Startup Funding Prerequisites & Grants

Part
01
of seven
Part
01

Consultation, Support Services & Premises Rental Services

While both the EU and Germany offer financing options for startups which range from loan guarantees to equity investment, neither seems to directly fund consultation, support services, or premises rental service companies. Rather, both partner with organizations that offer these services and Germany offers subsidies to startups at the district level to enable them to take advantage of consultancy services. Below is an explanation of why the project criteria may be based on a false premise as well as our research strategy.

Germany Useful Findings

  • In the German startup ecosystem, the government offers generous subsidies (up to 90%) for startup consultancy services "via the GCD scheme."
  • We were unable to locate an English-language list of approved consultancy firms at the national level, as applications for consulting subsidies are submitted at the district level through either "the local IHK (Chamber of Commerce) or Handwerkskammer (Chamber of Trade)."
  • Reviews of startup consulting firms like the NextGen Business Council and Berlin Thinking do not find any who bring up their ability to receive government subsidies as a selling point.
  • Consequently, it is our understanding that many or most startup consultancy and support firms are eligible to receive "funding" in the form of subsidies to their clients, from the German government.

With the above in mind, below are the descriptions of two consultancy firms which we believe are likely to be eligible for subsidies:
  • NextGen Business Council provides consulting services which include managing the bureaucratic process of registering the company, and help at every stage of the startup:
    • In the pre-foundation stage, NextGen provides a free initial consult, development of the business plan and/or evaluation of an existing plan, and coordination "of all necessary legal formalities."
    • At the foundation stage, it helps obtain government approval of the company name, notary services, consultation on the business address and banking decisions, and aid with various application processes.
    • After the company foundation, the firm provides accounting & bookkeeping services, hiring assistance, a payroll service, and GDPR compliance.
  • Berlin Thinking likewise provides an array of consulting and educational services for new startups which fall into three broad categories:

EU Useful Findings

  • The European Commission's Financial Transparency System does not list any divisions that seem to be directly connected to funding startup consultation and support organizations.
  • While there are examples of organizations providing consultation, support services, or premises rental services to startups in conjunction with one or more EU startup financing programs, but none in which funding directly to the consulting organizations.
  • For example, a partnership between Technoport and BIL (Banque Internationale à Luxembourg) was created in 2017 to create "an ecosystem favorable to the emergence of innovative companies in Luxembourg" by supplying financing tools "including loans eligible for the European Investment Fund’s InnovFin guarantee." However, there is no mention of either organization receiving direct funding.

Research Strategy

As this request has two major parts, it required two separate approaches.

In our first attempt to locate consultation, support services, or premises rental service for startups funded by the EU, we went to the source, the European Commission's Financial Transparency System, which provides a complete list of all EC investments across its dozens of departments. An initial search using no filters found over 32,000 results for 2018 alone. A quick scan of the top results found that the titles and organizations involved were not intuitively indicative of the purpose of the organization receiving the grant. For example, a 2017 grant to Cambridge for Development and Consultations turned out to be for a human rights program, not for consultations to a startup. The available filters did not allow us to narrow the field of recipients by industry or sector.

Digging deeper into the European Commission's resources, we discovered programs and resources which were not reported by the Financial Transparency System, such as the COSME SME program, which provides funding via a combination of loan guarantees and equity funding, or InnovFin, which provides financing directly to "innovative companies." We were not able to locate a list of organizations that had received financing and so cannot be certain whether any fit the criteria for this project.

Due to the opaqueness of the EC's official sites and their search engines, we went outside and conducted broad searches that attempted to pair the names of the various programs discovered in our earlier investigation with key phrases from our criteria. The partnerships uncovered by this process did not fully match the criteria. For example, we found an announcement for a partnership between Technoport and BIL (Banque Internationale à Luxembourg) to create "an ecosystem favorable to the emergence of innovative companies in Luxembourg" by supplying financing tools "including loans eligible for the European Investment Fund’s InnovFin guarantee." However, we did not find any evidence that the EU was directly funding the organizations providing consultation, support services, or premises rental service in these cases.

