Improved funding of and for start-ups in Germany: FIEGE participates in WIN initiative
A broad alliance featuring businesses, associations, politics and Germany’s KfW investment and development bank is aiming to improve funding of and for start-ups, innovation and venture capital in Germany. The WIN initiative – an acronym that stands for growth and innovation capital for Germany – is campaigning for Germany as a location for start-ups in a joint Memorandum of Understanding. FIEGE is part of the initiative.
More successful, together: The logistics company FIEGE has signed the Memorandum of Understanding of the WIN initiative – Wachstums- und Innovationskapital für Deutschland – in support of the shared alliance composed of businesses, associations, politics and Germany’s KfW bank. The goal of the WIN initiative is to improve the fiscal, legal and financial framework in Germany as such that young, innovative businesses find it easier to tap private capital. In synergy with policies, the start-up landscape in Germany and Europe is to be strengthened structurally. The participating enterprises will invest around twelve billion euros in total by 2030 in young, innovative businesses.
Felix Fiege, Co-CEO of the FIEGE Group who has been running the fifth-generation family business with his cousin, Jens Fiege says: “We have been highly active in the venture capital scene for many years now via our Strategic Ventures division, our independent venture capital fund, F-LOG Ventures and our Company Builder, XPRESS Ventures. We continually expand this business segment and see major potential in it. Therefore, we did not hesitate to co-support the WIN initiative. We greatly welcome such a broad-set alliance for strengthening the venture capital scene here in Germany. We are happy to contribute to this because we consider this initiative to be highly relevant – also in relation to advancing more innovation in Germany’s mid-sized sector.”
The WIN initiative aims to help drive success accomplished by Germany’s start-up sector to date and, beyond this, to mobilise additional capital for growth and innovation. The alliance was called to life at the suggestion of the Federal Minister of Finance, Christian Lindner (of the FDP party) and, next to many German companies and associations, is backed by the Federal Chancellor, Olaf Scholz (SPD) as well as the Federal Minister for Economic Affairs and Climate Action, Dr Robert Habeck (Bündnis 90/Die Grünen). The KfW bank assumes a central role as the co-ordinator and enabler of the initiative.
Go to www.kfw.de/WIN for all the relevant information about the WIN initiative.
Credits: © KfW / Amin Akhtar
