NRW wants to provide better support for scale-ups
Tom Schmidtgen
| 04.02.2021
The state plans to support up to 20 companies this year.
The Minister of Economics of North Rhine-Westphalia, Andreas Pinkwart (FDP), announces that the state is working on a program for start-ups in advanced stages ("scale-ups"). As early as September, ten to 20 start-ups could receive funding for two years.
The state is providing 4.5 million euros for this purpose. Currently, the tender for a scaling program is underway, said Pinkwart in the app Clubhouse in conversation with editors of the Rheinische Post
.According to a study commissioned by the ministry, NRW is lagging behind in the development of larger tech start-ups. According to the study, the likelihood of a start-up from NRW receiving a valuation of $100 million or more is much lower than in other European and North American regions. The new funding programme is intended to provide start-ups with better support in scaling up.
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