NTransformation Automotive Suppliers
The NTransformation Automotive Suppliers program by Investitions- und Förderbank Niedersachsen (NBank) offers equity capital for companies in the automotive supplier industry. It aims to cover their liquidity needs during a crucial transformation phase in digitalization, climate, and mobility change, thereby securing growth and employment in Lower Saxony.
Who is funded
The NTransformation Automotive Suppliers program by NBank targets companies and service providers in the automotive industry in Lower Saxony that are undergoing a phase of change. The aim is to secure and promote innovation, growth, and employment in the region.
What is funded
NBank provides equity capital to fund investments by companies in the transformation to alternative drives, new production methods, and digital business models. Certain sectors and the acquisition of vehicles for commercial road freight transport are excluded.
Type and Scope of Funding
The NTransformation Automotive Suppliers program provides equity capital in the form of open or silent partnerships to strengthen the equity base and secure liquidity. The investment amount ranges from 700,000 euros to 5 million euros and requires private co-financing.
Conditions and Requirements
Specific conditions must be met to utilize the equity capital, including the company's location in Lower Saxony, professional qualification, and a coherent business concept. Private co-financing is also mandatory.
Application Process
The application for equity capital begins with a mandatory initial consultation with NBank, followed by the submission of specific documents for project review.
Legal Basis
The NTransformation Automotive Suppliers program is based on a specific NBank guideline that forms the legal basis for the allocation of equity capital and defines its framework conditions.
Similar Programs
No similar programs found.
Funding Overview
Funding Status:
Open
Maximum Amount:
5,000,000 €
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Individual Aid
Region:
Lower Saxony (Germany)
Sectors:
Transportation and Logistics, Information and Communication Technology, Research and Development
Application Type:
Single Applicant
Funding Stages:
Product Development, Commercialization
Funding Provider
Program Level:
Regional
Funding Body:
Investment and Development Bank of Lower Saxony (NBank)
Managed By:
NBank Capital Beteiligungsgesellschaft mbH