{"id":2053,"date":"2019-01-21T18:00:58","date_gmt":"2019-01-21T17:00:58","guid":{"rendered":"https:\/\/innowerft.com\/?p=2053"},"modified":"2024-09-18T12:42:48","modified_gmt":"2024-09-18T10:42:48","slug":"start-up-bw-pre-seed-partner-innowerft","status":"publish","type":"post","link":"https:\/\/www.innowerft.com\/en\/start-up-bw-pre-seed-partner-innowerft\/","title":{"rendered":"innoWerft is Start-up BW Pre-Seed Partner!"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-11041\" src=\"https:\/\/www.innowerft.com\/wp-content\/uploads\/2019\/01\/Titelbild-38.jpg\" alt=\"Two people shake hands\" width=\"1920\" height=\"546\" \/><\/p>\n<p>From now on, founders will receive start-up financing even earlier. Many founders lack the necessary financing, especially in the early start-up phase. As a result, innovative business ideas are often never realised. However, the state of Baden-W\u00fcrttemberg wants to change this in future.<\/p>\n<p>&nbsp;<\/p>\n<p><iframe title=\"Start up BW Pre-Seed | simply explained\" width=\"1080\" height=\"608\" data-src=\"https:\/\/www.youtube.com\/embed\/9_obGgztCqw?feature=oembed\"  allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen src=\"about:blank\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe><\/p>\n<h2><strong>WHAT IS THE START-UP BW PRE-SEED?<\/strong><\/h2>\n<p>\"We need a new risk culture to significantly boost start-up momentum. \"We must therefore have the courage to break new ground when it comes to financing instruments.\" Economics Minister Dr Nicole Hoffmeister-Kraut said at the launch of the new programme.<\/p>\n<p>The pre-seed programme is an important step for the promotion of start-ups in Baden-W\u00fcrttemberg. It supports innovative founders in the so-called seed phase. This is the phase in which an initial idea for a product or service exists. It is also the phase in which investors are often cautious. This is because the risk for the capital invested is very high.<\/p>\n<p>The state of Baden-W\u00fcrttemberg would therefore like to support start-ups with 14 million euros in 2018 and 2019. The funds will be awarded in close cooperation with experienced accelerators, incubators and start-up initiatives. \"Start-up BW Pre-Seed\" is modelled on the successful Israeli early-stage funding programme.<\/p>\n<p>Each company will receive between 50,000 and 200,000 euros. The mezzanine financing instrument will be granted without the usual bank collateralisation. One fifth (20%) is to come from investors. The majority (80%) will be provided interest-free by the state. The transaction will be handled by the <a href=\"https:\/\/www.l-bank.de\">L-Bank (the state bank for Baden-W\u00fcrttemberg)<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>A CALCULATION EXAMPLE<\/strong><\/h3>\n<p>The start-up will receive funding totalling 200,000 euros. The state funds provided for this amount to \u20ac160,000 (80%). The state will provide \u20ac20,000 of this as a grant (non-repayable). Convertible loans from programme partners, business angels or venture capitalists in the amount of \u20ac40,000 (20%).<\/p>\n<p>The state grant contains a repayment proviso and conversion options for the remaining amount. It is repayable after two to five years, provided the company has sufficient liquidity. The start-up's repayment right amounts to an interest rate of 20% per year within the first 12 months. There is also a conversion right in the event of a valued financing round.<\/p>\n<p>The aim is to promote young start-ups based in Baden-W\u00fcrttemberg. They should be growth-orientated and demonstrate an above-average degree of innovation. During the support programme, the start-ups must develop a business model. They should also bring goods or services to market maturity. At the same time, the business model must be ready for financing.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>WHICH START-UPS HAVE ALREADY RECEIVED PRE-SEED?<\/strong><\/h2>\n<p>In 2018\/2019, many start-ups have already received financing commitments of \u20ac200,000 each. The following start-ups can therefore also look forward to a successful financing round:<\/p>\n<p>- the innoWerft startup &amp; photovoltaic experts from <a href=\"https:\/\/brc-solar.de\/\">BRC Solar<\/a><\/p>\n<p>- the wedding photo service <a href=\"https:\/\/imiji.de\/\">imiji<\/a><\/p>\n<p>- the software start-up <a href=\"https:\/\/nesto-software.de\/\">nesto<\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>WHO ARE THE START-UP BW PRE-SEED PARTNERS?