Frankfurt / Offenbach (dpa / lhe) – Hessian start-ups and small and medium-sized enterprises have called on aid from the state in the millions during the Corona crisis. From July to the end of November alone, the investment management company Hessen has promised liquidity investments of 5.2 million euros. Another 4 million euros were also applied for, as the Wirtschafts- und Infrastrukturbank Hessen (WIBank) announced on Friday in Offenbach. The average participation rate is 400,000 euros per company.
The state, WIBank and Beteiligungs-Managementgesellschaft Hessen have developed several initiatives to help companies in the Corona crisis – including start-ups. WIBank emphasized that additional funds from the state of Hesse have been available for liquidity investments since September. Specifically, the funds Hessen Kapital I and Hessen Kapital II have been provided with an additional 50 million euros in state funds.
“Many start-ups got caught in a sensitive initial phase, small businesses have to protect themselves from possible bankruptcy,” said Economics Minister Tarek Al-Wazir (Greens) and Finance Minister Michael Boddenberg (CDU). More equity means a chance for survival and a future.