InvestBW: State's Largest Funding Programme Open to All Industries
The Ministry of Economics, Labor and Housing has initiated InvestBW as the largest industry-open investment and innovation support program in the history of Baden-Württemberg. Within the program for investment and innovation projects, a total amount of 300 million euros in funding will be made available.
The programme currently focuses on innovation, and funding for investment projects has largely been discontinued. Originally, the programme was completely open to all technologies, but was switched to a new model at the end of 2021. Currently, you can apply for funding calls. These are mostly thematic, but there may also be open calls. Until 30.06.2022, the current funding call is "Digitalisation and artificial intelligence".
In the area of innovation funding, companies from Baden-Württemberg are eligible to apply, in the case of collaborative projects also in cooperation with research institutions, universities and other companies. The projects must aim to develop new products, services, business models and business processes and can be funded with up to 1 million euros for individual projects and 3 million euros for collaborative projects. Funding rates of up to 45% are possible.
Eligible costs include personnel expenses, external services and a flat-rate overhead surcharge. In justified individual cases, research institutions may also receive funding for material expenses and travel costs.
For more information on the funding program and the application process, visit www.invest-bw.de.
What we can do for you
With over 20 years of expertise in the field of funding consulting, we support you with our technical and business know-how throughout the entire application process, project implementation and accounting. As a reliable partner at your side, we look at the entire innovation strategy and can set up the best funding structure for your company.
Our goal is to keep your effort in applying for and processing the funding as low as possible, so that you can fully concentrate on the execution of your R&D (research and development) project.
As mentioned in the article above, applications can be submitted to InvestBW until 31.12.2021. So contact us now to have your project subjected to a non-binding funding check in good time. For more information on our funding consulting services, click here.
Autor: Fabian Balle
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As a Project and Network Manager at EurA I support companies in topics related to funding for innovations. I understand the high dynamics in the IT sector with many novel technologies, especially in the field of artificial intelligence, as a challenge, at least demonstrated by the great potential of ChatGPT. I see it as particularly exciting to identify specific funding opportunities for clients' technological research and development projects and to support them throughout the entire process.
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