Home » Ministry of Economic Affairs cuts funding for investments in start-ups

Ministry of Economic Affairs cuts funding for investments in start-ups

by admin
Ministry of Economic Affairs cuts funding for investments in start-ups

If an investor transferred 25,000 euros to a company in the previous months, he would subsequently receive 6,250 euros back tax-free. From now on it is only 3750 euros. It’s no longer worth the enormous bureaucratic effort, says business angel Tobias Wittich. He is angry: “I believe that politicians do not understand the role of business angels.” Companies in the growth phase are supported with billion-dollar funds, but tech companies have to get that far first. “If there is a lack of financing at the beginning, only a few make it to the next level,” comments Wittich. He is particularly annoyed that the funding program, with an annual budget of 46 million euros, is only a small pot compared to the ten billion future fund – and is then cut anyway.

See also  Askoll XKP 80, the all-Italian electric scooter with 100 km of autonomy

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy