In 2016, Dr. Klaus Schröder created NP Life Science Technologies KG together with JKU professors Oliver Brüggemann and Ian Teasdale (Institute for Polymer Chemistry). The scientists conduct research to develop medical products that help restore the function of damaged tissue. Dr. Schröder and his team created a concept to produce an implant designed to accelerate nerve healing. The implant not only improves a patient’s quality of life, but also reduces the costs to the healthcare system. The concept impressed the Science4Life Venture Cup panel of experts and Dr. Schröder added: “I am delighted that our concept was chosen from among the various high-profile business ideas and motivated entrepreneurs.”

The Science4Life Venture Cup was created to encourage budding entrepreneurs to start a business based on their idea. The competition includes areas in the fields of life sciences, chemistry and energy. NP Life Science Technology KG was one of 10 winners from among over 98 submissions. Each winner received prize money in the amount of €1000.