Start-ups

EUR 12 billion for German start-ups

20 September 2024
WIN initiative to raise capital - Hamburg's start-up ecosystem likely to benefit

An alliance of businesses, associations, politicians and the KfW development bank has announced Tuesday (September 17, 2024) an investment of EUR 12 billion for the German venture capital ecosystem by 2030. The announcement was made during the Startup Germany Summit in Berlin as part of the WIN initiative for growth and innovation 

WIN to boost German venture capital market

"The WIN initiative is really good news for start-ups and for Germany. It will boost the German venture capital market and business location as a whole," said Chancellor Olaf Scholz. Young, dynamic companies are increasingly seen as catalysts of growth, which coupled with innovation, are key to their economic dynamism. Over the past ten years, the annual deal volume had risen from EUR 1.5 billion in 2013 to EUR 18.6 billion  in 2021 and to EUR 7.1 billion in 2023.

Mobilising capital for start-ups 

Initiated by Christian Lindner, German Minister for Finance, and backed by Scholz, and Robert Habeck, German Minister for Economics and Climate Protection, WIN now aims to generate further capital for start-ups and innovation technologies. The initiative is co-ordinated by Stefan Wintels, CEO of KfW. Hamburg’s start-up ecosystem could benefit from the WIN initiative as part of the EXIST competition Startup Factory.

Ten measures for growth and innovation 

Ten measures, designed to boost growth capital for the German ecosystem, are to be implemented by companies, sectors and the German government. The focus is on increased co-operation between universities, investors and companies, promoting solutions for first-of-a-kind financing (FOAK) and strengthening of fund-of-funds structures, according to the German government. The framework conditions for initial public offerings (IPOs) and EXISTs from portfolio companies are to be improved, as well as investments in growth and innovation capital. The German Ministry of Finance launched the first measures this summer with the draft of the second Future Financing Act.
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