{"id":95647,"date":"2023-10-31T17:00:00","date_gmt":"2023-10-31T16:00:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=95647"},"modified":"2023-10-31T15:40:45","modified_gmt":"2023-10-31T14:40:45","slug":"new-component-of-the-future-fund","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/95647\/new-component-of-the-future-fund\/","title":{"rendered":"New component of the Future Fund aims to strengthen women or diverse fund teams"},"content":{"rendered":"
\n

The German Federal Government is expanding its investment fund for future technologies, the so-called Future Fund, with a new module: With immediate effect, KfW Capital is offering the \u201cEmerging Manager Facility\u201d (EMF), a program with which the VC arm of the development bank\u00a0KfW<\/a> will invest in smaller private venture capital (VC) funds managed by women or gender-diverse teams.<\/p>\n\n\n\n

These are often very young teams entering the VC market for the first time, so-called "emerging managers." The VC funds can receive a maximum of EUR 12.5 million and a maximum of 25 percent of KfW Capital's fund volume through the EMF. As with all other programs, KfW Capital invests in the emerging managers' VC funds under the same conditions as private fund investors after successful completion of standard due diligence (DD).<\/p>\n\n\n\n

\u201cMore diverse VC fund teams can create new opportunities\u201d<\/h2>\n\n\n\n

The EMF is another component of the Federal Future Fund<\/a>, which KfW Capital is coordinating on its behalf. Various measures to promote future technologies will be bundled under the Future Fund. A total of approximately \u20ac200 million from the Future Fund will be available for the new program until 2030. J\u00f6rg Goschin<\/strong>, Managing Director of KfW Capital, explains:<\/p>\n\n\n\n

"With the EMF, women or gender-diverse VC fund teams gain targeted, improved access to capital. With our expertise as an experienced fund investor, we are pleased to now introduce and implement this important component of the future fund in the market. To further develop the VC market, we need not only more capitalized funds but also a larger number of emerging funds, which often occupy technological niches in the market upon their market entry. More diverse VC fund teams can create new opportunities."<\/p><\/blockquote>\n\n\n\n

EMF invests sector-agnostically, and the target funds are independent in their investment decisions. VC funds with a maximum fund size of \u20ac50 million are generally eligible to receive an EMF investment. Furthermore, the teams must meet at least one of the following three criteria:<\/p>\n\n\n\n