A Guide on Getting Support for Your Startup in Germany: Germany is one of the best places for venture capitalists to work and has one of the best economies in Europe. It’s a good idea to start a business in Germany, but the process takes a long time and costs money, time, and knowledge. Proper mentoring and team motivation have a direct effect on how well a company does and where it grows.
You will learn how to get help when starting a business in Germany in this article. You can also look at how the Ukrainian center Diia is doing things.Business in Lutsk is a government project that helps people start their own businesses.
The Part Accelerators and Venture Funds Play in the Growth of New Businesses
Startups can usually get help from experienced entrepreneurs, industry experts, and funders through accelerator programs. This could include master classes, seminars, talks, and one-on-one help.
1. The Allianz Digital Accelerator in Munich
In this direction are insurance, mobile, fintech, and the Internet of Things.
It is one of the most effective accelerators in its field. In the spring of each year, the program chooses the best new businesses that have shown they are different and have taken an odd approach to their projects. It’s free to train for 8 months.
2. Plug and Play by Axel Springer, Berlin
Lead the way with media, e-health, and banking
The program picks the most interesting projects and gives them money all year long. Startups can count on full help to put their plans into action and come up with the structure of new goods. This kind of training costs 10,000 euros.
3. Mindbox DB Accelerator in Berlin
All areas that have to do with rail transportation
The government backs the program to help build better transportation systems. You will be trained for 6 months. It is thought that this kind of help will cost 4,000 euros.
4. The Merck Accelerator in Darmstadt
Healthcare and high-level, new ideas for the area of Performance Materials are two directions
Another accelerator that helps the best startups in the country bring their unique projects to life with full government backing. There are several stages of training. It can take up to a year to finish the whole process. If the startup project has promise in its field, the state pays for the training.
5. Technology founders in Garching, Bavaria
Any business can use the incubator. BMW, Bosch, and Siemens are some of the partners.
Startups in the tech field should definitely consider this accelerator because it has big partners and a lot of money to help startups. It takes 5 months to finish the course. The training costs between 5,000 and 20,000 euros.
Venture Funds Available in Germany
Additionally to giving money, venture funds often actively support the growth of a business by helping it grow, hire new people, and solve strategic problems.
1. The Omnes Group
People know the fund as a major player in private equity, and it has a lot of experience with venture capital and co-investment. In the years since 2005, Omnes Capital has put more than 400 million euros into unique businesses with a lot of promise in fields like IT and natural sciences. Omnes Capital puts money into companies at different times, such as spin-offs and Series A and B rounds.
2. An early bird
Since its start in 1997, this fund has helped tech companies at different times of their growth. In addition to giving money, it helps groups with their operations and long-term planning. With seven IPOs and more than $1 billion in assets under control, it is one of the most well-known funds in Europe.
3. The Maxfield Group
The fund’s main focus is on investing in companies that are just starting out and are ready to go worldwide. Technologies that help people and machines work together better are what the fund is most interested in. So, mobile platforms, processing big amounts of data, fintech, e-health, and other areas are where most of the money is being spent.
4. Partners in IDInvest
The main goal of this fund is to help European businesses with money at different times of their growth. The fund is in charge of managing about €8 billion. IDInvest Partners has invested in more than 4,000 European businesses across a wide range of industries. One of these is investing directly in new, creative companies that have a lot of room to grow.
5. Holtzbrinck Business
Holtzbrinck Ventures is one of the best venture capital firms in Germany. It is based in Munich. That’s where they put their money. They now handle more than €1 billion, which makes them one of the biggest and most experienced early-stage venture capital funds in Europe that is not part of a business.
6. The Seedcamp
Seedcamp is an early-stage venture capital fund that puts money into top startups that are going after big global markets and using technology to solve problems in the real world. They help businesses who are on the verge of becoming famous before anyone else does. Seedcamp is thought to be one of the biggest venture capital funds in Germany and Europe. It is thought to have more than $1 billion in cash.
7. The Amadeus Capital Group
This is a world investor that focuses on tech. Since 1997, the fund has provided assistance to over 130 businesses and has attracted more than $1 billion in investments. The fund’s team has a lot of experience funding and a huge network of partners who work on projects where the main focus is on technologies that change the world. The fund mostly puts its money into consumer services, AI, cybersecurity, health technology, digital health, digital media, and finance technology.
In conclusion
Starting a business needs help at the beginning because that’s the only way to make it last and get rid of many risks. Often, this kind of help can be found through incubators and government-run programs that encourage people to start their own businesses. If you want to start your own business in Ukraine, you can talk to the Diia.Business center, which is open both in Ukraine and other countries. If you want to learn more about what this center does, you can visit the NGO Algorithm of Actions site.
