TLDR:
Germany has committed to investing €12B by 2030 to strengthen its startup and VC ecosystem. This alliance of businesses, associations, politics, and KfW aims to promote growth and innovation financing in Germany, with a focus on venture capital. The initiative was launched at the suggestion of Federal Finance Minister Christian Lindner and is supported by Federal Chancellor Olaf Scholz and Federal Minister for Economic Affairs and Climate Protection Dr. Robert Habeck.
Key points:
- The German government, KfW, financial sector, and players from the startup ecosystem join forces to invest around €12B by 2030 in the German venture capital ecosystem.
- The initiative aims to strengthen Germany as a financial and economic location, with contributions including direct investments in growth and innovation capital, financial support for the ecosystem, and structural contributions.
Institutions like Allianz, AXA Germany, Federal Chancellery, Federal Ministry of Finance, and more have signed a letter of intent to support the initiative. Federal Chancellor Olaf Scholz and Federal Minister of Finance Christian Lindner have expressed their support for the WIN initiative, emphasizing the importance of growth financing for Germany’s innovation strength.
Overall, the alliance of businesses, associations, politics, and KfW sees WIN as an ongoing initiative to monitor the implementation of measures and financial contributions, emphasizing the need to attract additional private investors to finance innovation in Germany.
