Opportunities

Pro FIT early phase financing

Pro FIT early phase financing

Up to 500.000€

Startup
Pre-revenue
Germany
I&D
RH
Machinery and Equipments
Grant
Loan
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Description

The grant aims to support technology-oriented startups in Berlin by providing financial assistance to help develop innovative projects. This initiative focuses on enhancing the competitive edge of new businesses, fostering innovation, and supporting the early-phase development of promising technologies.

Admissible Projects

  • Developing a new software application to improve data security
  • Creating a prototype for an environmentally friendly battery
  • Establishing a lab for testing new renewable energy solutions

Eligible Expenses

  • Personnel Expenses: Primarily salaries for executives and staff involved in the project.
  • Investment Expenses: Costs related to acquiring essential equipment or resources for the project.
  • Operational Expenses: Necessary ongoing costs tied to the project, excluding any expenses linked to direct sales or customer orders.

Financial Information

It offers a mix of grants and loans, depending on the project phase:

  • The maximum funding available: 500.000€ per company across both phases
    • Phase 1: Up to 50% of eligible expenses covered through a non-repayable grant and loan, with a funding limit of 200.000€
    • Phase 2: Financing is provided through low-interest loans for expansion and further project development
  • Loans come with favourable terms, including interest-free loans for Phase 1 and long repayment periods (up to 10 years)

Eligibility Criteria

  • Startups established in Berlin
  • Companies must be new (under 12 months for Phase 1; under 24 months for Phase 2)
  • The company should have a planned "anchor project" (innovation/R&D project), demonstrating a unique or novel aspect that aligns with industry standards.

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Timeline

Jan. 1, 2024

Oportunidade em curso

To be Determined

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Até 3 meses após o envio (Previsão)

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