Financing up to € 100.000
Startups that have been accepted into the SCALEup program can apply for the STARTKapital program developed together with the Vienna Business Agency and supported by the City of Vienna and thus receive up to € 100,000 in equity capital.
In return, INiTS receives virtual shares (non-voting participation rights) in the start-up. A fictitious valuation of € 1,000,000 is used.
Therefore, a positive assessment in the investment advisory board, which takes place twice a year (after each Startup Camp) is required. This committee consists of investors and shareholder representatives.
Significant advantages for the startup include:
- Financing through equity capital at a very early stage
- Free availability of financial resources
- Fast and unbureaucratic processing
- No transfer of voting rights
- No de minimis relevance
When the startup is later financed by equity capital, the shares acquired by us will gradually be repaid.