Start-ups: Bundesregierung startet 25-Milliarden-Initiative fürs Start-ups
Das Start-up-Förderprogramm WIN geht Insidern zufolge in die zweite Auflage. Die neuen Milliarden sollen verstärkt auch von Pensionskassen und Versorgungseinrichtungen kommen.
The German federal government plans to launch a 25-billion-euro initiative to support start-ups, doubling the previous billion-pound funding. According to the Handelsblatt, three sources familiar with the plans have confirmed this. The second phase of the WIN initiative, aimed at assisting young companies, is set to begin in the coming weeks.
For the first time, funds will be sought from pension funds, foundations, and welfare institutions, something that has been lacking in Germany's start-up sector so far. WIN stands for "Wachstums- und Innovationskapital für Deutschland" – a program designed to improve the tax, legal, and financial conditions for new businesses. Despite efforts to bolster the German startup location, bureaucratic and financial conditions are still considered ripe for improvement.
Particularly during the growth phase, when young companies focus on building structures and boosting revenue, Germany lacks adequate capital. According to a KfW survey, over three-quarters of investments in start-ups in the first quarter of the year came from abroad, significantly more than in the previous two quarters.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
