Record number of EXIST start-up grants awarded in 2020

Despite the corona pandemic, the Federal Ministry for Economic Affairs and Energy (BMWi) has documented a record number of applications and approvals for EXIST start-up grants. The University of Stuttgart ranks in the top four universities with the most approvals.
[Picture: EXIST]

With 426 applications for EXIST start-up grants [de] in 2020, the demand for start-up funding from the BMWi was the highest since it began in 2007. At 229, the number of approved start-ups also reached a new record. In comparison to 2019, this is an increase of 63 applications and 10 approvals; the approval rate is 54 percent. This shows the initial sucess of the new start-up funding culture by EXIST Potential [de], which aims to increase the number of start-ups.

Top 10 for approvals in 2020

  • Technical University of Munich: 17 approvals
  • RWTH Aachen University: 15 approvals
  • Technical University Darmstadt: 7 approvals
  • University of Stuttgart: 7 approvals
  • University of Applied Science Munich: 6 approvals
  • Technical University Berlin: 6 approvals
  • University of Potsdam: 5 approvals
  • Leibniz University Hannover: 5 approvals
  • Karlsruhe Institut of Technology (KIT): 5 approvals
  • Technical University Braunschweig: 5 approvals
  • It is also pleasing to note that the number of female entrepreneurs has risen from 16 percent in 2019 to 18 percent in 2020. One of the aims of the EXIST start-up grant is to encourage female entrepreneurs and awaken their start-up mentality [de], and to motivate female students, graduates and scientists to consider becomming self-employed entrepreneurs.

    Bavaria received the most approvals for EXIST start-up grants (49 approvals from 89 applications), followed by North-Rhine Westphalia (36 approvals from 75 applications) and Baden-Württemberg (31 approvals from 78 applications).

    The most popular technology sectors in 2020 included the software sector, with 150 applications; followed by the internet sector with 64 applications and the field of communication technologies with 35 applications.

    EXIST start-up grants for Uni Stuttgart start-ups

    New companies at the University of Stuttgart regularly receive EXIST start-up grants. One example is the Startup Twenty-One Semiconductors , which has been granted funding from High-Tech Gründerfonds.

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