Innovative Company Start-ups (InnoStartBonus)
The InnoStartBonus is a funding program of the Free State of Saxony that supports innovative and sustainable business start-ups in their early phase. It is characterized by a living allowance that helps founders develop their innovative business ideas into products, services, or business models. The program aims to reduce barriers to founding and enable the successful implementation of start-up projects in Saxony.
Who is Funded: Target Groups and Geographical Coverage
The InnoStartBonus is aimed at natural persons who are seeking to establish an innovative and sustainable company in the Free State of Saxony. The funding supports founders in developing their business ideas and increasing the likelihood of successful implementation. There are specific requirements for applicants, as well as exclusions for certain founding teams and recipients of state social benefits.
What is Funded: Projects and Innovations
Innovative business ideas and start-up projects with high market potential or that represent a significant improvement of a product or service with increased customer benefit are funded. The funding is specifically aimed at the living expenses of the founders and does not cover any other project costs.
Type and Scope of Funding
The InnoStartBonus is granted as a fixed living allowance. The monthly funding amounts to 1,050 Euros per founder and can be claimed for a maximum of twelve months. Additionally, a monthly supplement for dependent children is provided.
Conditions and Requirements
The granting of the InnoStartBonus is tied to various conditions, including the submission of an idea paper and adherence to certain time limits for company formation. Specific regulations regarding de minimis aid and participation in accompanying appointments also apply.
Application Procedure: From Idea to Funding
The application process for the InnoStartBonus is multi-stage and competitive. It begins with the submission of an idea paper via an online portal to futureSAX GmbH, followed by selection by an expert panel. After a positive recommendation, the formal application is submitted to Sächsische Aufbaubank (SAB), which decides on the application within four weeks.
Legal Basis of InnoStartBonus
The InnoStartBonus is based on a guideline of the Saxon State Ministry for Economic Affairs, Labour and Transport and is regulated by specific budgetary provisions of the Free State of Saxony as well as European de minimis regulations. These legal bases ensure the legitimacy and framework of the funding.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
1,050 € per month
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Competitive Tender
Region:
Saxony
Application Type:
Optional Consortium
Funding Stages:
Planning, Product Development, Feasibility Study
Funding Provider
Program Level:
Regional
Funding Body:
Saxon State Ministry for Economic Affairs, Labour and Transport
Managed By:
Sächsische Aufbaubank – Förderbank – (SAB)
Additional Partners:
futureSAX GmbH
Website: