Funding Guideline Business Angel Bonus JTF 2021–2027 – FRL BAB
The State of Saxony promotes innovative startups in the JTF funding areas with the "Business Angel Bonus JTF 2021–2027". If private investors (business angels) inject equity into your young company, you can receive a conditionally repayable grant of up to 400,000 Euros for the establishment or further development of your company. The program aims to strengthen financing opportunities and the establishment of technology-oriented startups in Saxony.
Who is Funded
The "Business Angel Bonus JTF 2021–2027" funding program of the State of Saxony supports small, innovative startups that receive equity or equity-like funds from private investors (business angels). The funding aims to expand financing opportunities for young companies and to promote the establishment of startups in Saxony's JTF funding areas.
What is Funded
The "Business Angel Bonus" is aimed at innovative startups that secure equity from private investors. The funding supports the establishment and further development of the company by covering necessary personnel costs, material and investment expenses, while debt restructuring and subsequent financing are explicitly excluded. Projects in the early stage and development phase are the focus.
Type and Scope of Funding
1The funding program provides a conditionally repayable grant as project funding with co-financing. The maximum funding amount is up to 400,000 Euros, whereby the funding rate does not exceed 50 percent of the eligible expenses and at most corresponds to the amount of the Business Angel investment. The repayment of the grant is linked to the success of the startup and is subject to specific conditions.
Conditions and Requirements
The program sets clear requirements for the application, especially regarding the innovation of the business model and compliance with sustainability criteria. It ensures that the funding is not combined with other programs for the same expenses and that no unauthorized capital providers invest in the startup.
Application Procedure
The application procedure for the Business Angel Bonus is clearly structured and requires submission to the Sächsische Aufbaubank (SAB) within two months after signing the contract with the Business Angel. The grant is disbursed in advance once the Business Angel investment is proven, and is accompanied by a final proof of use that documents the use of funds and company development.
Legal Basis
The "Funding Guideline Business Angel Bonus JTF 2021–2027 (FRL BAB)" of May 3, 2023, forms the legal basis of this funding program. It is supplemented by various legal and administrative regulations at state and EU level that determine budget management and aid regulations.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
400,000 Euros
Deadline:
always open
Open Until:
31.12.2029
Award Channel:
Demand Driven Scheme
Region:
Saxony (Districts of Bautzen, Görlitz, Nordsachsen, Leipzig, Urban Districts of Chemnitz, Leipzig)
Application Type:
Single Applicant
Funding Stages:
Planning, Product Development, Market Introduction, Scaling
Funding Provider
Program Level:
Regional
Funding Body:
Saxon State Ministry for Economy, Labour and Transport (SMWA)
Managed By:
Sächsische Aufbaubank – Förderbank – (SAB) (Saxon Development Bank)