Innovation Fund III Rhineland-Palatinate Open
The Innovation Fund III Rhineland-Palatinate supports small, innovative technology companies in Rhineland-Palatinate with equity capital. It aims to improve these companies' equity base and create the financial conditions for the development and market launch of innovative products, processes, or services that meet market demand.
Who is funded?
This section describes which companies are eligible for funding from the Innovation Fund III Rhineland-Palatinate, where they must be located, and what strategic goals the program pursues. The funding targets young, innovative technology companies based in Rhineland-Palatinate to strengthen their equity base and support the regional innovation strategy.
What is funded?
This section explains the eligible contents of the Innovation Fund III Rhineland-Palatinate, including industries, project types, and relevant development phases. The focus is on innovative or technology-oriented products, processes, and services whose development and market launch are supported by equity financing.
Type and Scope of Funding
This section describes the type and scope of financial support provided by the Innovation Fund III Rhineland-Palatinate. Funding is provided in the form of equity capital, both as open and silent participations, with a maximum limit of 2 million Euros per company. The amount of participation and the conditions depend on the risk assessment and, if applicable, take into account aid regulations.
Conditions and Requirements
This section outlines the essential rules and requirements for applicants and beneficiaries of the Innovation Fund III Rhineland-Palatinate. In addition to the basic funding requirements for technology companies, conditions regarding overall financing, accumulation of aid, liability for losses, and reporting are explained. Furthermore, strict requirements for transparency and the protection of public funds are foreseen.
Application Procedure
This section guides through the application process of the Innovation Fund III Rhineland-Palatinate. Applications must be submitted in writing to the Investitions- und Strukturbank Rheinland-Palatinate (ISB) and are evaluated as part of an intensive individual case review. The decision on participation is made at the fund's discretion, and there is no legal entitlement to funding.
Legal Basis
This section clarifies the legal basis of the Innovation Fund III Rhineland-Palatinate. The program is based on the 'Guidelines for Equity Participations in New Company Formations from the Innovation Fund Rhineland-Palatinate III' dated November 9, 2023, and is legitimized by EU State aid rules, particularly the General Block Exemption Regulation (GBER) and the De minimis Regulation.
Funding Overview
Maximum Amount:
2,000,000 ",
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Rhineland-Palatinate (Germany)
Sectors:
Information and Communication Technology, Research and Development, Other
Funding Stages:
Feasibility Study, Experimental Development, Product Development, Market Introduction
Funding Provider
Program Level: Regional
Funding Body: Ministry of Economy, Transport, Agriculture and Viticulture, European Regional Development Fund (ERDF)
Managed By: Investment and Structure Bank Rhineland-Palatinate (ISB)