Having exhausted the possible avenues of research for the EU, we turned our attention to the German question. An initial sweep of English-language and translated articles on the German startup ecosystem quickly revealed that the criteria are likely based on a false premise, as explained in our useful findings above.
Part
02
of seven
Part
02

Funding Programs; Co-working Spaces

Information on funding programs specifically targeted at startups that are creating co-working spaces is unavailable in the public domain. It appears that these types of startups are usually funded by investors supporting a wider range of business lines, rather than particular industries.

HELPFUL FINDINGS


RESEARCH STRATEGY

We were unable to identify EU funding programs targeted at startups working to create co-working spaces. Our research suggests that co-working space designers in Europe often receive funding from programs that do not focus on specific industries. Here is why funding programs in the EU targeted at startups working to create co-working spaces were unavailable.

Our research began by directly searching for pre-compiled lists of funding programs in the EU intended for co-working space startups. We consulted EU government resources such as the European Commission website and the official resources of the European Union, as well as independent publications that focus on EU funding and co-working startups, such as EU-Startups. Nevertheless, we only came across reports on specific co-working startups supported by funding programs and general descriptions of how the EU funding programs work. We found that EU governments assist startups in fields such as climate and environment preservation and coal research, but not co-working space creators. Lists of funding programs designed for co-working space startups were not available.

We tailored our search to specific cities, regions, and countries within the European Union. We explicitly searched for funding programs that support co-working space startups in major European cities that serve as business hubs, such as London, Brussels, and Warsaw, assuming the demand for them would be highest in those areas. To find this information, we consulted resources similar to those mentioned above but specific to particular countries or areas, such as Sveriges Regering and Governo Italiano. However, we did not find a list or any mention of funding programs intended for co-working space startups. We found some lists of investment programs for startups in the construction industry, but none of them were for startups creating co-working spaces.

To locate investors funding startups that are working on co-working space creation, we decided to search for comprehensive lists of investors in the European Union. We aimed to find investors that are actively investing in co-working space startups (these members note the fields they invest in within their descriptions or names). To find these lists, we searched investor databases such as Angel.co and investor associations such as the European Private Equity and Venture Capital Association, Eban, and European Investors. We then examined their members. Through this search, we found investors dedicated to supporting AI startups, IT startups, and other technology startups. Nonetheless, after extensive examination, information on funds meant for co-working space design startups was unavailable.

We resorted to identifying co-working startups in the European Union recently receiving funding. We aimed to find and examine the programs that supported these startups to determine if they focus on co-working space creation startups. To locate these startups, we consulted local media sources, such as 123 Emprende and Marketing I Biznes PL. However, after examining several co-working startups and the agencies that funded them, it was clear that none of them received funding through a program intended for co-working startups. Instead, the startups garnered support through government and private programs focused on funding small businesses, innovative startups, or startups with similar characteristics, rather than those that are developing co-working spaces.

Part
03
of seven
Part
03

Government Funding Programs for Startups; Germany

Five funding opportunities offered by the German government to support start-ups working on innovation, entrepreneurship, and co-working space are the Berlin Start-Up Scholarship, the ERP Start-Up fund, Germany's Micro-Credit Funds, the EXIST Business Start-up Grant, and the ERP Universal Start-Up Loan.

1. The Berlin Start-Up Scholarship

Description
  • This program is supported and funded by the Government's Federal Ministry of Economic Affairs and Energy (BMWi) and seeks to fund, finance, educate, and support entrepreneurship, start-ups, and businesses with a different focus, like co-working spaces/locations, etc.

