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High-Tech Gründerfonds (HTGF) und bm|t renew their coöperation agreement

  • 2016

HTGF and bm|t have renewed their coöper­a­tion agree­ment and have thus rein­forced their com­mit­ment to sup­port­ing and financ­ing young Thuringian tech­nol­ogy companies.

bm|t, via the Thüringer Start-up-Fonds (TSF, trans­la­tion: Thuringia Start-up Fund), and HTGF have agreed to jointly pro­vide up to €750,000 for first-round financ­ing and, with the par­tic­i­pa­tion of pri­vate investors, up to €2.4 mil­lion in fol­low-on financing.

The coöper­a­tion agree­ment gives us a strong foun­da­tion for address­ing financ­ing gaps in the early-stage fund­ing of young tech­nol­ogy com­pa­nies while also offer­ing our port­fo­lio com­pa­nies the net­work and knowl­edge of a pow­er­ful and respected part­ner like HTGF,” said Udo Werner, Man­ag­ing Direc­tor of bm|t.

Together with bm|t, we want to sup­port the Thuringian entre­pre­neurs and high-tech start-ups with the nec­es­sary seed cap­i­tal and net­work. Thuringia is under­rep­re­sented in our port­fo­lio and only com­prises 4% of HTGF’s total invest­ments. With the renewal of our coöper­a­tion agree­ment, we want to set an exam­ple and encour­age more founders to estab­lish their com­pa­nies in Thuringia,” added Dr. Michael Brand­kamp, Man­ag­ing Direc­tor of High-Tech Gründerfonds.

The coöper­a­tion between HTGF and bm|t goes beyond financ­ing activ­i­ties and the super­vi­sion and sup­port of the man­age­ment of local com­pa­nies. They also con­tinue to work together to carry out ini­tia­tives to strengthen the local entre­pre­neur­ial scene, includ­ing con­sul­ta­tion days at local uni­ver­si­ties. HTGF will also sup­port Investor Days Thuringia, which will take place from June 14–16 and will offer both young, inno­v­a­tive start-ups and estab­lished com­pa­nies the oppor­tu­nity to present their ideas to a broad investor network.

See more: http://www.thex.de/innovativ/investor-days/

bm|t (beteili­gungs­man­age­ment thürin­gen GmbH) is the invest­ment com­pany of the Free State of Thuringia. bm|t man­ages the invest­ment of cap­i­tal from the state as well as insti­tu­tional investors to pro­mote both young and estab­lished Thuringian com­pa­nies with growth poten­tial. The invest­ment man­date of the TSF is in young, inno­v­a­tive com­pa­nies within five years of found­ing that are in the midst of devel­op­ing or bring­ing to mar­ket new or sig­nif­i­cantly improved prod­ucts, processes or ser­vices. The TSF has a fund vol­ume of €18.75 mil­lion. bm|t also man­ages other funds that con­cen­trate on financ­ing the growth phases of companies.

 

High-Tech Grün­der­fonds invests in young, high poten­tial high-tech start-ups. The seed financ­ing pro­vided is designed to enable start-ups to take an idea through pro­to­typ­ing and to mar­ket launch. Typ­i­cally, High-Tech Gru­en­der­fonds invests up to €600,000 in the seed stage, with the poten­tial for up to a total of €2 mil­lion per port­fo­lio com­pany in fol­low-on financ­ing. Investors in this public/private part­ner­ship include the Fed­eral Min­istry of Eco­nom­ics and Energy, the KfW Bank­ing Group, and strate­gic cor­po­rate investors includ­ing ALTANA, BASF, Bayer, 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. High-Tech Grün­der­fonds has about €576 mil­lion under man­age­ment in two funds (€272 mil­lion HTGF I, €304 mil­lion HTGF II).

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