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Public Funding for Startups

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Englischsprachige Präsentation von Michael Schulte auf der TechMeetup Veranstaltung am 27. August 2013. Er stellte den allgemeinen Förderprozess sowie verschiedene Förderprogramme vor. …

Englischsprachige Präsentation von Michael Schulte auf der TechMeetup Veranstaltung am 27. August 2013. Er stellte den allgemeinen Förderprozess sowie verschiedene Förderprogramme vor.

This is an presentation from Michael Schulte, held at the TechMeetup Event on August 27th, 2013. He described the general process of public funding and a few public funding programmes as well.

Published in: Economy & Finance, Business
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  • 1. www.foerderbar.de Public Funding for Startups Michael Schulte Senior Consultant förderbar GmbH
  • 2. www.foerderbar.de 3  Public funding experts for IT, Internet and Industry 4.0  Team of experienced Senior Consultants  Office in Berlin, working with public funding programmes anywhere in Germany  Full service approach: Our clients have no time to deal with public funding förderbar – Public Funding Consultancy
  • 3. www.foerderbar.de 4 Success Success rate 100% Winning around 15,000,000 € annually for our clients
  • 4. www.foerderbar.de 5 References
  • 5. www.foerderbar.de 6  All programmes support projects, not companies  Individual projects and projects for cooperation  Programmes don‘t usually fund 100% of the costs – company has to invest its own money in the project  Costs of the company that are not included in the project Project Funding
  • 6. www.foerderbar.de 7  Public funding is for those who have already acquired some financing  Leverage of VC Example: Financing of a Company 750,000€ 600,000 € 50,000 € 30,000 € VC R&D funding Revenues Founders' Money
  • 7. www.foerderbar.de 8 Pre-Seed  Exist  Pro FIT-Frühphase (Berlin) R&D  IBB Pro FIT (Berlin)  FuE Brandenburg, FuE Sachsen  ZIM (Federal Ministry of Economics and Technology) Staffing/Employment  Innovationsassistent (in many Federal States available) Overview of Some Relevant Programmes
  • 8. www.foerderbar.de 9  Pre-seed programme for new technology companies without access to VC financing Pro FIT Frühphase • Preparation for an R&D project • 50% grant • 50% loan • Max. 200k € • Angel investment Early Stage 1 Early Stage 2 Growth • Company infrastructure • 100% loan • Max. 500k € • VC financing R&D project (“Anchor” project) • Usually Pro FIT R&D project • Anchor project is a condition for Frühphase!
  • 9. www.foerderbar.de 10 R&D Programme Pro FIT of Investitionsbank Berlin R&D Programme Pro FIT
  • 10. www.foerderbar.de 11  SME with business premises in Berlin  Development of new technologies for a new or an existing product  Project based on work done by permanent employees of the company, plus additional costs  Pro FIT finances three stages of the innovation process  Research  Development  Setup of production, market introduction General Conditions
  • 11. www.foerderbar.de 12  Grants  Subsidised loans  Conditions  Grants: Research, up to 400,000 EUR, up to 70 % of the costs  Loans: Development and market introduction, up to 3m EUR, up to 80 %  Lent term up to 8 years Types of funding
  • 12. www.foerderbar.de 13  Amount of securities for Pro FIT loans  Depends on the amount of the loan  Significant shareholders provide securities  No securities  Financial investors  Shareholders who hold less than 10% per person or less than 25% of the shares altogether  Investments reduce the need for securities Securities
  • 13. www.foerderbar.de 14 Time Frame for Pro FIT Application Prepare documents Submit documents Project outline phase Meeting with technical expert Application phase Decision grant committee First tranches Apr MayOctSep Nov Dec Jan Feb Mar First feedback Final decision Recommendation to submit application
  • 14. www.foerderbar.de 15 Programme Innovationsassistent of Investitionsbank Berlin Innovation Assistant
  • 15. www.foerderbar.de 16  Hire a person who graduated from university less than 2 years ago  Permanent contract or min. 24 months or permanent  Project  IBB gives a grant for the first-year salary  Max. 20,000 EUR  Max. 50%  Do not sign contract before submitting the application Innovation Assistant
  • 16. www.foerderbar.de 17 Vielen Dank für Ihre Aufmerksamkeit! Michael Schulte Senior Consultant förderbar GmbH Die Fördermittelmanufaktur Pascalstraße 10, 10587 Berlin Telefon: +49 30 726 13 23 26 Telefax: +49 30 726 13 23 23 Mobil: +49 172 620 58 51 michael.schulte@foerderbar.de www.foerderbar.de
  • 17. www.foerderbar.de 18 Example: Pro FIT Project Costs Project- related expenses Not project related expenses Salaries of permanent employees Example costs Capital the company needs until break even 80 % of project 20 % of project Pro FIT loan Pro FIT grant Seed investor Financing Revenues Management External costs Market introduction

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