The exist Business Start-Up Grant
The EXIST Business Start-up Grant supports students, graduates and scientists from universities and research institutes who want to start-up and develop their innovative business idea. The start-up projects should be technology or knowledge-based projects with significant unique features and good commercial prospects of success.
Who can apply for funding?
- Scientists from public, non-profit research institutes/universities
- University graduates and former academic staff members (up to five years after getting a degree or dropping out).
- Students who have completed at least half of their studies at the time of applying.
- Entrepreneur Teams of up to three people. Teams that are made up of a majority of students are only funded in exceptional cases.
- One of the maximum of three team members may have a qualifying professional education and can be funded as the technical staff or one of the team members may have a degree that is more than five years old.
What kind of projects are we looking for?
The “EXIST Business Start-Up Grant” funds
- Innovative technology based start-up projects.
- Innovative knowledge based services based on scientific findings.
How does the funding work?
- The grant covers personal living expenses:
- Entrepreneurs with a doctorate receive 3,000 euro/month
- Graduates with a university degree receive 2,500 euro/month
- Students receive 1,000 euro/month
- Child benefit: 100 euro/month per child
- Materials and equipment: worth up to 10,000 euro for solo start-ups (for teams max. 30,000 euro)
- Coaching: 5,000 euro
- The maximum period of funding is one year.
What do the university, research institute and entrepreneurs have to achieve?
The university or research institute
- is involved in an Entrepreneurial Network.
- provides the entrepreneur with a mentor, a workplace and guarantees free use of infrastructure.
- manages the grant
- receive coaching services from the Entrepreneurial Network.
- participate in a one-day “Entrepreneurial Personality” Seminar.
- present a first draft of the business plan after five months.
- submit the business plan after ten months.
- take on the responsibility of making tax and national insurance payments.
Is it possible to launch the business during the funding phase?
- Yes, but the launch should not take place at the beginning of the funding.
Who submits the application?
- Research institutes
When can the application be submitted?
The application may be submitted at any time.