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Financing Innovation - Bayern Kapital

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<strong>Bayern</strong> <strong>Kapital</strong> GmbH<br />

Clusterfonds <strong>Innovation</strong> / EFRE<br />

<strong>Financing</strong> what?<br />

Clusterfonds <strong>Innovation</strong> / EFRE (CIE) are co-investing funds.<br />

They finance capital investment and working capital for<br />

innovation projects of young technological companies;<br />

EFRE with emphasis in rural areas:<br />

rr<strong>Financing</strong> especially during the research and<br />

6<br />

development, constitution and expansion phases<br />

rrIndustry: life-science, micro-system technology,<br />

communication technology, software etc.<br />

rrMaximum investment amount: 2m EUR<br />

rrSilent partnership or equity share<br />

Investment Conditions<br />

Investment conditions regarding equity share:<br />

rrConditions for equity share are identical to CIE<br />

and leadinvestor<br />

Investment conditions for silent partnership:<br />

rrFixed basic fee not contingent on earnings<br />

rrProfit related investment fee<br />

rrAppropriate exit-fee<br />

rrOnce-off fee amounting to 2% of the investment<br />

(not relating to EFRE)<br />

rrFlexible adjustment of the investment conditions depending<br />

on situation of the company (age, revenue etc.)<br />

rrDuration of the silent partnership: up to 31.12.2018

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