Venture Capital - Co-Investment for Innovative Startups and Scale-ups
With up to €1.5 million in equity as co-investment, SFG supports innovative start-ups and scale-ups in Styria. Applications can be submitted online from 01/01/2024 to 06/30/2027.
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Grant criteria
Funding objective
Provision of risk capital in the form of venture capital to finance innovative Styrian start-ups and scale-ups with high growth potential.
Eligible to apply
- Companies
- Founders
Funding requirements
- Innovative, research- or knowledge-intensive micro and small enterprises in the startup or scale-up phase
- Company headquarters in Styria
- Registered in the commercial register no more than 10 years ago
- Business model with high innovation and market potential
- Exploitable development results (e.g., prototype) already achieved
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Documents required for application
- Business plan
- Letter of Intent from the co-investor
- Economic Owner form
- Statement of bank liabilities
Evaluation criteria
- Innovation and market potential
- Exploitable development results (prototype)
- Qualified founding team
- Positive evaluation and interest of a co-investor
Description
Within the framework of this venture capital financing initiative, the Styrian Business Promotion Agency SFG provides innovative start-ups and scale-ups in Styria with up to €1.5 million in equity as a co-investment. Funding is available for micro and small enterprises registered in the commercial register for no more than ten years, which are in the start-up or scale-up phase and have a business model with high innovation and market potential – ideally from the sectors of mobility, green tech, or health tech. Prerequisites include exploitable development results (e.g., prototype), a founder’s share of at least 25%, a positive decision from a business angel or venture capital company, and a coherent business plan. Applications can be submitted online from January 1, 2024, to June 30, 2027.
The participation always takes place jointly with at least one experienced co-investor and is designed for a term of up to ten years. As a co-shareholder, SFG offers not only risk capital but also strategic support through expert networks, advice on innovation cycles, and assistance with market entry. The process is divided into initial consultation, application submission, due diligence review, contract drafting, and milestone-dependent financing disbursements. At the end of this growth phase, a planned exit after five to eight years is envisaged – either through buyback or sale of shares. Start-ups and scale-ups preparing for the next development step will find here a reliable partner for sustainable growth and enhanced competitiveness.