Germany woos Israeli entrepreneurs
Berlin offers €150,000 to Israeli teams looking to set up shop locally for at least a year.
November 9, 2015, 2:20 pm
President of the University of Potsdam, Professor Oliver Günter, the Parliamentary State Secretary at the German Federal Ministry for Economic Affairs and Energy, Brigitte Zypries, and the president of Tel Aviv University, Professor Joseph Klafter. Photo from: Project Management Jülich, Ralf Dolk
Germany’s Federal Ministry of Economic Affairs and Energy has announced a new grant program to woo Israeli entrepreneurs to its tech hubs.
EXIST Startup Germany is offering grants of up to €150,000 to young Israeli entrepreneurs at universities and research institutes who are starting up a new business, and are willing to set up in Berlin or Potsdam for at least 12 months.
The new program is actually an extension of an earlier project available to German innovators only. EXIST is meant to step up trade between Israel and Germany.
EXIST will act like an incubator and accepted startup teams will be given living stipends, access to VC networks, mentoring, office space and funding for other expenses.
The program is hoping to attract recent graduates with a focus on technology.
For over 16 years, ISRAEL21c has brought you the faces and places of Israel every day, spreading the word about Israel to millions of people in virtually every country around the globe. First of its kind, our content is originally researched, written and produced by seasoned experts directly from Israel.
We cannot do this without financial support from people like you. Become a GEM member and enjoy exclusive briefings from our staff and more - for $18 a month.