kraken

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.

Employees

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

Partners

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

MILESTONES

2022
Sep 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.

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).

2021
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

Founding

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.

2020
Jul 20

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.

Jun 20

AWS Funding

The project “Smart Gear” was initially funded by the Institute of Production Engineering (TU Graz) and subsequently by the AWS funding “large prototype funding”. Hence, Kraken Innovations GmbH could develop the innovative gear technology thoroughly.

2019
Jul 19

Patent registration No. 1 – Koaxialgetriebe

A patent for the innovative gearing concept with pistons as transmission elements was filed with the Austrian Patent Office on 26.7.2019 (priority date).

Jul 19

1st place Gründungsgarage Vol.XII

With the support of “Gründungsgarage”, the academic startup accelerator of TU Graz, a business model was developed together with mentors. The idea clearly convinced the jury in the final pitch and was chosen as the winner of Volume XII 2019.

Jan 19

The idea for the gearbox

The idea for a new, revolutionary gearbox, the “Smart Gear”, was initiated by Michael Michelitsch and Philipp Eisele. It started within their Master’s studies at Graz University of Technology at the beginning of 2019. The initial considerations were quickly transformed into a clear vision.