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The Institute for Laser Technology in Medicine and Measurement Technique (ILM) is supported by the same name non-profit foundation under civil law. Mission of the Institute is applied research and the transfer of developed technologies into industrial and medical practice.

The basic financing of the ILM is done by the Ministry of Economy, Labour and Housing of Baden-Württemberg. Founders also support the Institute's work with an annual donation. The major part of the budget is generated by projects.

With further 11 institutions ILM represents the Innovationsallianz (Innovation Alliance) Baden-Württemberg.