Prerequisites

  • The prerequisites include a presentation of the prototypes, business plans, and procedures prototype by the founders.
  • The business should be a start-up or incubator located in research institutions, companies with a focus on R&D, and universities. The Adlershof Founder's Lab and the Creative Prototyping Project at the Universität der Künste Berlin are two examples of the co-working spaces start-up projects that are using this fund for innovation purposes.
  • Prerequisites in the Creative Prototyping Project include presenting a prototype that functions, having more than three people in the team connected to the university, having a university professor as a mentor, the members must be Berlin residents and have a first academic degree.

Total Fund

2. ERP Start-Up Fund

Description

  • The ERP start-up fund is a funding program provided by the German government to help start-ups and entrepreneurs in all fields, with options to low-interest loans to support their businesses during the first five years of its launch.
  • The government provides these loans through the KFW bank.

Pre-Requisites

  • Being a business founder, a small enterprise, or a self-employed professional with a start-up company that has been active less than five years and needs start-up capital or equity.

Total Fund

  • The total fund varies based on the start-up loan requested, and can have a limit of €100,000 for Start-Up Money requests.

3. Germany's Micro-Credit Funds

Description

  • This fund, known as Mein Mikrokredit, is offered by the Federal Government in the form of micro-loans to finance all types of young start-ups and small companies in the country who don't have access to borrow loans from banks because the business is new, have a migrants background or are self-employed entrepreneurs.

Pre-Requisites

  • The grant needs to be requested before launching the project or making the initial investment.
  • The business applying for the fund must present a plan of investment and business, two-year forecast of profitability and sales, the list of debts and assets, a tabular CV, an investment plan, a one-year liquidity plan broken down by month, and an overview of the company's collateral, such as the machines, vehicles, and real estate.
  • Additionally, the fund is mainly targetedtowards start-ups in the services sectors, catering, retail, small businesses without finance options, businesses with a migrant background, companies dedicated to training, and women entrepreneurs.

Total Fund

  • The total fund granted to the start-ups goes from €1,000 to €25,000 and is provided as a loan for a four years term.

4. EXIST Business Start-up Grant

Description

  • This fund was created by the German government to provide financial support to students, scientists, and new graduates from research institutes and universities wanting to start their business plan.
  • This fund is for innovative start-ups, that are on their early phase of development, to support financially the development of their products, their service idea, their business plan creation, and their business launch in all business categories but mainly those focusing on knowledge projects, technology, the ones that are unique, and the ones that have commercial potential.

Pre-Requisites

  • Same as the Mein Mikrokredit fund, the business applying must present a plan of investment and business, the list of debts and assets, two-year forecast of profitability and sales, a tabular CV, one year-liquidity plan broken down by month, investment plan, and an overview of the company's collateral, such as the machines, vehicles, and real estate.

Total Fund

5. ERP Universal Start-Up Loan

Description

  • Different from the regular ERP fund or Start-Up Money fund, the ERP Universal loan/fund offers financial support for start-ups and companies younger than five years but doesn't limit this help to initial financing, but also finances investments, and working capital.

Pre-Requisites

  • The ones requesting the fund must be business founders, self-employed professionals, company successors, small and medium enterprises with less than five years in the market, German entrepreneurs, or foreign businesses with high German participation.

Total Fund

Research Strategy

To determine five funding opportunities available to German start-ups working in the innovation, entrepreneurship, and co-working spaces fields offered by the government, we began by looking through the government's funding directory, and the government's website specifically for funds that targeted start-ups in these three categories. While we were able to find multiple funding programs for start-ups, none were specific to co-working spaces and innovation entrepreneurial start-up companies.

Next, we looked through publications and articles presented by the Federal Ministry for Economic Affairs and Energy (BMWi), as this is the entity in charge of the government funds for start-ups. While we didn't find financing opportunities solely dedicated to the desired fields, we identified five government funds available to all start-up companies, which as a result, presents an opportunity for start-ups in the innovation, entrepreneurship, and co-working spaces fields.

After identifying the five funds, we confirmed through news and examples of companies benefited by them that start-ups in innovation, entrepreneurship, and co-working spaces have received them.

