Augur SCMT created the SOCIUS Mittelstandfonds, a fund that helps companies with “hidden champion” status or potential and which normally do not have access to the capital market to grow. Augur SCMT consciously focuses on minority shareholdings and, as a partner for succession, transformation and growth issues, makes technological developments from over 1000 Steinbeis centres available to medium-sized companies.

Rainer Gehrung, Managing Director and Co-founder of SCMT GmbH, and Siegfried Jaschinski PhD, Member of the Augur Capital Investment Committee, said: “Through our share in EIT InnoEnergy we are part of the world’s largest ecosystem for sustainable energy innovations and can bring it together with the Steinbeis network. Helping as many of these promising new companies as possible to break into the market is a shared interest and strength of InnoEnergy and Augur SCMT. By joining forces, we can make an important contribution to the success of the energy transition. This has never been more crucial than right now.”

Christian Müller, CEO of EIT InnoEnergy Germany, commented: “With its deep roots in German SMEs, its investment expertise and its network, Augur SCMT is the ideal partner for EIT InnoEnergy and its portfolio. We are united by the approach of acting as a strategic partner to our portfolio companies far beyond providing financial resources, for example through links to industry. This will turn today’s ‘hidden champions’ into tomorrow’s unicorns.”