Aid for German SME research projects approved
The European Commission has approved the continuation of a German risk capital scheme for small technology companies involved in research. Under the scheme, investors will receive a guarantee for part of their investment when it is injected into research projects in young technology projects. The scheme will make available 192.5 million euro between now and 2002. Recent studies have shown significant potential for new technology businesses in Germany which require significant funding for research activities during their early years. One of the biggest obstacles for small technology companies is the lack of financing, as banks are often wary of the high risk and management costs involved in such projects. int a
Countries
Germany