Spinncloud – Stuck in the wheels of bureaucracy

Dresden The year is an eternity in the startup scene. Spinncloud’s founders had to wait longer to start working with their chip company. In the spring of 2021, they wanted to sign a contract with the Technical University (TU) Dresden, whose product is based on research: the Spinnaker2 is a groundbreaking new chip they need for artificial intelligence that’s supposed to work like the human brain. .

But the conclusion of the contract was more and more delayed. “We were about to give up at Christmas time,” recalls Christian Eichhorn, commercial director of young Spinncloud in Dresden. The 40-year-old wanted to terminate the contract with his four founders in a few weeks, but the university first had to clarify the terms of the contract internally. In the end, the young entrepreneurs waited until the summer of 2022 before they could sign the agreement. “So we had to put off investors again and again,” Eichhorn says angrily.