Co-financing necessary company investments with public funding programs leads to more business success and future security, says Kai Schimmelfeder. For over twenty years, he has been working as a funding expert for company investments directly involved in business operations.
Another insight: When business leaders consider the topic of public funding, the idea may arise that the EU invests a lot of money in funding pots and entrepreneurs just need to tap into them. However, it's not quite that simple. To apply for funding for specific investments and to understand how to utilize the right funding from over 5,100 funding programs, the company needs the right information.
Smaller and medium-sized enterprises often struggle to obtain funding. Funding expert Kai Schimmelfeder knows how small and medium-sized companies can receive financial support. The next public lecture with Kai Schimmelfeder will take place on February 28th. This time in Weiden in the Upper Palatinate (Bavaria). There, companies and startups will learn how the success factor of funding can be activated.
What are funding programs for?
There are various types of investments that can be co-financed through public funding programs. These include the purchase of machinery and equipment, acquisition costs in a business purchase, personnel costs for innovation projects and developments. Currently, digitalization is a focal point in the federal and state funding programs. This includes the topic of cybersecurity and investments in data security protection. The startup sector also has access to many public funding programs, allowing them to financially navigate through the risky startup phase with co-financing. More and more companies are also adding investments in virtual reality and artificial intelligence to their investment lists.
Public funding programs express the desire of German economic policy for more companies to invest more in the future. The fact that public funding is always a priority for the economic and finance ministers can be seen in the numerous laws and regulations associated with applying for funding programs.
What types of funding programs are available?
Single-enterprise funding focuses on small and medium-sized enterprises and the middle class. Often referred to as SMEs (Small and Medium Enterprises with fewer than 249 employees). The EU, the federal government, and individual states provide a variety of financial aids in the form of public funding programs.
There are seven main areas to distinguish:
- Grant for investments
- Grant for interest
- Low-interest loan
- Guarantees, default guarantees
- Public participation
- Liability waiver
- Equity supplementation program
These core areas are put together differently for various occasions, project sizes, companies, regions, and business durations, or they are individually processed for each project.
Overall, funding is also based on Paragraph 12 of the Stability and Growth Act (StabG). This explains public funding through subsidies as follows and aims at: "The preservation of companies or sectors, the adaptation of companies or sectors to new conditions, and the promotion of productivity progress and growth of companies or sectors, especially through the development of new production methods and directions."
Top benefits and advantages of funding – What's in it for you?
The benefits vary in each investment project, but it can be quickly realized that funding programs can offer many financial and economic advantages:
- Protection and creation of equity
- Provides interest advantages
- Enables growth leaps
- Secures and expands liquidity
- Utilizes non-repayable grants
- Improves creditworthiness
- Reduces labor costs
- Reduces depreciation expense
- Increases profits
- Quickly increases market share
- and more
Considering these aspects of benefits and what they mean for each company, one must further delve into the topic of funding.
The next opportunity for a public lecture with the funding expert and T o p S p e a k e r Kai Schimmelfeder is on Thursday, February 28, 2019, from 6:30 pm to 8:30 pm. Location: Oberpfalz Medien - Media Room, Weigelstraße 16, 92637 Weiden, Registration deadline: Friday, February 22, 2019
Registration by phone is possible at 0961/85-501
by email at leserservice@oberpfalzmedien.deor
online at https://www.onetz.de/pr/weiden-oberpfalz/erfolgsfaktor-foerdermittel-premiumvortrag-id2613256.html
