Boosting German Start-Ups With Billions in Venture Capital
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.
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