What makes the startupbootcamp?
The idea is to help startups within three months to get from the idea to the product. The winners of the competition will receive an office in Copenhagen for three months, some money to finance the livelihood of the founding team and will be accompanied over the three months by a pool of entrepreneurs and mentors soon to be 100-skilled.
On the last day, the so-called Investor Day, the startups will have the opportunity to do so Company to introduce more than 100 European lenders to get venture capital.
Up to 12.000 Euro per team
For the financing of the program and the up to € 12.000 per team, Startupbootcamp gets between 5-10% of the new company. Every year, teams from all over the world, including from Germany, can apply.
The startup boot camp also uses American models: For example, TechStars annually applies to more than 600 teams, of which 8 out of 10 leave the three-month program on “Investor Day” with an average of $ 500.000.
Young entrepreneur by law
In France, 2004 has been awarded the status of Jeune Entreprise Innovante (JEI) for young entrepreneurs. To obtain it, companies may not employ more than 250 employees, be no older than eight years, and spend at least 15 percent of their budget on research.
And they must not be majority owned by another company. Already in the first year almost 1800 entrepreneurs fulfilled these conditions. For this, they were exempted as JEI from the social contributions for scientific staff, did not have to pay a profit on their taxes for three years, and were exempt from the annual, turnover-tax-related lump sum that companies in Germany would have to pay.
Germany: Casual support
For seven years, the basic and trade tax will no longer apply. Other countries, such as Belgium, the Netherlands or Spain, Estonia or the Scandinavian countries, are familiar with similar regulations or plan to introduce them. The European Commission also has 2007 the status of a Young Innovative Company (YIC).
In Germany, such rather casual subsidies are in short supply. The number of active business angels, private financiers who also provide their protégés with help and advice, is estimated at 2700 to 3400 persons, that is between 33 and 41 per one million inhabitants.
Other countries have more investors
For comparison: In the US, it is almost 260.000, as 850 willingly investors to one million inhabitants. And while in Germany only about 500 million euros are to be given to venture capital, there are only nine billion in Silicon Valley, which has Denmark's economic output.
But it also looks rather mauled in state subsidies: although there are innumerable funding programs, many of them often only take effect when the first successes are already on the table. Or investment loans, which are intended to cover purchases or personnel costs, but not simply the cost of life of founders in the start-up phase.
Funding: The market is unclear
In addition, despite the relevant funding databases, the offer is so confusing that the microstudent in the bureaucratic jungle can barely see what funding is appropriate for them.
Matthias Spielkamp, the journalist, has given an account of everyday promotion deliberations: he has dedicated his platform irights.info to copyright issues in the digital world. From 2004 to 2006, he was sponsored by the Federal Ministry of Consumer Protection, Food and Agriculture for several months.
Despite Grimme-Online Arward and numerous project applications, however, it was only 2008 that received new funding from the Federal Ministry of Education and Culture and the Federal Cultural Foundation. Spielkamp sums up: It's impossible to get follow-up funding, no matter how successful the project is. And: The effort to submit applications for smaller projects is too big!
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