Government plans for venture capital
In its key issues paper on venture capital, the German government acknowledged that financial resources for startups are low.
October 4, 2015
This text has been automatically translated from German to English.
The announcement that innovative companies will continue to be exempt from taxation on profits from free float holdings is a particular source of relief for start-ups and investors.
"If the federal government keeps its word here, a completely unnecessary and harmful additional taxation of start-ups and business angels will be prevented"
says Bitkom Managing Director Niklas Veltkamp.
"Nevertheless, this does not improve the financing situation of start-ups at all."
The only concrete measure is the planned expansion of the "Invest" subsidy program, under which investors will in future be able to receive a 20 percent subsidy up to a maximum investment sum of 500,000 euros per year.
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