Saxony Technology Founders Fund 3 (TGFS 3)

The Saxony Technology Founders Fund 3 (TGFS 3) targets young, innovative, and technology-oriented companies, as well as founders based in Saxony. The funding aims to support knowledge-based business models in their early or growth phases and to promote the development of Saxony's future fields.

The program promotes the development and offering of innovative and technology-oriented products, production processes, or services in Saxony. The funded projects must fit into the future fields defined by the state of Saxony and build upon Saxony's economic and research structures.

The Saxony Technology Founders Fund 3 offers equity and equity-like funds in the form of open participations and mezzanine capital. The funding amounts vary depending on the program variant (TGFS III Basic or TGFS III) and require co-financing by private investors. The typical duration of participations is between five and eight years.

Specific legal, administrative, and financial conditions apply to the application and granting of funding, which comply with the guidelines of the European Union. These include submitting a coherent business plan, involving private investors, and adhering to publicity regulations.

The application process begins with submitting a company concept (business plan) to the fund management. The allocation decision is made after a comprehensive review by the fund management and an investment committee.

The Saxony Technology Founders Fund 3 is based on specific participation principles and operates within the framework of relevant EU regulations governing the compatibility of aid with the internal market. This ensures the legal certainty and conformity of the funding program.