Finally, although all the ERP loans are part of the same program, the loan for start-ups and the Universal loans for start-ups are presented by the German government as separate funds, because they have a different focus, requirements, and fund total.
Part
04
of seven
Part
04

Non-Government/Private Funding Programs; Germany

German Startups Group and certain grant-making foundations in Germany offer grants and services to German startups working in various fields.

KEY FINDINGS

  • FundsforNGOs lists grant-making foundations in Germany that offer grants as well as individual funding on a range of issues from democracy, peace, sustainability to support for education and development.
  • These foundations include Siemens Stiftung (Foundation), Deutsche Bank Program, Berghof Foundation, Association of German Foundations, Gerda Henkel Stiftung Foundation, Hertie-Stiftung (Foundation), Action for World Solidarity (ASW), 24 Good Deeds, and Robert Bosch Stiftung (Foundation).
  • German Startups Group offer an extensive range of services from web, ios, and android applications, development of online marketing campaigns, consulting on brand development, modifying business models, and selecting technology.
  • German Startups Group is known to build a bridge between startups and capital market investors aiming to provide the most skilled and talented German entrepreneurs with more growth capital and to give our shareholders access to the high return potential of ‘Startups Made In Germany".
  • German Startups Group (GSG) focuses on entrepreneurial growth and partnership.
  • FHH Innovation Foundation Hamburg grants funds to support innovative and technology-focused schemes whose content is or could be delineated and which show indications of later economic usability.
  • BTG Beteiligungsgesellschaft (MBG) in Hamburg provides a silent or open partnership from 50,000 EUR to 1 million EUR to innovative technology-focused businesses and startups.
  • Factory Berlin, Agora, Ubertage, and Design Offices are some coworking spaces or incubators in Germany.

Additional Public Grants/Funding Available in Germany

1. Technology Founder Grant (SAB)

  • Description: This fund supports technology-oriented, innovative companies that help students, former, and current research associates who are aiming to start an innovative company.
  • Prerequisites: The company should not be founded already, have at least one of the founders with expertise in economics, should be a small company, and at least 15% of the expenses need to be assigned to R&D.
  • The founders have not been supported by this scholarship before and the sponsored person needs to have a leading position in the founded company.
  • Total Funding Amount In Euros (€): N/A

2. InnoStartBonus (SAB)

  • Description: The Inno Start Bonus is aimed towards the company or for founders who are not eligible for the above mentioned “technology founder grant (SAB)”. The program is structured like a competition.
  • Prerequisites: The company must not have been founded at the time of approval, must have its registered office in the Free State of Saxony and the promotion can be taken up only once, a promotion for different establishment projects is impossible.
  • Total Funding Amount In Euros (€): 1000 Euro/month and 100 Euro bonus for children of the founder.

3. Market Launch of Innovative Products and Designs (MEP) (SAB)

  • Description: After the prototype of the product is ready, the MEP program takes effect and supports the directly allowable costs during the introduction phase of the product to the market with a grant.
  • Prerequisites: The grant is aimed as soon as a product has reached MVP/prototype status.
  • Total Funding Amount In Euros (€): Up to 150,000 Euros (75% split for founders)

4. Innovative Gründer

  • Description: Aimed towards locating the business in the aspiring Startup City of Leipzig, the City of Leipzig, grants the innovative founders up to €4000 as a bonus.
  • Prerequisites: A small founder team with a future company location in Leipzig, the company must not be founded more than three years ago, the idea needs to have a technical/innovative/creative-innovative component or leads to the merger of several small companies.
  • Total Funding Amount In Euros (€): Per year, up to 20 companies can receive the bonus, based on an evaluation of experts who judge applicants 4 times a year.

