2024-09-17 17:55:08
Business
Startups
Economy

Boosting German Start-Ups With Billions in Venture Capital

Image used under license from Shutterstock.com

Germany is set to bolster its start-up ecosystem with a massive infusion of 12 billion euros by 2030. This initiative, supported by the traffic light coalition and major financial players like banks, insurance companies, and asset managers, aims to enhance structures and increase venture capital for start-ups.

Federal Finance Minister Christian Lindner sees promising investment willingness but cautions against excessive state interventions. KfW CEO Wintels emphasizes the need for more private investors, noting that 30 billion euros annually are essential for innovation financing.

The Digital Association Bitkom hails the initiative as a crucial step to strengthen international competitiveness, as only 20% of start-ups currently find sufficient venture capital, and 80% witness growing investor reluctance. Prominent companies like Allianz, Commerzbank, and Deutsche Bank are among those committed to this investment.

The move, backed by Chancellor Olaf Scholz and Economy Minister Robert Habeck, aims to reduce investment barriers and mobilize private funds for innovative technologies. The Start-up Association calls for tripling venture capital investments by 2030 to close an annual financing gap of around 30 billion euros, addressing the significant value loss as numerous young firms opt for overseas IPOs.

heise online
17. September 2024 um 10:30

Start-ups to Receive Billions | heise online

Economy
Finance
Politics
Federal Minister of Economics Habeck sees hope in the financing of start-ups. The WIN initiative of the federal government and private donors, including Christian Sewing and Allianz CEO Oliver Bäte, is to invest until 2030. Olaf Scholz, Christian Lindner and others want to provide up to ten billion euros in capital. Bitkom President Wintergerst sees the initiative as an important signal that will facilitate and improve the financing of many German start-ups. The Startup Association is calling..
Tagesschau - Wirtschaft und Börsen-Nachrichten
17. September 2024 um 15:49

Young Technology Companies More Money for German Startups?

German startups are struggling with skilled labor shortages, hesitant investors, and high administrative overhead. The Federal Association of Startup Companies is presenting an innovation agenda. The venture capital market is significantly larger in other countries than in Germany.
DER SPIEGEL
17. September 2024 um 17:33

Twelve Billion Euros for Start-Ups - DER SPIEGEL

Economy
Finance
Technology
The traffic light coalition and representatives from the financial sector aim to invest 12 billion euros in start-ups by 2030 to strengthen Germany's competitiveness. Finance Minister Lindner praises the investment willingness but warns against state interventions. KfW CEO Wintels states that more private investors are needed.
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