Corona start-up aid fund
Support services for Saxon companies
The Corona Start-up Aid Fund (CSH) supports sustainable business models from all sectors in order to alleviate the economic impact of the coronavirus pandemic and provide new impetus for growth. futureSAX was an early advocate for the implementation of the BMWi's Pillar II support fund and contributed the needs of Saxony's start-up scene. Since the launch of the support fund at the beginning of August, the Mittelständische Beteiligungsgesellschaft Sachsen (MBG) has already provided 81 start-ups with venture capital. Approximately 135 requests for financing have been received. MBG manages the CSH, which has a total volume of €40 million, with its own experienced team for start-up investments. The aid fund is jointly financed by the federal government, the Free State of Bavaria and MBG and offers equity and equity-like funds of up to EUR 2,000,000 to secure liquidity. Applications for the Corona Startup Aid Fund can be submitted until December 31, 2021.
Successful financing via the Corona Start-up Relief Fund
Procedure and process of investments
Process
- Application
- Review by a decision-making body (1 week)
- Disbursement (1 week)
Further information
- Application possible until 31.12.2021
- Type of financing: Silent partnership
- Term of the financing: Up to 3 years
- Amount of financing: 2.0 million euros
- Total volume of the fund: 40 million euros
Process
- Making contact
- Review by a decision-making body (10 weeks)
- Disbursement (2 weeks)
Process
- Application
- Review by a decision-making body (4 weeks)
- Disbursement (2 weeks)
1st session online Q&A on the Corona Start-up Relief Fund from August 5, 2020
futureSAX Q&A on the Corona Start-up Support Fund (German)
futureSAX Q&A on the Corona Start-up Support Fund (German)
2nd session online Q&A on the Corona Start-up Relief Fund from October 28, 2020