The KFW provides attractive funding opportunities for start-up coaching!
Since 2007 the ESF-project “Gründercoaching Deutschland” has helped tens of thousands of start-ups on their way to develop a sustainable business plan and to succeed on the open market. The program has been administrated by the KFW since the funding period 2007 to 2013 and will continue until the end of the current period (2014 to 2020).
In the framework of this project, the KFW offers attractive possibilities for the funding of business founders coaching. It provides a partial payment for professional coaching for those who are setting up their own business. New freelancers can receive up to 3000 euro for professional counseling as a public support in order to become a competitive business company. The funding is especially designed to help female founders, migrants and those who can count on family-friendly working conditions. In general, the coaching should provide skills in economic, financial or organizational affairs to optimize one’s abilities to compete on the open market with accompany recently set-up.
The Credit Institute for Reconstruction (Kreditinstitut Für Wiederaufbau) is a public-law institution and is subordinated to the German Ministry of Finances. The funding bank is in charge of many different kinds of public funding. Among other things they offer credits for small and medium-sized companies, infrastructures, house building or financing power efficient technologies.
In the “new” German states (except for Berlin and the Region of Leipzig), the public funding ratio is 75 percent of the consulting fee. In the old federal states of Germany including Berlin and the region of Leipzig the fund is 50 percent of the consulting-fee.
• The net price of the coaching must not be higher than 4000 Euros.
• The wage per hour must not be higher than 100 Euros.
• The coaching should not be longer than 8 hours.
• The start-up needs to be kicked off during the last 2 years.
All in all the KFW provides a highly recommendable funding opportunity for company founders. The program (“Gründercoaching Deutschland”) will help recently created start-ups to improve their competitiveness and to develop a profitable business plan.