<\/strong><\/h2>\n<p>innoWerft joins forces with the <a href=\"https:\/\/www.mannheim.de\/de\/stadt-gestalten\/staedtische-gesellschaften\/mg-mannheimer-gruendungszentren-gmbh\">Mannheim start-up centres<\/a> and the Heidelberg Technology Park as project partners. \"Together, we want to promote start-ups and give them the tools they need,\" says Thomas Lindner, Managing Director of innoWerft. \"Especially in the initial phase, it is important for start-ups to have a strong partner at their side that they can rely on.\" Lindner continues.<\/p>\n<p>The Up2B Accelerator is being realised together with partners from Heidelberg and Mannheim. Up2B is a programme funded by the state and the EU. Short-term programmes are carried out to prepare for the first investment. The Start-up BW Pre-Seed Programme is primarily aimed at successful Up2B Accelerator participants. However, the programme is also available to other start-ups in the project partner network.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>THE UP2B PROGRAMMES ARE:<\/strong><\/h3>\n<p>- <a href=\"http:\/\/up2b.io\/breakthrough\/%20\">Breakthrough<\/a> | For young start-ups | 20.04.-29.05.2020<\/p>\n<p>- <a href=\"http:\/\/up2b.io\/productbooster\/%20\">Product Booster<\/a> | For advanced start-ups | Date to follow<\/p>\n<p>- Fire Camp | For market-ready start-ups | 22.06.-26.06.2020<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>WHAT ROLE DOES INNOWERFT WALLDORF PLAY IN THIS?<\/strong><\/h2>\n<p>innoWerft is a Start-up BW Pre-Seed support partner accredited by the state of Baden-W\u00fcrttemberg. We were able to be involved in the development of the model at a very early stage and contribute our own ideas. In addition, innoWerft can act as a co-investor for suitable start-ups. Whether as a co-investor or support partner, innoWerft works completely free of charge. Because every euro of financing goes to the startup.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>HOW DOES THE PROGRAMME WORK WITH THE INNOWERFT?<\/strong><\/h2>\n<p>The founders contact us at innoWerft. We check whether the start-up project is suitable for Start-up BW Pre-Seed and explain the financing instrument in more detail. If the programme is suitable, we work with the start-up to find a suitable co-investor. This is because 20% of the financing must come from a third party. This can be innoWerft, a business angel, a fund or a bank. However, it must be someone who is not directly connected to the startup. We finalise the documents together and send them to L-Bank. A decision is made there quickly and easily.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>WHY IS START-UP BW PRE-SEED ATTRACTIVE FOR STARTUPS?<\/strong><\/h2>\n<p>It's quick, it's uncomplicated and financing of between \u20ac50,000 and \u20ac200,000 is possible. 20,000 of this is even a grant. The rest is a very attractively structured convertible loan. It can be used to finance start-ups that are not yet ready for traditional start-ups. Just pre-seed.<\/p>\n<p>Talk to us, we look forward to seeing you!<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>FURTHER INFORMATION ON START-UP BW PRE-SEED:<\/strong><\/h3>\n<p>- <a href=\"https:\/\/wm.baden-wuerttemberg.de\/de\/service\/presse-und-oeffentlichkeitsarbeit\/pressemitteilung\/pid\/start-up-bw-pre-seed-erste-finanzierungen-und-weitere-programmpartner-aus-mannheim-heidelberg-w\/\">Press release from the Baden-W\u00fcrttemberg Ministry of Economic Affairs, Labour and Housing<\/a><\/p>\n<p>- <a href=\"https:\/\/www.startupbw.de\/portfolio\/finance\/pre-seed\/\">Presentation of the Start-up BW Pre-Seed pilot programme <\/a><\/p>\n<p>- Information sheet for interested co-operation partners<\/p>","protected":false},"excerpt":{"rendered":"<p>From now on, founders will receive start-up financing even earlier. Many founders lack the necessary financing, especially in the early start-up phase. As a result, innovative business ideas are often never realised. However, the state of Baden-W\u00fcrttemberg wants to change this in future.<\/p>","protected":false},"author":5,"featured_media":11041,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-2053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>innoWerft ist Start-up BW Pre-Seed Partner! - innoWerft<\/title>\n<meta name=\"description\" content=\"Die innoWerft ist ein vom Land Baden-W\u00fcrttemberg akkreditierter Betreuungspartner von Start-up BW Pre-Seed...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.innowerft.com\/en\/start-up-bw-pre-seed-partner-innowerft\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"innoWerft ist Start-up BW Pre-Seed Partner! 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