NRW wants to provide better support for scale-ups

This year, the state plans to support up to 20 companies.

The Minister of Economics of North Rhine-Westphalia, Andreas Pinkwart (FDP), announces that the state is working on a programme for start-ups in an advanced stage ("scale-ups"). As early as September, ten to 20 start-ups could receive funding for two years.

The state will provide 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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