The KfW Award Gründen is aimed at startups from all sectors that were founded since 2018. Companies acquired as part of a succession plan are also eligible to apply. All applicants must be based in Germany.
The competition's patron is Federal Minister of Economics Robert Habeck. The jury consists of representatives from KfW, development banks, politics, and business. They evaluate the business ideas based on their degree of innovation and creativity. Whether the concept embraces social responsibility or creates social added value also plays a decisive role. Economic success, ecological sustainability, and the promotion of an inclusive, diverse work environment are also considered in the assessment.
KfW Award Gründen: Prize money of 45,000 euros
One company from each German state will be honored, each receiving €1,000 in prize money. The companies honored at the state level will compete for the national title, which comes with an additional €9,000 in prize money. A special prize will also be awarded to a company that particularly impressed the jury. Following the competition, an audience award will be determined through online voting, and this award comes with an additional €5,000. KfW Capital will also be presenting the KfW Capital Award for the second time. This award is presented in the categories "Best Female Investor" and "Best Impact Investor," each with €5,000 in prize money. A total of €45,000 will be awarded.
Further information and the opportunity to apply can be found here.
