Business Angels Starter Fund
The Business Angels Starter Fund Saarland offers special loan financing to start-ups and young micro-enterprises to compensate for a lack of equity or collateral for investments and working capital. This program, characterized by mandatory support from the Business Angels Network Saarland, enables unbureaucratic acquisition of external capital up to €50,000 for starting and growing a business in Saarland.
Who is funded?
The "Business Angels Starter Fund Saarland" program is aimed at start-ups and young micro-enterprises in Saarland who need financing for their commercial or freelance activities. It aims to facilitate access to external capital, especially when collateral or sufficient equity is lacking.
What is funded?
The program supports the start-up and growth financing of start-ups and young companies. The provided loans can be used flexibly for investments and working capital.
Type and Scope of Funding
The "Business Angels Starter Fund Saarland" grants loans with attractive conditions to financially support start-ups and young companies. The funding is available up to €50,000 and is characterized by a grace period free of principal repayments.
Conditions and Requirements
For a successful application and funding through the "Business Angels Starter Fund Saarland", certain requirements must be met, including mandatory support from the Business Angels Network Saarland and compliance with state aid regulations.
Application Procedure
The application procedure for the "Business Angels Starter Fund Saarland" requires the submission of a detailed business plan and a positive recommendation from the Business Angels Network Saarland. The final decision is made by a committee based on this recommendation.
Legal Basis
The legal basis of the "Business Angels Starter Fund Saarland" is a specific funding guideline from the Ministry for Economy, Innovation, Digitalisation and Energy of Saarland, developed in cooperation with important partners.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
€25,000 (up to €50,000 in exceptional cases)
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Saarland (Germany)
Sectors:
Other
Application Type:
Single Applicant
Funding Stages:
Market Introduction, Commercialization
Funding Provider
Program Level:
Regional
Funding Body:
Ministry for Economy, Innovation, Digitalisation and Energy (MWIDE) of Saarland
Managed By:
Sparkasse Saarbrücken, Business Angels Network Saarland (BANS)
Additional Partners:
Saarland Chamber of Commerce and Industry (IHK Saarland)