The Federal Government of Germany has announced the creation of the DeepTech & Climate Fund (DTCF) to support the country’s technology and venture capital financing expansion. This new fund, established by the German Government (Federal Ministry of Economics and Climate Protection and the Federal Ministry of Finance), will provide up to 1 billion euros of investment capital to companies at the forefront of deep tech and climate tech industries.
“Start-ups play a crucial role in securing our economy’s long-term competitiveness and eco-friendly transformation. The launch of the DeepTech & Climate Fund marks the implementation of a crucial aspect of the federal government’s start-up strategy. The fund bolsters Germany’s position as a hub for innovation by funding cutting-edge eco-friendly technologies. It supports the growth of successful, independent tech companies. This provides deep-tech companies with a bright future in Germany.” commented Federal Minister of Economics Robert Habeck
The DTCF aims to help technology companies grow and strengthen Germany’s position as a hub for innovation. The fund focuses on the capital-intensive growth phase of companies working in areas such as Industry 4.0, robotics, artificial intelligence, quantum computing, process automation, and technology-based business models such as digital health, new energy, smart city, new materials, and biotech. The goal of the fund is to provide long-term growth prospects for technology companies in Germany and to ensure the future competitiveness and economic success of Germany and Europe.
The management of the DTCF will be taken over by Dr. Elisabeth Schrey and Tobias Faupel starting on February 1st. The fund serves as a co-investor and partner for institutional investors and family businesses, providing them with an opportunity to invest in innovative technology companies.
The DTCF is a significant step forward in supporting technology companies in Germany and ensuring their continued growth and success. The federal government’s investment in the fund highlights the importance of innovation and technology to the future of the German economy and the success of Europe as a whole.
Photo by Christian Wiediger on Unsplash
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