China News Agency, Berlin, April 1st (Reporter Peng Dawei) The German government announced on April 1st that it will provide 2 billion euros in bailout funds for German startups to cope with the impact of the new crown pneumonia epidemic. From that day, the country ’s first aid fund of 156 billion euros in economic relief plans has been paid to companies and individuals affected by the epidemic.
On March 25th local time, in Hillersheim, Germany, staff and volunteers converted the city hall into a medical center for the treatment of patients with the new coronavirus. The picture shows the reconstruction site of the Hillersheim Treatment Center.
German Minister of Economy and Energy Altmeier said on the same day that the German government will provide 2 billion euros in support for start-ups, new technology companies and small and medium-sized companies. "We will invest about 2 billion euros to expand venture capital financing. To enable promising German innovative startups to continue financing to secure jobs and German innovation capabilities. "
It is reported that the project's specific measures include: portfolio funds and fund-level public venture capital investors (such as Bank of China Renewal Credit Bank Capital, European Investment Fund, High-tech Start-up Fund, etc.) will receive additional public funds in the short term as a joint investment As part of financing startups with private investors.
In addition, portfolio fund investors KfW Capital and European Investment Fund (EIF) will receive additional public funds to take over shares from failed fund investors.
"This € 2 billion support project for start-ups will help start-ups weather the epidemic crisis." Robert Hermann, general manager of the German Federal Trade and Investment Agency, told China News Agency that the German economy needs innovative Mind, this is crucial for the future development of the German economy. (Finish)