Investitions- und Strukturbank Rheinland-Pfalz (ISB) and High-Tech Gründerfonds have signed a cooperation agreement to jointly invest in innovative technology businesses in Rhineland-Palatinate in the seed phase.
ISB is the development agency of the state of Rhineland-Palatinate, based in Mainz. It is responsible for economic and housing development in Rhineland-Palatinate. High-Tech Gruenderfonds is a public/private partnership that invests in young, high potential high-tech start-ups
They will make equity available to newly-established technology businesses in Rhineland-Palatinate with up to €600k in the first round of funding. Start-ups (particularly university spin-offs) will be supported to take research and development projects through to the prototype or feasibility stage, to market launch.