Germany’s Ministry of Economics and Energy recently announced a new resource for investors and start-ups. Given the sheer number of players currently in or entering the German scene, the database will be a welcome new resource.
In addressing this issue, the German Ministry has created a new database designed to help investors filter out companies unsuitable for their requirements or means and find the kind of start-up or founders they are looking for.
There are numerous ways to filter the available information, such as by: industry, federal state, capital requirement and number of employees. Investors requiring more information can now search more precisely for specific projects, while start-ups also benefit by not wasting time pitching to unsuitable investors.
In order to be listed, companies need to be registered as ‘funding viable’ by the Federal Office for Economic and Export control (BAFA), for which the vetting process is thorough, but which should give potential investors greater confidence as a result.
The new database is a part of the funding program INVEST – top-up to venture capital (‘INVEST – Zuschuss für Wagniskapital’), under which investors who support companies within the program are granted a variety of tax breaks to further support their investments.
“Germany has often had a reputation of being a country full of opportunity for young, innovative companies, but with not enough capital to support this opportunity,”
said Jürgen Friedrich, CEO of Germany Trade & Invest (GTAI).
“Matchmaking suitable companies with suitable investors more efficiently is a crucial aspect to overcoming this challenge. This new database creates a simple platform for investors to cut through the noise of unsuitable companies and find one that match their business and investment project specifications.”