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Technology funding and market launch: Saxony supports innovative companies with 2027 million euros until 740

Since the beginning of 2023, the Free State of Saxony has launched a number of funding programs for innovative companies. With the support of the European Union, around 740 million euros are available for new technologies and their market launch. This sum is divided between the ERDF/JTF technology funding, the MINT specialist program ESF Plus and the ERDF-funded market launch of innovative products, processes or services.

Under the motto "Europe promotes Saxony", the Saxon Ministry of Economic Affairs will be informing interested companies about the programs in the field of technology promotion and market launch this Wednesday from 17 p.m. in Leipzig. On this occasion, Economics Minister Martin Dulig says: »Developing new products and ideas requires strength and perseverance. With the technology promotion and market launch programs, we continue to support Saxon companies in research, development and innovation. Even in challenging times, we support companies in developing new solutions and bringing them to market.«

 »ERDF/JTF technology funding 2021 to 2027« enables Saxony to continue to promote research and development (R&D) in small and medium-sized enterprises (SMEs) and their cooperation partners in the state. By the end of 2027, 600 million euros will be available for R&D project funding, technology transfer funding and the granting of innovation premiums. In addition, the previously independent funding of pilot lines in the field of key technologies according to the "KETs Pilot Lines" funding guideline has been integrated into the new funding guideline.

With the  »MINT specialist program ESF Plus 2021-2027« the Free State promotes the recruitment and retention of highly qualified specialists in Saxon SMEs. By 2027, a tried-and-tested and optimized range of funding consisting of an innovation assistant, "InnoManager", transfer assistant and "InnoTeam" should strengthen the innovative power of the Saxon economy. Around 100 million euros will be used for this.

In subsequent market launch projects, Saxony also supports SMEs and young, innovative companies (start-ups) in the current EU funding period. For this stand within the program »Market launch grant ERDF 2021 to 2027« around 40 million euros in ERDF and state funds are available.

Project ideas and funding applications can be submitted digitally via the funding portal of the Saxon Development Bank – Development Bank. You can find more information at www.sab.sachsen.de.

Source: Press release SMWA from 24.05.2023/XNUMX/XNUMX


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