Start-up Aid for Technology-Oriented Companies Open
The Venture Capital Fund MV is a financial instrument of the State of Mecklenburg-Vorpommern, equipped with ERDF funds, to provide risk capital to innovative and technology-oriented companies in the seed, start-up, and early expansion phases. The program aims to alleviate market weaknesses in early-stage financing, mobilize additional private capital, and strengthen the economic and innovative power of the state. Funding is provided as open equity participation and equity-like instruments, often in co-investment with private investors.
Who is funded
The Venture Capital Fund MV targets innovative and technology-oriented start-ups, as well as small and micro-enterprises based in Mecklenburg-Vorpommern. The aim is to provide these companies with risk capital and strengthen the economic and innovative development of the region.
What is funded
The program supports technology-oriented projects in various phases, from development to internationalization, in high-growth sectors. The funds are used for business establishment, research and development, market launch, and production.
Type and Extent of Funding
The Venture Capital Fund MV offers financial support in the form of equity participations and equity-like instruments. The amount of participation is linked to the capital requirements and state aid regulations and can reach up to 3 million euros, with private co-financing being essential.
Conditions and Requirements
The funding conditions include criteria regarding company phase, technological know-how, business concept, and management. Compliance with state aid regulations such as GBER and De minimis rule is crucial. Clear requirements are set for co-financing by private investors.
Application Procedure
Interested companies submit their application directly to GENIUS Venture Capital GmbH. The application process involves the assessment of financing needs and the business plan by the management company.
Legal Basis
The legal basis of the Venture Capital Fund MV consists of the participation principles of Venture Capital Fonds MV GmbH and relevant EU regulations, in particular the ESI Funds Regulation, the GBER, and the De minimis Regulation, which define the framework for the provision of state aid.
Funding Overview
Maximum Amount:
3,000,000 €
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Mecklenburg-Vorpommern (Germany)
Sectors:
Research and Development, Information and Communication Technology
Beneficiaries:
Technology-oriented companies, Start-ups
Funding Stages:
Experimental Development, Product Development, Market Introduction, Scaling, Commercialization
Funding Provider
Program Level: Regional
Funding Body: State of Mecklenburg-Vorpommern, Ministry of Economy, Construction and Tourism Mecklenburg-Vorpommern
Managed By: GENIUS Venture Capital GmbH
Additional Partners: Independent private investors (co-financing), other investment companies (co-venturing)
Website: GENIUS Venture Capital GmbH