5. Investment grant for innovative founders (BAFA)

  • Description: “This program exists to help young companies receive more investments by supporting investors. A private investor can get 20% of the issue price of his investment back if the investment is held for at least three years”.
  • “The investor has to provide at least 10,000 euros to the company. If the investment is tied to the achievement of a milestone, then each payment has to be of at least 10,000 euros”.
  • Prerequisites: Company has to have less than 50 employees and should be younger than 7 years with headquarters in the Europe and at least one branch office or a permanent business establishment in Germany. It should also have a Maximal Annual sales or Balance sheet total of 10 million euros.
  • Total Funding Amount In Euros (€): Each company investor can receive funds for investments up to 3 million Euros for its share expenditure. Since the subsidy pays for 20%, each company can get a maximum of 600,000 euros.

RESEARCH STRATEGY

Despite a comprehensive search, we were unable to identify non-government or private funding programs that are available to startups working in the field of innovation, entrepreneurship, and co-working spaces in Germany.

We started our search by examining the list of funding programs that are available to startups in Germany mostly from Angel Funding Germany, Spin Lab, Valuer, among others. The aim here was to check the list and identify which are private and available to startups working in the field of innovation, entrepreneurship, and co-working spaces in Germany. Although we were able to identify some programs, they focused on each mentioned fields individually and not all the three (innovation, entrepreneurship, or co-working spaces) in Germany or were public grants. We also scanned through case studies in the region from Harvard and Wharton to check if any research has been conducted on startups in Germany from where we can garner relevant information relevant but no such case studies or research articles were available. We also examined leading media publications, as they are likely to publish such programs and invite startups to apply through them. The Local, W3Newspapers, Bild, Süddeutsche Zeitung, Berliner Zeitung are some of the sources we looked into. However, the attempt proved to be futile.

Subsequently, we proceeded to triangulate the required data by looking for private organizations providing funding in Germany on FundsforNGOs, Sifted, GründerZeiten, among others. The idea here was to check which private organization is involved in funding and the causes they assign these funds and grants to. We found a few organizations, however, they did not focus on startups working in the field of innovation, entrepreneurship, and co-working spaces in Germany.

As our last resort, we tried to identify alternate data points to triangulate the information. For this, we analyzed the startups that have received funding and check the source of their funding to see if they are private or public grants. Therefore, we examined the list of coworking spaces or incubators in Germany listed here and German Startups Group, Crunchbase scaleups, including N26, Signavio, Adjust, WeFox, and Raisin listed here, as these sources are likely to highlight the investors' name and investment granted. However, the sources did not provide any substantial data.

The unavailability of data is largely due to the fact that the fundings are mostly public in nature and or focusing on convincing Germany to be a part of or imitating France’s €5 billion public-private investment fund. France’s aim is to have at least 25 tech unicorns by 2025, according to Frank Thelen, chief executive of venture capital fund Freigeist Capital and television personality.
Part
05
of seven
Part
05

Non-Government/Private Startup Funding; European Union

Five non-governmental/private funding sources for startups working in the field of innovation, entrepreneurship, and coworking spaces are identified below: ASIF Ventures, LeanSquare, Seedcamp, CrowdCube, and Draper Esprit. Also, noted for each funding source is the amount of their funds/investment pool (when possible), the average or minimum investment, and the important prerequisites for securing funding.

Non-Government/Private Startup Funding #1: ASIF Ventures

Description

  • Founded in 2017, ASIF Ventures is a venture capital (VC) fund providing preseed funding for startups founded by students or recent graduates. This fund supports all types of startups, including innovation, entrepreneurship, and coworking.

Prerequisites

  • To be eligible for financial backing, the startup must meet the following three criteria: 50% of the founders are either students or have graduated in the past three years, the startup must be based in the metropolitan area of Amsterdam, and the startup is following all local laws and regulations.

Total Funding

  • Eligible startups can apply for between €25,000-100,000. The total fund size is €1,000,000.

Non-Government/Private Startup Funding#2: LeanSquare

Description

  • Based in Belgium, LeanSquare is a VC that invests in a variety of startups, including coworking businesses, innovation, and entrepreneurship.

