The Spinncloud co-founders had to endure over a year of bureaucracy before they could start work at their chip company.
(Photo: Spinncloud)
Dresden A year is an eternity in the start-up scene. Spinncloud’s founders had to wait even longer to get started with their chip company. In the spring of 2021, they wanted to conclude a contract with the Technical University (TU) Dresden, on whose research their product is based: Spinnaker2 is a groundbreaking new chip that they need for artificial intelligence that is supposed to function like the human brain.
But the conclusion of the contract was delayed further and further. “We were about to give up at Christmas time,” remembers Christian Eichhorn, commercial director of the young Dresden company Spinncloud. The 40-year-old wanted to finalize the contract with his four co-founders within a few weeks, but the university first had to clarify the terms of the contract internally. Ultimately, the young entrepreneurs waited until the summer of 2022 before they could sign the agreement. “We therefore had to put off investors again and again,” says Eichhorn angrily.
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