Entrepreneurship

Bitkom: Promising billions to German start-ups

September 17, 2024. Today, September 17, the “Startup Germany Summit” will take place with Olaf Scholz, Robert Habeck and Christian Lindner. Together with representatives from the financial sector, they will launch the WIN initiative. With this initiative, the state and industry want to jointly provide up to 10 billion euros in capital for startup financing. At the same time, further framework conditions for start-ups and the venture capital ecosystem are to be improved, for example with regard to IPOs.

Share this Post
Symbolic image Startups / pixabay tungnguyen0905

Contact info

Silicon Saxony

Marketing, Kommunikation und Öffentlichkeitsarbeit

Manfred-von-Ardenne-Ring 20 F

Telefon: +49 351 8925 886

Fax: +49 351 8925 889

redaktion@silicon-saxony.de

Contact person:

As Bitkom President Dr. Ralf Wintergerst explains:

“The WIN initiative is an important signal to start-ups and their investors in Germany. It will facilitate and improve the financing of many German start-ups. It will ensure that young tech companies in Germany grow faster, it will directly strengthen the technology and innovation location and indirectly the entire German economy. In order to remain internationally competitive, we need more digital innovations. Startups play a key role in this.

We have built up an excellent and internationally recognized startup ecosystem in Germany over the years, but there is a lack of capital. Currently, not even a fifth of startups say that there is sufficient venture capital in Germany, and 8 out of 10 have also recently noticed an increasing reluctance among investors due to the economic slowdown. The WIN initiative could be the much-needed signal of a new beginning. In order to close the capital gap in international comparison, further steps must be taken to make Germany more attractive for venture capital overall and to enable German start-ups to grow into European and global champions.”

– – – – – –

Further links

👉 www.bitkom.org 

Photo: pixabay

You may be interested in the following