ERDF Participation Fund
The ERDF Participation Fund Bremen supports young, innovative companies in the State of Bremen that are in their post-start-up and market entry phases and face difficulties in accessing finance. The program, co-financed by the European Regional Development Fund (ERDF), promotes working capital and investments in product development, market launch, or business expansion through open participations and subordinated loans. It is a central building block of Bremen's Regional Innovation Strategy.
Who is Funded
The ERDF Participation Fund Bremen supports young, innovative companies in the State of Bremen that face difficulties in accessing finance during their post-start-up and market entry phases. The aim is to strengthen their innovative capacity and enable growth.
What is Funded
The funding targets working capital and investments required for product development, market launch, or the necessary expansion of business operations during the post-start-up and market entry phases of young, innovative companies.
Type and Scope of Funding
The ERDF Participation Fund Bremen offers financing in the form of open participations and supplementary subordinated loans, with staggered maximum amounts depending on the type of company and location.
Conditions and Requirements
Specific state aid provisions apply to the funding, as well as detailed requirements for application and subsequent proof obligations.
Application Procedure
The application for the ERDF Participation Fund Bremen must be submitted in writing and requires detailed information about the company and the financing project. The procedure includes an assessment of the innovation content, as well as the economic and technical plausibility.
Legal Basis
The ERDF Participation Fund Bremen is based on a specific guideline and is legitimized and regulated by a network of EU and national laws and regulations.
Similar Programs
Funding Overview
Funding Status:
Closed
Maximum Amount:
1,200,000 EUR
Open Until:
31.12.2023
Award Channel:
Individual Aid
Region:
Bremen (Germany)
Sectors:
Other
Beneficiaries:
innovative companies
Application Type:
Single Applicant
Funding Stages:
Product Development, Market Introduction, Scaling, Commercialization
Funding Provider
Program Level:
Regional
Funding Body:
Senator for Economy, Labor and Ports
Managed By:
BAB Beteiligungs- und Managementgesellschaft Bremen mbH (BBM)