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Englischsprachige Präsentation von Michael Schulte auf der TechMeetup Veranstaltung am 27. August 2013. Er stellte den allgemeinen Förderprozess sowie verschiedene Förderprogramme vor. This is an presentation from Michael Schulte, held at the TechMeetup Event on August 27th, 2013. He described the general process of public funding and a few public funding programmes as well.
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www.foerderbar.de
Public Funding for Startups
Michael Schulte
Senior Consultant förderbar GmbH
www.foerderbar.de 3
Public funding experts for IT, Internet and Industry 4.0
Team of experienced Senior Consultants
Office in Berlin, working with public funding programmes anywhere in Germany
Full service approach: Our clients have no time to deal with public funding
förderbar – Public Funding Consultancy
www.foerderbar.de 4
Success
Success rate100%
Winning around 15,000,000 € annually
for our clients
www.foerderbar.de 5
References
www.foerderbar.de 6
All programmes support projects, not companies
Individual projects and projects for cooperation
Programmes don‘t usually fund 100% of the costs – company has to invest its own money in the project
Costs of the company that are not included in the project
Project Funding
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Public funding is for those who have already acquired some financing
Leverage of VC
Example: Financing of a Company
750,000€600,000 €
50,000 € 30,000 €
VC
R&D funding
Revenues
Founders' Money
www.foerderbar.de 8
Pre-Seed
Exist
Pro FIT-Frühphase (Berlin)
R&D
IBB Pro FIT (Berlin)
FuE Brandenburg, FuE Sachsen
ZIM (Federal Ministry of Economics and Technology)
Staffing/Employment
Innovationsassistent (in many Federal States available)
Overview of Some Relevant Programmes
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Pre-seed programme for new technology companies without access to VC financing
Pro FIT Frühphase
• Preparation for an R&D project
• 50% grant• 50% loan• Max. 200k €• Angel investment
Early Stage 1 Early Stage 2 Growth
• Company infrastructure
• 100% loan• Max. 500k €
• VC financing
R&D project (“Anchor” project)• Usually Pro FIT R&D project• Anchor project is a condition for Frühphase!
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R&D Programme Pro FIT of Investitionsbank Berlin
R&D Programme Pro FIT
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SME with business premises in Berlin
Development of new technologies for a new or an existing product
Project based on work done by permanent employees of the company, plus additional costs
Pro FIT finances three stages of the innovation process
Research
Development
Setup of production, market introduction
General Conditions
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Grants
Subsidised loans
Conditions Grants: Research, up to 400,000 EUR, up to 70 %
of the costs Loans: Development and market introduction, up
to 3m EUR, up to 80 % Lent term up to 8 years
Types of funding
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Amount of securities for Pro FIT loans
Depends on the amount of the loan Significant shareholders provide securities
No securities
Financial investors Shareholders who hold less than 10% per
person or less than 25% of the shares altogether
Investments reduce the need for securities
Securities
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Time Frame for Pro FIT Application
Prepare documents
Submit documents
Project outline phase
Meeting with technical expert
Application phase
Decision grant committee
First tranches
Apr MayOctSep Nov Dec Jan Feb Mar
First feedback
Final decision
Recommendation to submit application
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Programme Innovationsassistent
of Investitionsbank Berlin
Innovation Assistant
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Hire a person who graduated from university less than 2 years ago
Permanent contract or min. 24 months or permanent
Project
IBB gives a grant for the first-year salary
Max. 20,000 EUR Max. 50%
Do not sign contract before submitting the application
Innovation Assistant
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Vielen Dank für Ihre Aufmerksamkeit!
Michael SchulteSenior Consultant
förderbar GmbHDie FördermittelmanufakturPascalstraße 10, 10587 Berlin
Telefon: +49 30 726 13 23 26Telefax: +49 30 726 13 23 23Mobil: +49 172 620 58 51
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Example: Pro FIT Project
Costs
Project-related
expenses
Not project related
expenses
Salaries of permanent employees
Example costs
Capital the company
needs until break even
80 % of project
20 % of project
Pro FIT loan
Pro FIT grant
Seed investor
Financing
Revenues
Management
External costs
Market introduction