Finance is an issue for every startup. As a rule, setting up a company, moving into premises, recruiting staff and acquiring equipment incurs costs right from day one.
Startups can look to meet their financial needs in a number of different ways.
Individualized startup consulting
Choosing the appropriate funding for a startup company is an individual matter: What subsidies can I use? Where and how can I find suitable financing partners? What sources of funding are right for which phase of my corporate development? Answers to these questions are provided in this leaflet from the Chamber of Industry and Commerce (IHK). (available in German only)
Cost-free finance coaching from BayStartUP can help you formulate a coherent financing strategy and put together all the requisite documentation to make a positive impression on investors.
You can find further organizations to turn to for consulting on our corresponding service site.
Public subsidies and support
Alongside loans from the development banks LfA and KfW, there are all kinds of support programs for innovative companies across a broad spread of industries. Examples include startup coaching, funding for participation in trade fairs and innovation vouchers. A more exhaustive list is posted on the website of the Bavarian Ministry of Economic Affairs. The subsidies database (available in German only) maintained by the Federal Ministry for Economic Affairs and Energy is useful for startups that are targeting public funding.
Venture capital/business angels
It’s not always easy to find venture capital and business angels. Here are some helpful links for startups and business angels:
Munich Network for Entrepreneurship & Innovation
German Private Equity and Venture Capital Association (BVK) (available in German only)
Business Angels Netzwerk Deutschland e.V.
Baystartup business angel network
Can you imagine crowdfinance as a way to get your business moving? What opportunities and potential can this kind of option open up for you?
Information on the various aspects of crowdsourcing and crowdfunding is available from the Startup Unit at the Chamber of Industry and Commerce for Munich and Upper Bavaria (IHK).
This list was put together by Munich Startup. The links shown here lay no claim to correctness, completeness or current validity. Accordingly, no warranty is accepted.
The editor of the list of links is not responsible for the content of linked websites. Any and all liability or warranty for the content of linked websites is excluded. At the time when the links were defined, the editors found no unlawful content on the linked websites. The editors have no influence on either the current validity of or future changes to the linked websites (December 2015).