Here start-ups from Saxony can apply for Corona aid until New Year's Eve

The state of Saxony has so far supported 94 start-ups via the Corona Start-up Aid Fund. Start-ups can still apply for the current Corona aid until 31 December.

The state of Saxony is taking initial stock of its Corona Start-up Aid Fund: the state-owned Mittelständische Beteiligungsgesellschaft Sachsen has so far invested 39.87 million euros in start-ups affected by the crisis. A total of 94 young companies have thus received support from the Corona Start-up Relief Fund, including PCM Energy, Tech & Life Solutions and Nevi. As of December 22, a total of 152 requests had been received.

The state's Corona Start-up Assistance Fund supports the companies with silent and subordinate investments of up to a maximum of two million euros. The state of Saxony imposes a number of requirements on the start-ups it supports: the start-ups must be based in Saxony or operate mainly there. Only young companies that have run into liquidity difficulties as a result of the Corona pandemic will be supported. The founders or shareholders must have an equity stake of ten percent in their company. In addition, the start-ups must already have a prototype of their product and meet sustainability criteria.

Start-ups can still apply for Corona aid until 31 December. The application form can be downloaded from the website of Mittelständische Beteiligungsgesellschaft Sachsen.