Position paper on venture capital – BIO Deutschland’s proposal to be implemented
On 25 September, the Federal Ministry for Economic Affairs and Energy (BMWi) presented the results of the government’s Roundtable Börse, which dealt with financing young and innovative companies. The biotech sector association BIO Deutschland expressly supports the efforts of the government to get things moving when it comes to financing innovative developments. The Task Force IPO and the Deutsche Börse Venture Network, as adopted in the roundtable, are important initiatives that will make the German stock exchange more attractive. The Federal Cabinet’s current key issues paper on venture capital also promises to implement a central requirement for improving BIO Deutschland’s innovation funding. The programme INVEST – Zuschuss Wagniskapital (INVEST – Venture Capital Grant) will be expanded, although not to the extent considered necessary by the association.