TLDR:
€69 million in venture and equity capital are available for start-ups and SMEs in Hamburg through two new funding schemes. The schemes target growth-oriented SMEs and social entrepreneurs, aiming to provide impetus for Hamburg’s economy and strengthen the city’s financial and business center. The initiatives are part of the ‘Hamburg Finance Masterplan 2021-2025’.
Article:
A total of €69 million in venture and investment capital is available for growth-oriented SMEs in Hamburg through the “Regio Inno Growth” initiative, which includes the “Inno Venture Fund” by IFB Innovationsstarter GmbH and the “Hamburg Inno Growth” launched by the Mittelständische Beteiligungsgesellschaft Hamburg (mbH). Start-ups can receive up to €7 million from the “Inno Venture Fund”, with private investors playing a significant role in the financing. Additionally, under the “Hamburg Inno Growth” scheme, silent partnerships of up to €2.5 million are possible for SMEs with innovative business models.
The new funding schemes also cater to social entrepreneurs, providing grants to those who meet the requirements. The goal is to create a strong ecosystem for local social enterprises in Hamburg. This initiative is part of the ‘Hamburg Finance Masterplan 2021-2025’, aimed at strengthening the city’s financial services sector in the long term and positioning it in European competition.
With over 100 fintechs in Hamburg, the city is becoming a key financial hub. The aim is to further solidify Hamburg’s position as a financial and business center, in line with the goals of the ‘Hamburg Finance Masterplan 2021-2025’. The initiatives are expected to provide a much-needed boost to the local economy and innovation ecosystem.
