Press release BoxID: 461058 (High-Tech Gründerfonds Management GmbH)
  • High-Tech Gründerfonds Management GmbH
  • Ludwig-Erhard-Allee 2
  • 53175 Bonn
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  • Stefanie Zillikens
  • +49 (228) 96568500

High-Tech Gründerfonds Success Story Continues

High-Tech Gründerfonds II goes into operation

(PresseBox) (Bonn, ) In cooperation with KfW and the twelve industrial companies of ALTANA, BASF, B.Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Qiagen, RWE Innogy, Tengelmann and Carl Zeiss, the German Ministry of Economics is making €288.5 m immediately available to start-ups in the high-tech sector. Industry investments in Fonds II are €28.5 m. With €220 m, Germany's federal government is providing the largest share. State-owned KfW bank group is putting up €40 m. High-Tech Gründerfonds II directly ties into the record of success of High-Tech Gründerfonds, an investment fund of €272 m that invested in approx. 250 high-tech companies. Most of these start-ups originated at universities, research facilities, spin-offs from industry or were developed independently in garages.

At the kick-off press conference held last Thursday the Parliamentary State Secretary at the German Federal Ministry of Economics and Technology and the German government's commissioner for SMEs and Tourism, Ernst Burgbacher, praised the important bridging function of the fund, "The work of the High-Tech Gründerfonds Management Team is of enormous value for Germany as a place for science and technology. The fund's seed capital will provide long-term support to start-ups and promote technology."

Dr. Axel Nawrath, Member of the Board of the KfW bank group emphasized, "The venture capital financing sector is significantly under-staffed in Germany. This is what makes the work of High-Tech Gründerfonds the more important." High-Tech Gründerfonds management doesn't provide only capital during the high-risk start-up phase, but also contacts to other investors. This targeted and sustained support will now be continued in the second fund. Dr Michael Brandkamp, Managing Director of High-Tech Gründerfonds, is convinced, "The fund can only be as good as the companies it finances. After all, it is high-tech companies that create societal and economic value. Only because this is the case for companies in High-Tech Gründerfonds portfolio, could additional investors from the industry be found for the second fund."

For the first time two representatives from Life Sciences are involved: B.Braun Melsungen und Qiagen. Roland Sackers, Chief Financial Officer of Qiagen N.V., stated clearly, "In Germany there are still a few start-ups in the high-tech sector, although the know-how certainly exists. Thus, one important task of the fund and industrial investors is to identify these technologies early on, to pass on experience and to provide vigorous support to start-ups developing the technology. The involvement of High-Tech Gründerfonds' minimizes the risk."

Prof. Dr. h.c. Ludwig Georg Braun, Chairman of the Supervisory Board of B.Braun Melsungen AG, confirms, "Sharing industrial expertise is vital to providing the right kind of training to start-ups. This is because few major innovations come from large companies, but rather flexible, high-tech companies. Industrial companies know that start-ups take greater risks and are more efficient in their research and development. For this reason, they are interested in access to new technologies. Venture manpower is available for this. However, the industry should also provide young companies the option of growing independently, but in cooperation with the big companies."

"The goal is also to use the second fund to provide early investment in innovative technologies and make them commercially viable. High-Tech Gründerfonds' Management Team is highly motivated to strengthen the start-up landscape in Germany's high-tech sector in the long term.", adds Alexander von Frankenberg, the Managing Director of High-Tech Gründerfonds.

The second fund continues the concept and method of the first fund unchanged and can always be contacted as before.