New venture capitalist supports young start-ups

A new fund from SCE and Freiraum is aimed at young start-ups or teams with ideas. They receive up to 50,000 euros.

Munich-based Freiraum Ventures and the Strascheg Center for Entrepreneurship (SCE) at Munich University of Applied Sciences are jointly setting up an investment fund. The early stage fund is intended to close the gap between training and financing teams. The fund is aimed at very young start-ups where traditional investors are not yet willing to provide money. "We see this early phase in particular as an opportunity to accelerate business models and promote growth through capital," Marcus Schlueter, Investment Manager at SCE Freiraum Ventures, told Munich-Startup.de.

Start-ups that have not yet been founded can receive up to 30,000 euros for their ideas. Teams that can present solid and scalable ideas and have already founded a company can receive up to 50,000 euros in investment. Preference is given to university-related start-ups and founding teams. "Teams have the opportunity to put their skills to the test for six months in our own incubator," says Herbert Gillig, Head of Start-up Support at the SCE. "They are supervised and supported by experienced coaches." Teams can apply for funding on the Freiraum Ventures website.