Company of the Month September” in a public vote, an initiative of the Styrian Business Promotion Agency SFG.

Jun 22

AWS Seedfinancing

In June, the funding programme was approved, providing an essential basis for the upcoming market launch and closing the gap between prototypes and market-ready gearboxes. Kraken Innovations GmbH is hereby funded by Seedfinancing – Deep Tech of the BMDW and the BMK handled by aws.

Mar 22

#1 Newsletter

Our first newsletter was published on 23.03.2022 and is available here.

Feb 22

Onboarding investor – Nanotec

At the beginning of the year, a significant milestone was reached – the onboarding of an investor. Nanotec Electronic GmbH & Co. KG, a German company specialising in the production of high-quality motors and controllers, not only participates as a shareholder, but also supports with industry knowledge in the field of drive solutions.

Jan 22

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).

Dec 21

Microsoft for Startups programme

At the end of 2021, Kraken Innovations GmbH was accepted into the Microsoft for Startups programme. It provides valuable cloud resources for the patented transmission concept and enables faster access to potential customers.

Nov 21

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.

Oct 21

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.

Sep 21

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.

Aug 21

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.

Jun 21

Trade registration

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

May 21

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.

Feb 21


On 19 February 2021,  Kraken Innovations GmbH, based in Graz, was founded by Philipp Eisele, Michael Michelitsch and Daniel Fürhapter. Therefore, the official start of a strong future in the field of intelligent drive technology was made.

Jan 21

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.