HamburgInnoGrowth (HIG)
The Free and Hanseatic City of Hamburg and MBG Hamburg provide capital as silent partnerships for start-ups and small, growth-oriented companies with innovative (e.g., ecological, digital, and social) business models in Hamburg. Up to €2.5 million per project; applications can be submitted continuously.
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Grant criteria
Funding objective
Strengthening the equity capital of innovative start-ups and small, growth-oriented companies with innovative (e.g., ecological, digital, and social) business models in Hamburg to support their further growth and strengthen their balance sheets.
Eligible expenses
- Investments
- Operating resources
- Acquisitions
- General corporate financing
Eligible to apply
- Founders
- Companies
Funding requirements
- Company headquarters and/or main place of business in Hamburg
- Group turnover up to EUR 75 million per year
- Majority owner-managed shareholder structure
- Scalable, growth-oriented, innovative and/or digitization-oriented business model
- Development of innovative solutions for societal challenges
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Documents required for application
- Complete business plan
- Annual financial statements for the last three fiscal years including current management report
- Self-disclosure of the shareholders
Evaluation criteria
- Scalability and growth orientation of the business model
- Innovation and digitization potential
- Social and ecological benefits
Description
The HamburgInnoGrowth Fund (HIG) supports innovative start-ups and small growth-oriented companies with headquarters or a significant place of business in Hamburg through silent partnerships. The program is sponsored by the Free and Hanseatic City of Hamburg as well as the Mittelständische Beteiligungsgesellschaft Hamburg mbH (MBG) in cooperation with IFB Hamburg. Projects that pursue scalable, digital, ecological, or social business models and thereby generate societal as well as ecological benefits are funded. The goal is the sustainable strengthening of the economic equity capital of non-exit-oriented founders and owner-managed companies with an annual group turnover of up to €75 million, in order to enable further growth and consolidate the balance sheet.
The participation is flexible up to €2.5 million per project and can have a term of up to ten years. Eligible applicants are young SMEs and start-ups that, in addition to an innovative business model, have received innovation funding or won an innovation award within the last 36 months. Companies in difficulty within the meaning of the EU are excluded from funding. Eligible expenses include investments, operating resources, acquisitions, as well as general corporate financing. For the application, a complete business plan, the financial statements of the last three fiscal years including current business evaluations, as well as self-disclosures of the shareholders must be submitted. Applications can be submitted throughout the year before the start of the planned measure.
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