NRW SeedCap
The NRW.SeedCap program by NRW.BANK supports the establishment of companies in North Rhine-Westphalia by complementing investments from private business angels or seed investors. The aim is to provide young corporations without sufficient access to financing options with equity or equity-like funds, thereby fostering innovation and growth.
Who is funded
This program is aimed at young companies in North Rhine-Westphalia, especially small and medium-sized corporations in the founding phase. The goal is to facilitate access to equity for these companies and thus promote innovation and growth.
What is funded
The program supports various investments in young companies that focus on innovative processes, products, and services. This includes areas from business model validation to market launch and growth, with a special focus on climate and environmental technology.
Type and Scope of Funding
Funding is provided as an open participation, with NRW.BANK providing co-financing with private investors. The amount of participation varies depending on the company and sector.
Conditions and Requirements
To participate in the NRW.SeedCap program, certain requirements regarding the company form, location, and involvement of a private investor must be met. No specific de minimis rules or budget restrictions beyond the maximum funding amount are specified.
Application Process
The application process is direct and takes place via specific forms from NRW.BANK.
Legal Basis
The NRW.SeedCap program is based on the NRW.BANK, which provides funding information and administers the program. It is guided by the EU's SME definition.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
€100,000 to €500,000, up to €750,000 for climate and environmental technology
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
North Rhine-Westphalia (Germany)
Sectors:
Research and Development, Green Technology, Service Sector
Beneficiaries:
Startup, Company Formation
Application Type:
Single Applicant
Funding Stages:
Feasibility Study, Market Introduction, Scaling