Prerequisites

  • While the specific criteria for investments for LeanSquare are not specified, the company's mission is to invest in startups for the "new economy" that has a real potential for growth.

Total Funding

  • LeanSquare offers seed investments between €25,000-50,000 and equity investments between €100,000-500,000.
  • This VC has already invested €27 million in 34 startups.

Non-Government/Private Startup Funding#3: Seedcamp

Description

  • Founded in 2007 and based in London, Seedcamp is an investment fund that supports startups in the EU, focusing mainly on preseed and seed loans. The company funds all sectors, including innovation, entrepreneurship, and coworking spaces.
  • Since its founding, Seedcamp has invested in 300 startups.
  • In 2018, Seedcamp partnered with an equity crowdfunding platform called Seedrs.
  • Seedcamp partners with VC firms, Angel Investors, and Corporate Investors to create is various funds. Many of the companies they invested in now participate in their funds.

Prerequisites

  • Seedcamp focuses on companies in the early stages, including prototype, pre-revenue, pre-launch, or early revenue stages.
  • The criteria Seedcamp uses to evaluate applications include: a clear understanding of how much investment will enable the company to provide their product, the quality of the founding team, how well the company has identified/researched its potential customer, and how well the company has understood the market size as well as the possible obstacles to potential customers in that market.
  • Seedcamp also looks for a compelling brand story in choosing startups to invest in.

Total Funding

  • Seedcamp offers a preseed investment of €117,000 (£100,000*.117 [exchange rate of the pound to euro]=€117,000). This investment is in exchange for 7.5% of the equity in the company.

Non-Government/Private Startup Funding#4: Crowdcube

Description

  • Crowdcube is a crowdfunding company that provides loans to startups in exchange for equity in the company. While Crowdcube focuses primarily on UK and Irish startups, it does offer some crowdfunding companies in Europe (outside of the UK and Ireland).
  • Crowdcube focuses on startups from a variety of sectors, including food and beverage, fintech, ecommerce and coworking spaces.

Prerequisites

  • To apply for Crowdcube financing, the startup needs to be a UK or Irish Limited Company (some European based companies can apply but need to make a request).
  • No startups that are sexual in nature, or involve real-estate development, or focus on film making and/or theater productions can apply.
  • The business has an active "Companies House" number.

Total Funding

  • Crowdfunding has made €44.1 million in investments ($48.8 million*.9 [exchange rate of dollar to euro]=€44.1 million).
  • Companies that use the Crowdcube platform must raise a minimum of €58,418 (£50,000*.117 [exchange rate of the pound to euro]=€58,418).
  • The average amount raised is €782,801 (£670,000*.117 [exchange rate of the pound to euro]=€782,801).

Non-Government/Private Startup Funding#5: Draper Esprit

Description

· Draper Esprit is a venture capital firm that invests in EU startups in a variety of sectors, including innovation and entrepreneurship in technology companies and coworking spaces. They are the largest VC fund in Europe.

Prerequisites

  • Draper lists three important criteria for companies interested in securing funding: the company is a technology company (enterprise, infrastructure, services, etc.), the company is looking for Series A or B between €2.3 million and €58million, and the company has demonstrated a market for its product and showed some preliminary commercial success.

Total Funding

  • Draper has a fund size of €903 million ($1 billion*.90 [exchange rate of dollar to euro]=€903 million).

Research Strategy

In order to locate non-government/private startup funding sources in the EU, the team first searched in business periodicals (e.g., eustartups.com, venturebeat, forbes, and entrepreneur) for press releases or articles announcing funding for coworking startups. From this strategy, we identified two funding sources--ASIF Ventures and LeanSquare.

Secondly, we searched the same periodicals for articles discussing the key crowdfunding companies and venture capital firms that are investing in European startups. This also enabled us to identify three companies/fund sources: Draper Esprit, Crowdcube, and Seedcamp. To determine of these fund sources invested in the fields of innovation, entrepreneurship, and coworking spaces, the team searched the company websites, including press releases.

