NMittelstand
The NBank's "NMittelstand" program provides equity capital to growing companies in Lower Saxony to secure their liquidity and realize investments. It stands out by offering both open and silent partnerships for SMEs and non-SMEs, as well as requiring a private co-investor. The program aims to support growth and business succession in the region.
Who is funded?
The NBank's "NMittelstand" funding program targets companies with a registered office or permanent establishment in Lower Saxony that have growth-related liquidity needs. It supports both small and medium-sized enterprises (SMEs) and larger companies to expand their market position, secure follow-up investments, and enable business successions.
What is funded?
The NMittelstand program provides equity capital to cover the liquidity needs of companies. Projects are funded that aim to expand market position, secure follow-up investments, invest in fixed and current assets, improve the company's future outlook, and facilitate business successions.
Type and Extent of Funding
Funding is provided through equity capital in the form of open or silent partnerships. The investment volume ranges between 700,000 Euros and 5 million Euros. The term of the partnership is 7 to 10 years.
Conditions and Requirements
To receive funding via NMittelstand, applicants must meet certain conditions, including having their registered office in Lower Saxony, professional qualifications, and a conclusive business concept. Additionally, co-financing by a private co-investor of at least 33 percent of the total financing is required.
Application Process
The application process for NMittelstand begins with a mandatory initial consultation with NBank. After this meeting, potential applicants receive detailed information on further application steps. Basic documents such as a project description and proof of creditworthiness are already required for the initial consultation.
Legal Basis
The NMittelstand funding program is based on NBank's product information dated May 30, 2023, and is bound by the EU's SME definition. These documents establish the legal framework and funding guidelines.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
€5,000,000
Deadline:
Always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Lower Saxony (Germany)
Sectors:
Other
Beneficiaries:
Business financing, growth, business succession
Application Type:
Single Applicant
Funding Stages:
Product Development, Scaling, Commercialization, Planning, Implementation
Funding Provider
Program Level:
Regional
Funding Body:
Investment and Promotion Bank of Lower Saxony (NBank)
Managed By:
NBank Capital Beteiligungsgesellschaft mbH