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News

Germany: start-up country – ready for take-off?

International sharing expertise at the Family Day 2012 on 20th June in Bonn

Bonn, 30th May 2012 – From Berlin as the new Silicon Valley to the med-tech and bio-tech sectors in greater Munich and through to the energy and clean-tech market – ever more foreign VCs and non-institutional investors are persuaded by German companies and the location, Germany and are investing here. On 20th June 2012 in Bonn, where 300 company founders and managers of 200 German high tech start-ups will meet over 350 domestic and foreign own capital investors, experts in the sector will discuss how German start-ups should be set up to win over international investors for their companies and also become successful worldwide.

German start-ups with growth potential in the global market and an international team orientation are in increasing demand by foreign investors. This is illustrated by the example of London’s investor group, Atomico, under the leadership of Skype founder, Niklas Zennström in the 6Wunderkinder. But investments in innovative technologies from Germany are also becoming increasingly more attractive in other sectors.
The Maxwell Biotech Venture Fund (MBVF), a Russian/American venture capital company, for example, has invested in the German biotech company, MYR GmbH, together with High-Tech Gründerfonds.

Foreign venture capital companies and business angels have invested almost EUR 65 million in seed and subsequent financing rounds in the approx. 200 portfolio companies of High-Tech Gründerfonds. “International investors are playing an increasingly important role. We are experiencing increasing interest from foreign venture capital investors and business angels or family offices in our start-ups – particularly for subsequent investments in innovative start-ups and for capital intensive sectors such as the biotechnology or energy sectors” said Managing Director, Dr. Michael Brandkamp.

However, it is not only the provision of growth capital but also the expansion into international markets, which is a major topic for company development. For example, establishing oneself in the USA, structuring sales appropriately, and establishing a network; this cannot be done on the side but requires intensive strategic preparation. Here too, a significant potential for growth and expansion is the prerequisite for developing new markets. Since January 2012 a national subsidy has been provided to IT start-ups for accessing the US market. The project, “German Silicon Valley Accelerator” aims to accelerate the growth of young German IT start-ups in the American market.

You can obtain further information on opportunities and trends for German start-ups at the press conference of the “Family Day” on 20.06.2012. Here, Dr. Michael Brandkamp (Managing Director of High-Tech Gründerfonds), Henry H. Wong (CEO of Garage Technology Ventures, Silicon Valley, USA), Prof. Dr. Tobias Kollmann (Managing Director of netSTART Venture GmbH, Business Angel of the year 2012), Dr. Andreas Jenne (CEO Kinaxo Biotechnologies GmbH) and Dr. Johannes Velling (German Federal Ministry of Economics and Technology) will discuss the opportunities for start-ups in international competition and also the increasing interest demonstrated by foreign venture capital companies and national and international non-institutional investors.

  • More about the High-Tech Gründerfonds Family Day at
    www.high-tech-gruenderfonds.de.
  • Media representatives are cordially invited to the Family Day and also to the press conference on 20.06.2012 at 12:00 and can register informally by email (s.zillikens@high-tech-gruenderfonds.de).

About High-Tech Gründerfonds
High-Tech Gruenderfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gruenderfonds invests EUR 500,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Technology, the KfW Banking Group, as well as thirteen industrial groups of ALTANA, BASF, B. Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Qiagen, RWE Innogy, Tengelmann and Carl Zeiss. High-Tech Gruenderfonds has about EUR 563 million under management in two funds (EUR 272 million HTGF I, EUR 291 million HTGF II).

Press contact:
High-Tech Gründerfonds Management GmbH
Stefanie Zillikens  – Marketing & Communications Manager
Ludwig-Erhard-Allee 2 – 53175 Bonn
Tel: +49 228 823001-07 – Fax: +49 228 823000-50
s.zillikens@high-tech-gruenderfonds.de
www.high-tech-gruenderfonds.de