Once we found five funding sources that met the research criteria, the team then searched the company websites as well as databases (e.g., craft.co and crunchbase) to determine the total fund size, the minimum and average investments, and the prerequisites for securing funding.
Part
06
of seven
Part
06

Government Funding Programs; European Union

The COSME Program, EIC Accelerator (SME Instrument), Program for Employment and Social Innovation (EaSI), European Structural and Investment Funds (ESI Funds), European Investment Bank, and the European Investment Fund are examples of government funding programs available to the startups working in the field of innovation, entrepreneurship, and co-working spaces. These programs provide funding for various types of businesses and are not restrictive. Their details are included in the sections below.

European Union (EU) Funding Overview

European Union Funding Programs

COSME Program

EIC Accelerator (SME Instrument)

Program for Employment and Social Innovation (EaSI)

European Structural and Investment Funds (ESI funds)

European Investment Bank

European Investment Fund

Research Methodology

Your research team examined the European Union Commission website to uncover the examples of programs providing funding for startups and SMEs. The focus was on programs that offer general financing not restricted to specific sectors, while excluding funding programs targeting specific sectors like climate, environment, science, etc. In this regard, we selected those programs listed on the EU website that support SMEs in general. To remain with a list of programs that support startups working in the field of innovation, entrepreneurship, and co-working spaces, we checked the requirements of each program and selected those that offer funding for SMEs and startups operating in all sectors. Most of these programs provide support based on the type of business, i.e., SMEs, large companies, etc., as opposed to funding a specific field, i.e., co-working space, innovation, entrepreneurship, etc. Overall, the programs profiled above are examples of the many funding programs supported by the European Union Commission.
Part
07
of seven
Part
07

Consultation, Support Services & Premises Rental Services, Part 2

In the state of North Rhine-Westfalia, two services that provide consultations to startups and are backed by the government include Mittelstand and STARTERCENTER. These initiatives and programs are discussed in more detail below.

North Rhine-Westfalia

  • Digitization Initiative Mittelstand
    • This is an initiative for SMEs provided by the Ministry of Economic Affairs in North Rhine-Westphalia. This service provides promotional products, additional funding, and increased awareness to help SMEs with digitization.
    • One of the areas that Mittelstand focuses on apart from awareness and financing is consultation. They provide professional advice to help entrepreneurs and startups achieve economic potential through digitization.
  • STARTERCENTER
    • STARTERCENTER NRW provides startup support and advice to small and medium businesses in 75 locations across the state of North Rhine-Westphalia.
    • It is an initiative that is supported by both the Ministry of Economic Affairs, Innovation, Digitization and Energy of North Rhine-Westphalia, and the European Union.
    • They provide initial consultations for entrepreneurs and startups that are just starting and they provide consultations for grant applications such as the Beratungsprogramm Wirtschaft in NRW.

Münsterland

  • Digital Hub Münsterland:
  • WFM Münster GmbH:
    • Wirtschaftsförderung Münster GmbH (WFM) is 85% owned by the City of Münster and 15% of the company is owned by Sparkasse Münsterland East.
    • This company specializes in consultations for startups and larger companies. They provide real estate services, startup and subsidy consulting, location marketing, and space development.
    • They aim to show off Münster as a prime business location in North Rhine-Westphalia.
Sources
Sources

From Part 02
Quotes
  • "Zur Vermeidung größenbedingter Nachteile für kleine und mittelständische Unternehmen fördere das Wirtschaftsministerium im Rahmen des neuen Programms gezielt Investitionen in regionale Innovationsinfrastrukturen aus Mitteln des Europäischen Fonds für regionale Entwicklung (EFRE). Im Fokus der Förderung stehen wirtschaftsnahe Technologie-, Kompetenz-, Innovations- und Gründerzentren oder vergleichbare Einrichtungen, die etwa sogenannte LivingLabs, Co-Working Spaces bzw. MakerSpaces beinhalten"
From Part 05