MicroSTARTER Lower Saxony
The MicroSTARTER Lower Saxony is a funding program by the state of Lower Saxony that supports small and medium-sized enterprises as well as freelancers in their startup, growth, or succession phases. It provides targeted loans to close financing gaps and promote the creation and securing of jobs. The program is characterized by its focus on critical early business phases and straightforward loan disbursement without collateral.
Who is funded?
The MicroSTARTER Lower Saxony targets small and medium-sized enterprises (SMEs) and freelancers in the startup or early business phase. The aim is to promote sustainable self-employment and to create and secure jobs in Lower Saxony.
What is funded?
The MicroSTARTER Lower Saxony funds expenses related to the establishment, expansion, or growth of a company.
Type and Scope of Funding
Funding through MicroSTARTER Lower Saxony is provided as an interest-bearing, repayable loan. The loan amount ranges from EUR 5,000 to EUR 40,000 with a term of seven years.
Conditions and Requirements
For a successful application, certain legal and qualitative requirements must be met, including the submission of a business concept and a financing plan, as well as proof of initial consultation. De minimis aid rules also apply.
Application Process
The application for MicroSTARTER Lower Saxony must be submitted via the NBank customer portal and by mail. Eligibility for funding is assessed based on an expert opinion and quality criteria.
Legal Basis
The legal basis of the MicroSTARTER Lower Saxony is the "Directive on the Granting of Subsidies for the Promotion of Business Start-ups ("MicroSTARTER Lower Saxony")" of July 20, 2022, supplemented by EU regulations and other state-specific regulations.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
€40,000
Deadline:
always open
Open Until:
31.12.2029
Award Channel:
Demand Driven Scheme
Region:
Lower Saxony (Districts of Celle, Cuxhaven, Harburg, Heidekreis, Lüchow-Dannenberg, Lüneburg, Osterholz, Rotenburg (Wümme), Stade, Uelzen, Verden, and the rest of the state territory)
Beneficiaries:
Business startups & consolidation, corporate finance
Application Type:
Single Applicant
Funding Stages:
Market Introduction, Scaling, Commercialization
Funding Provider
Program Level:
Regional
Funding Body:
Lower Saxony Ministry for Economic Affairs, Transport, Building and Digitalisation
Managed By:
Investment and Promotional Bank of Lower Saxony (NBank)