Start-ups
German Government Increases Start-Up Funding
Germany is giving fledgling high-tech companies access to an additional EUR 1.75 billion in capital.
Feb 13, 2024
The money will come from a strategic reserve of Germany’s so-called Future Fund and the European Recovery Program. It is aimed at start-ups in areas like artificial intelligence and climate, quantum and biotechnology.
Existing partnerships with institutional investors will also be intensified, with more money coming from the private sector.
“We can now better support innovative start-ups that invest in future technologies,” said German Minister for Economic Affairs and Climate Action Robert Habeck. “In addition to the EUR 1.75 billion in public money we’re investing, there will be at least the same amount of private funds. We’re talking about a minimum of EUR 3.5 billion that will be availble for investment in the German venture capital market.”
The first products associated with these initiatives are expected to be ready by the end of the year.
