A new startup funding program has been launched in Bavaria: The goal of the "Start?Zuschuss!" funding program is to support technology-oriented start-ups in their initial phase and to help them establish themselves on the market.
New companies in the field of digitalization with a particularly future-proof, innovative business model can apply for the funding. The company must have been founded no more than two years ago. Funding includes expenses for rent and personnel, product launch, and research and development. These expenses are subsidized at a maximum of 50 percent for a maximum period of one year, with a monthly grant of up to €3,000.
First the competition, then the promotion
Anyone wishing to apply for funding must first compete in a competition. A jury selects the 20 most promising business models. There are two application phases per year, with 10 companies receiving funding each. Application deadlines generally run between mid-May and mid-July and between mid-November and mid-January. Funding then begins either April 1 or October 1.
Once all applications have been received, they will be forwarded to the jury for evaluation.
