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The High-Tech Gründerfonds and beteiligungsmanagement thüringen gmbh have signed a coöperation agreement

  • 2014
The High-Tech Grün­der­fonds (HTGF) and beteili­gungs­man­age­ment thürin­gen gmbh (bm|t) have signed a coöper­a­tion agree­ment in order to deepen their com­bined efforts to finance young tech­nol­ogy com­pa­nies in Thuringia. “We are pleased to be able to offer young tech­nol­ogy com­pa­nies in Thuringia an early-stage financ­ing model that not only helps to address the dif­fi­culty in find­ing seed fund­ing but also brings an addi­tional expe­ri­enced investor to the table,” said Udo Werner, CEO of bm|t.

The Thüringer Grün­der­fonds and HTGF can jointly invest up to €600,000 in a seed financ­ing round. Addi­tional invest­ments, in com­bi­na­tion with pri­vate investors, can total up to €2.4Mio. The attrac­tive financ­ing model employs a com­bi­na­tion of equity cap­i­tal and sub­or­di­nated debt. Founders are expected to invest at least €50,000 in con­junc­tion with the financ­ing. In addi­tion to the needed seed cap­i­tal, bm|t and HTGF pro­vide valu­able con­sult­ing and sup­port to the man­age­ment teams. For exam­ple, the founders can draw on a regional net­work of coaches who can sup­port the com­pa­nies when and where assis­tance is needed.

The coöper­a­tion between bm|t and HTGF will allow founders in the high-tech field to start their busi­nesses with sub­stan­tial cap­i­tal from the very begin­ning. We are con­fi­dent that our coöper­a­tion will greatly ben­e­fit start-up activ­i­ties in Thuringia,” said Dr. Michael Brand­kamp, CEO of HTGF.

About bm|t and Thüringer Gründerfonds

bm|t is the ven­ture cap­i­tal and pri­vate equity invest­ment com­pany for the Free State of Thuringia. bm|t man­ages funds that invest cap­i­tal from insti­tu­tional investors and gov­ern­ment sources in young and estab­lished com­pa­nies with high growth poten­tial in Thuringia. bm|t´s Thüringer Grün­der­fonds invests exclu­sively in young inno­v­a­tive com­pa­nies (start-ups) in the first three years of their exis­tence that are devel­op­ing new or sig­nif­i­cantly improved prod­ucts and ser­vices. The Thüringer Grün­der­fonds cur­rently has a fund vol­ume of €7.7Mio.‑

About HTGF

The High-Tech Grün­der­fonds invests risk cap­i­tal in young, high-poten­tial tech­nol­ogy com­pa­nies that turn promis­ing research results into busi­nesses. With the help of a seed financ­ing, Start-ups can progress their R&D efforts to the point of a pro­to­type, “proof of con­cept,” or mar­ket entry. The fund ini­tially invests €500,000 and can invest up to €2Mio per com­pany. Investors in the pub­lic-pri­vate part­ner­ship include the Fed­eral Min­istry of Econ­omy and Tech­nol­ogy, KfW bank, as well as 17 cor­po­ra­tions: ALTANA, BASF, B. Braun, Robert Bosch, CEWE, Daim­ler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more ven­ture Beteili­gungs GmbH & Co KG, METRO, Qia­gen, RWE Innogy, SAP, Ten­gel­mann, and Carl Zeiss. The High-Tech Grün­der­fonds has a total fund vol­ume of €573.5Mio (€272Mio Fund I and €301.5Mio Fund II).


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