Start-ups
Germany Introduces Billion-Euro Start-Up Support
The “WIN Initiative” is a public-private program aimed at increasing the venture capital available to fledgling companies.
Sep 18, 2024
The initiative will see the German government and a number of high-profile names from the private sector, including Deutsche Bank, Commerzbank, DZ Bank, Allianz, Blackrock and the Bayerische Versorgungskammer, invest EUR 12 billion between now and the end of the decade.
The program was announced at the Start-Up Summit Germany in Berlin, which was attended by German Chancellor Olaf Scholz, Finance Minister Christian Lindner and Minister for Economic Affairs and Climate Action Robert Habeck.
“Together with the [state investment bank] KfW and the financial sector, we have developed measures to improve conditions for investment in growth and innovation capital and to overcome hurdles to such investments,” said Habeck in a statement.
“Alongside the Economics Ministry’s start-up financing instruments, the WIN Initiative aims to create a robust environment for young companies, start-ups and scale-ups in Germany. The spirit of innovation is the basis for the ecological and sustainable transformation of our economy and society.”
