The EXIST Business Start-up Grant supports students, graduates and scientists who want to turn their business idea into a business plan. The start-up projects should be innovative technology or knowledge based projects with significant unique features and good commercial prospects of success.
You are an international student, graduate or scientist from Technische Universität Braunschweig, Ostfalia or a locally based research institute? And you plan to start an innovative business in Germany? Great! The German Federal Ministry for Economic Affairs and Energy has set up the EXIST funding program, which can support you to establish your startup!
Please find below information quoted from the EXIST website. If you wish to know more about this funding program, please contact the Entrepreneurship Hub email@example.com or use the button at he bottom of this page.
Please note: We do not exclusively support students and founders from TU Braunschweig. You may as well choose to contact TU Braunschweig’s TTO directly under: https://www.tu-braunschweig.de/technologietransfer/gruendung/foerderprogramme/index.html?lang=en
What is the EXIST Business Start-up Grant?
The EXIST Business Start-up Grant is a nationwide program set up to fund early-stage start-ups from universities and other research institutes. The program provides funding for the development of an idea for a product/service, as well as the business plan, up until to company launch.
What is eligible for funding?
- Innovative technology-oriented start-up projects
- Innovative services offering substantial benefit for the client based on scientific findings indicative of a unique selling point on the market
Who is eligible to receive funding?
- Academics and non-university researchers
- Graduates or former research assistants (up to five years after graduation/leaving the institutes)
- Students who have completed at least half of their study at the time of application
- Start-up teams of up to three people. One of the team members can be a person possessing a recognized voca- tional qualification or who completed university educa- tion more than five years
How does funding work?
- Maximum period of funding: one year
- Subsistence grant depending on degree already obtained:
- Doctorate: € 3,000/month
- Graduates: € 2,500/month
- Non-graduate professionals with a recognized vocational qualification: € 2,000/month
- Undergraduates or students: € 1,000/month
- Extra support for parents: € 150/month/child
- Material expenses: up to € 10,000 for start-ups set up by an individual (up to € 30,000 for teams)
- Start-up-related coaching: € 5,000
What steps need to be taken?
- Applications for funding must be submitted by the university or research
- Applicants must provide a summary report outlining their business
- The university or research institute designates a mentor who commits to providing specialist A start-up network ensures that the entrepreneurs receive the necessary support.
- The university or research institute provides the entrepreneurs with the relevant infrastructure for one
Applications can be submitted at any time to Project Management Jülich, which has been commissioned to run the program on behalf of the Federal Ministry for Economic Affairs and Energy.
More Information at
EXIST is a funding program set up by the German Federal Ministry for Economic Affairs and Energy (BMWi) and co-financed by funding from the European Social Fund (ESF).
The ‘EXIST – University-Based Business Start-Ups’ programme receives funding from the Federal Ministry for Economic Affairs and Energy and from the European Social Fund.