Saxony SME Growth Fund
The Saxony SME Growth Fund offers tailored equity solutions to small and medium-sized enterprises (SMEs) in Saxony. It supports strategic projects such as growth, business succession, and acquisitions by providing equity and equity-like funds. The program aims to sustainably strengthen the innovative capacity and competitiveness of Saxon SMEs.
Who is Funded
The Saxony SME Growth Fund targets growth-oriented small and medium-sized enterprises (SMEs) with their registered office or operating facility in the Free State of Saxony. The aim is to support these companies in their development and strategic projects by providing equity or equity-like funds. Companies from all sectors are eligible to apply, with a focus on highly innovative companies and those with an established market position.
What is Funded
The Saxony SME Growth Fund supports a variety of strategic projects in Saxon SMEs, from business succession to extensive investments and acquisitions. Support is provided through equity and equity-like funds. Projects are supported in their growth and expansion phase, with a focus on companies with a mature business model.
Type and Scope of Funding
The Saxony SME Growth Fund offers flexible financing solutions in the form of open and equity-like participations to meet the specific needs of companies. The participation amount typically ranges between 1 million and 8 million Euros, with flexible terms of 5 to 8 years. This enables companies to implement long-term growth strategies and investments.
Conditions and Requirements
To receive funding from the Saxony SME Growth Fund, companies must meet certain requirements concerning a viable business concept, an established market position, and growth potential. There are no specific conditions regarding consortia, and general state aid rules, especially for companies in difficulty, must be observed.
Application Process
The application process for the Saxony SME Growth Fund is structured and involves a review of the business concept by the fund management and a final investment decision by the participation committee. It is important to contact Wachstumsfonds Mittelstand Sachsen GmbH & Co. KG directly to start the process.
Legal Basis
The Saxony SME Growth Fund is based on specific participation principles that define the operational framework and objectives of the fund. These guidelines are the primary legal basis for the fund's activities and ensure that all participations are in line with the overarching goals of the Free State of Saxony and EU state aid regulations.
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Funding Overview
Funding Status:
Open
Maximum Amount:
8,000,000 €
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Financial Instruments
Region:
Saxony (Germany)
Sectors:
Transportation and Logistics, Information and Communication Technology, Service Sector, Research and Development, Other
Application Type:
Single Applicant
Funding Stages:
Scaling, Commercialization, Implementation
Funding Provider
Program Level:
Regional
Funding Body:
Free State of Saxony
Managed By:
Wachstumsfonds Mittelstand Sachsen GmbH & Co. KG