Startups: Germany to invest 12 billion euros by 2030 to strengthen startups

Germany will invest around 12 billion euros ($13.35 billion) to strengthen the venture capital environment for Startupsaccording to a statement signed on Tuesday at the Startup Germany Summit.

The declaration, signed by the government, business associations, the state-owned bank KfW and stakeholders in the sector boot environmentincludes measures to improve business conditions in Germany and encourage innovation.

“This will mobilise private investment in venture capital, start-ups and innovative technologies,” said the German Chancellor. Olaf Scholz “This strengthens the German venture capital market and the economic position as a whole,” he says.

(1 dollar = 0.8990 euros)

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