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MIL OSI Translation. Region: Germany / Germany –

Source: Federal Ministry of FinanceThe € 2 billion package of measures for startups announced on April 1, 2020 is available. The Federal Ministry for Economic Affairs and Energy and the Federal Ministry of Finance have worked out the details of the package of measures together with the Kreditanstalt für Wiederaufbau (KfW) and KfW Capital in the past few weeks. “Today there is good news for founders: the aid package for start-ups -ups stands. With the start-up protection shield, the federal government is quickly and effectively helping this important growth sector, which has many thousands of employees in Germany. It is about getting young, innovative companies through the corona crisis well. We need the new and creative ideas of the start-ups and the young technology companies to get off to a full start after the crisis. It is clear that we use taxpayers’ money with a sense of proportion. ”Dr. Jörg Kukies, State Secretary in the Federal Ministry of Finance “Covid 19 must not lead to our highly innovative companies being slowed down on their growth path. That is why we worked hard to ensure that the € 2 billion package of measures is ready and can now be used by start-ups and small and medium-sized companies. This is how we secure jobs and innovations in Germany. ”Thomas Jarzombek, BMWi representative for the digital economy and start-ups With the € 2 billion package of measures, start-ups and small and medium-sized companies are to be targeted with a future-proof business model. The package of measures is based on two pillars: Pillar 1 so-called Corona Matching Facility: On the one hand, venture capital funds are provided with the additional public funds through the new Corona Matching Facility, so that investors can continue to benefit from highly innovative and promising start-ups during the Corona crisis finance. This is to ensure that young companies can continue on their growth path even in the current phase. Via the Corona Matching Facility, the existing cooperation with public partners, such as KfW Capital and the European Investment Fund, is used to quickly make public funds available to start-ups via venture capital funds. Pillar 2 for start-ups and Small and medium-sized companies (without access to Pillar 1): For start-ups and small and medium-sized companies that do not have access via the Corona Matching Facility, additional ways of securing their financing are opened. To this end, there will be close cooperation with the federal states, including through cooperation with national companies.

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