Technology Start-Up Fund

The case study presents the ‘Technology Start-Up Fund in Saxony’ (TGFS) that was created within the Operational Programme Saxony (ERDF) 2007-2013. The TGFS started work in 2008 and manages approximately EUR 60 million across two funds: the Seed Fund and the Start-Up Fund.The case study shows how the public sector and financial entities can work together to support the regional economy and promote the creation and growth of young and innovative SMEs. It describes the objectives of the fund, set up of the financial instrument, strategy, achievements and lessons learned.