Innovation Loan 2023
The Hessen Innovation Loan 2023 is a loan program offered by the State of Hessen and the Wirtschafts- und Infrastrukturbank Hessen (WIBank). It supports fast-growing and innovative medium-sized companies, start-ups, and freelancers with investments, working capital, and business transfers, particularly in the area of digitalization. The program aims to increase competitiveness and create and secure jobs in Hessen.
Who is funded?
The Hessen Innovation Loan targets a wide range of innovative and fast-growing companies, including SMEs, small mid-caps, start-ups, and freelancers who have their headquarters or a branch office in Hessen. The funding is aimed at projects that promise sustainable economic success and have a positive effect on the state of Hessen.
What is funded?
The Hessen Innovation Loan finances tangible and intangible investments as well as working capital, with a special focus on digitalization projects. Business transfers and expenses for research and development are also eligible for funding.
Type and Scope of Funding
The Hessen Innovation Loan is granted as a loan with an amount between 100,000 euros and 7.5 million euros. It can cover up to 100% of the eligible expenses. The loan is linked to a mandatory 70% indemnity for the house bank.
Conditions and Requirements
To apply for the Hessen Innovation Loan, specific criteria must be met, including proof of innovation and securing the overall financing of the project. Certain EU aid regulations and environmental standards also apply.
Application Procedure
The application procedure for the Hessen Innovation Loan takes place via the applicant's house bank, which forwards the application to WIBank. The application must be submitted before the start of the project.
Legal Basis
The Hessen Innovation Loan is based on the "Innovation Loan 2023" guideline, a joint action of the State of Hessen and WIBank. Compliance with EU state aid rules, particularly the De-minimis Regulation and the General Block Exemption Regulation, is crucial here.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
7,500,000 €
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Indirect Management Funding
Region:
Hessen (Germany), EU Member States (European Union)
Sectors:
Information and Communication Technology, Research and Development, Other
Application Type:
Single Applicant
Funding Stages:
Product Development, Market Introduction, Other, Process Optimization, Scaling, Commercialization, Feasibility Study
Funding Provider
Program Level:
Regional
Funding Body:
State of Hessen, Wirtschafts- und Infrastrukturbank Hessen (WIBank)
Managed By:
Wirtschafts- und Infrastrukturbank Hessen (WIBank)
Additional Partners:
European Investment Bank (EIB), house bank
Website: