The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Wholesale Electronic Markets And Agents And Brokers Global

  • Amy Gilliland Maps GDIT’s New Tech Investment Strategy – MeriTalk

  • A Brief History of Money and its Global Impact

  • Madison Metals Signs Multi-Year Uranium Forward Sales Agreement

  • Stock market today: Wall Street drifts as job market stays solid

Investment
Home›Investment›Germany aims for 30 bln eur investment in new start-up strategy

Germany aims for 30 bln eur investment in new start-up strategy

By Megan
June 3, 2022
93
0
Share:

The German national flag flies in front of the Reichstag building, the seat of the lower house of the parliament Bundestag, in Berlin, Germany, April 5, 2022. REUTERS/Lisi Niesner

Register now for FREE unlimited access to Reuters.com

BERLIN, June 3 (Reuters) – Germany’s economy ministry has drawn up plans to foster the start-up scene in Europe’s largest economy with a batch of measures including an injection of public funds and steps to prod pension funds to invest in venture capital.

The ministry, which wants the cabinet to adopt the plans in the summer, outlined its strategy in a 28-page document which included provisions to bolster start-up funding with 10 billion euros ($10.75 billion) in new public funding through to 2030.

“Together with private investors, it (the government) wants to mobilise up to 30 billion euros in private and public capital for Germany as a VC location,” the ministry added in the draft, with reference to venture capital (VC).

Register now for FREE unlimited access to Reuters.com

The government would aim to attract investment capital to Germany by granting venture capital funds sales tax exemptions. The plans also envisage a minimum investment quota for public and private pension schemes in venture capital funds.

“These young companies are the drivers of economic dynamism and renewal,” the ministry said of start-ups, adding that they are “important for further development and long-term competitiveness of our economy.”

($1 = 0.9300 euros)

Register now for FREE unlimited access to Reuters.com

Writing by Paul Carrel, editing by Rachel More

Our Standards: The Thomson Reuters Trust Principles.

Source link

TagsBISVBISV08CEEUCINVDBTDEECONEF:MARKETS-MACROMATTERSEUROPEZCFINFINSFINS08FUNDGENGFINGVDINVBISINVMINVS08INVT08MCEPFUNDPOLPVEPVE08VENCAPWEU
Previous Article

Indonesia likely to continue its ‘commodity protectionism’ ...

Next Article

US president Joe Biden hits back at ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Financial Market

    Analysis: Russia’s ‘political’ debt default sets emerging market precedent

    May 27, 2022
    By Megan
  • Stock Shares

    Indian shares edge up in volatile trade as rate-hike worries persist

    February 23, 2023
    By Megan
  • Australian Economy

    Australia records first current account deficit in three years

    December 6, 2022
    By Megan
  • Financial Market

    Companies cut spending, jobs as outlook grows less certain

    June 29, 2022
    By Megan
  • Financial Market

    IMF says risks to financial stability have increased, calls for vigilance

    March 26, 2023
    By Megan
  • Investment

    Crisis-hit Sri Lanka hopes for over $1 bln in foreign investment this year

    June 3, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Investment

    Semafor to Buy Out Sam Bankman-Fried’s $10 Million Investment

  • Investment

    Iger reveals Disney planning on investing $17B in Walt Disney World

  • Investment

    ‘Me too’ investing is eating returns • TechCrunch

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • June 1, 2023

    Wholesale Electronic Markets And Agents And Brokers Global

  • June 1, 2023

    Amy Gilliland Maps GDIT’s New Tech Investment Strategy – MeriTalk

  • June 1, 2023

    A Brief History of Money and its Global Impact

  • June 1, 2023

    Madison Metals Signs Multi-Year Uranium Forward Sales Agreement

  • June 1, 2023

    Stock market today: Wall Street drifts as job market stays solid

Best Reviews

Latest News

Brokers

Wholesale Electronic Markets And Agents And Brokers Global

New York, June 01, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Wholesale Electronic Markets And Agents And Brokers Global Market Report 2023” – https://www.reportlinker.com/p06464225/?utm_source=GNW , Nirah ...
  • Amy Gilliland Maps GDIT’s New Tech Investment Strategy – MeriTalk

    By Megan
    June 1, 2023
  • A Brief History of Money and its Global Impact

    By Megan
    June 1, 2023
  • Madison Metals Signs Multi-Year Uranium Forward Sales Agreement

    By Megan
    June 1, 2023
  • Stock market today: Wall Street drifts as job market stays solid

    By Megan
    June 1, 2023
  • Recent

  • Popular

  • Comments

  • Wholesale Electronic Markets And Agents And Brokers Global

    By Megan
    June 1, 2023
  • Amy Gilliland Maps GDIT’s New Tech Investment Strategy – MeriTalk

    By Megan
    June 1, 2023
  • A Brief History of Money and its Global Impact

    By Megan
    June 1, 2023
  • Madison Metals Signs Multi-Year Uranium Forward Sales Agreement

    By Megan
    June 1, 2023
  • Wholesale Electronic Markets And Agents And Brokers Global

    By Megan
    June 1, 2023
  • Australia’s economy: boom or bust?

    By Megan
    September 9, 2019
  • Australian economy suffers virus symptoms

    By Megan
    February 10, 2020
  • The stage is set for mining-led economic recovery

    By Megan
    December 1, 2020

Trending News

  • Brokers

    Wholesale Electronic Markets And Agents And Brokers Global

    New York, June 01, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Wholesale Electronic Markets And Agents And Brokers Global Market Report 2023” – https://www.reportlinker.com/p06464225/?utm_source=GNW , Nirah ...
  • Investment

    Amy Gilliland Maps GDIT’s New Tech Investment Strategy – MeriTalk

    MeriTalk recently sat down with General Dynamics Information Technology (GDIT) President Amy Gilliland to discuss the company’s new technology investment strategy. GDIT announced the new strategy on May 17, with ...
  • Currencies

    A Brief History of Money and its Global Impact

    Money, in the form of coins and currencies, has played a significant role in human civilization for thousands of years. From its humble beginnings as a means of trade to ...
  • Gold and Precious Metals

    Madison Metals Signs Multi-Year Uranium Forward Sales Agreement

    TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce the signing on May 30, 2023 of a ...
  • Stock Shares

    Stock market today: Wall Street drifts as job market stays solid

    NEW YORK (AP) — Stocks are drifting Thursday as reports on the U.S. economy painted a mixed outlook. The S&P 500 was 0.1% lower in early trading after eking out ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.