Investments of the Medium-Sized Investment Company Mecklenburg-Western Pomerania – MV innoGROWTH
MV innoGROWTH supports start-ups and growth-oriented medium-sized companies in Mecklenburg-Western Pomerania through silent and open participations ranging from EUR 50,000 to 1.5 million. Applications can be submitted continuously.
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Grant criteria
Funding objective
Promotion of the equity base of start-ups and small to medium-sized growth-oriented enterprises through silent and open participations, particularly for investments, ongoing costs, and balance sheet-strengthening measures up to market entry.
Eligible expenses
- Investments
- Operating costs (rent, salaries, inventory)
- Costs for R&D activities
- Balance sheet strengthening measures
Non-eligible expenses
- Refinancing of already completed and fully funded projects
- Withdrawals and payments to shareholders
Eligible to apply
- Companies
- Founders
Funding requirements
- Company headquarters and/or place of business in Mecklenburg-Vorpommern
- Group turnover up to EUR 75 million
- ecological, digital or social innovations
- Compliance with the KfW exclusion list and sector guidelines
- No refinancing of already completed projects
Documents required for application
- Application form MV innoGROWTH
- SEPA direct debit mandate
- Information sheet MV innoGROWTH
- Annex Classification as SME
- Information sheet on SME classification
- Declaration on subsidies
- Self-disclosure
- Declaration on SCHUFA report
Evaluation criteria
- Innovation and growth orientation
- ecological, digital, or social innovation quality
- equity requirements and strengthening
- creditworthiness and risk profile
Description
MV innoGROWTH is an equity participation instrument for start-ups and growth-oriented SMEs in Mecklenburg-Western Pomerania. It enables the strengthening of the equity base through silent and open participations with a volume ranging from €50,000 to €1.5 million. Financing is provided at 100% and can cover investments, ongoing operating costs such as rent, salaries, and inventory, as well as balance sheet strengthening measures and R&D activities up to market launch. The economic independence of the companies is maintained, and a combination with other public funds is possible.
Requirements include having a registered office or place of business in Mecklenburg-Western Pomerania, a group turnover of up to €75 million, ecological, digital, or social innovation projects, as well as compliance with the KfW exclusion list; refinancing of already completed and fully financed projects is excluded. The term is up to 120 months. The evaluation is based on criteria such as degree of innovation, ecological and social impact, equity requirements, as well as creditworthiness and risk profile. Applications can be submitted continuously and require, among other documents, the formal application form, a SEPA direct debit mandate, proof of SME classification, a state aid declaration, self-disclosure, and the SCHUFA declaration.
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