04 January 2020 – Increased capital funding for start-ups and small to medium businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved: Industry interventions
Level of Jurisdiction: National
Lead People/Agency:

Overview: The German Government provided an additional €2 billion financial support for start-ups, early stage technology companies and small and medium sized businesses. The money will be used to expand venture capital financing so that funding rounds for German start-ups can continue.

Public venture capital investors will be provided with additional public funds in the short term, which can be used for start-up funding rounds. Fund of funds investors — KfW Capital and the European Investment Fund — will be provided public funds to buy shares from defaulting fund investors.
Full details here: https://www.bmwi.de/Redaktion/DE/Pressemitteilungen/2020/20200401-sart-ups-bekommen-2-milliarden-euro.html