The EXIST Lighthouse Competition, launched by the German Federal Ministry for Economic Affairs, aims to propel Germany's startup ecosystem by establishing up to ten 'startup factories.' These initiatives will receive matching funds up to €10M to foster science-driven startups, establishing stronger connections between universities, industries, and investors. The initiative focuses on scaling entrepreneurial ecosystems, ensuring sufficient private co-funding, and improving access to capital for innovation-driven spin-offs, ultimately enhancing the innovation landscape in Germany over the next decade.
The EXIST Lighthouse Competition: Startup Factories aims to enhance Germany's innovation landscape by significantly increasing both the quantity and quality of knowledge-based spin-offs over the next decade.
Ten selected winners will receive up to €10M in matching funds to scale highly integrated, science-driven startup ecosystems over the next five years.
Establishing 5-10 regional 'startup factories' as public-private partnerships creates internationally visible, excellence-oriented hubs to drive innovation and entrepreneurship.
The initiative plans to ensure at least 50 percent private co-funding and improve access to capital and infrastructure for high-growth technology startups.
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