📋 Tender Overview
The Invest BW funding program is entering the next round with around 200 million euros. With the continuation of Invest BW the country is setting the course to strengthen the domestic economy in global competition.The Invest BW funding program will start its second round as an innovation funding program on October 15 2021. With the approval of the finance committee on September 23 a continuation of Invest BW was determined. With a second tranche the state is providing around 200 million euros from the reserve Zukunftsland BW - Stronger out of the crisis . With the continuation of Invest BW we are laying the groundwork for promoting innovation in our country and strengthening our economy in global competition said Minister of Economic Affairs Dr. Nicole Hoffmeister-Kraut .In innovation funding technology-open and mission-oriented calls for funding will be published regularly until the end of 2022. The first technology-open funding call begins on October 15 and ends on January 15 2022. 40 million euros are earmarked for the first round of funding.Targeted promotion of future technologiesIt is important to me that we do not lose any time in our efforts to make Baden-Wrttemberg fit for the future. That is why we want to specifically promote future technologies and make an important contribution to solving major challenges such as climate protection explained Hoffmeister-Kraut. In a first technology-open call for funding for innovation we are therefore promoting cross-sector research and development projects that target new products services business models or service platforms the Minister of Economic Affairs continued. The aim is to open up new market areas and to increase productivity and competitiveness as well as the innovative strength of Baden-Wrttemberg companies.The focus is on small and medium-sized companies. They receive particularly attractive funding conditions said the Minister for Economic Affairs. Due to the corona pandemic many companies had to temporarily stop their innovation activities. The companies receive support from Invest BW in order to secure their innovative strength and competitiveness and to be able to survive in the competitive location. Innovations are the central lever to survive in a globalized world that is shaped by technological change towards more climate protection and increasing digitization said Hoffmeister-Kraut.Application from October 15thFunding applications can be submitted to the commissioned project management agency VDI VDE Innovation Technik GmbH on the funding programs website from October 15th. The deadline principle applies to the application. The submitted projects are evaluated according to defined funding criteria and from a competitive point of view. Further details and information on the application selection and evaluation of applications as well as the call for funding and the administrative regulations of the Ministry of Economic Affairs can also be found on the website. For interested companies there will also be an information event on all aspects of application on November 10 2021. Registration for the free web seminar is possible from October 15th using a form .By the end of 2024 the state will provide a total of 350 million euros as part of Invest BW for individual company funding and for measures to strengthen the research location. The Council of Ministers in 2020 Invest BW decided on 15 December as the largest industry-open single-company innovation and investment promotion program in the history of the country and granted 150 million euros in a first tranche.After the available funding in the first funding round had been awarded after a very short period of time the Council of Ministers decided on July 27 2021 to continue Invest BW as an innovation funding program and to provide a second tranche of up to 200 million euros from the reserve Zukunftsland BW - Stronger out of the crisis announced .
