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Startup revolution: Saxony and Thuringia are relying on new start-ups!
Saxony and Thuringia are promoting the doubling of knowledge-based start-ups by 2030 through the “boOst Startup Factory”.
Startup revolution: Saxony and Thuringia are relying on new start-ups!
In an exciting step to promote entrepreneurship in Saxony and Thuringia, the “boOst Startup Factory” start-up initiative is starting with major support from the federal government. Loud diesachsen.de The consortium is one of the ten winners in the “Start-up Factories” competition run by the Federal Ministry of Economics. And that brings with it significant funding of up to ten million euros in the form of federal funds, supplemented by an equal amount from industry.
The goal of this initiative is clear: by 2030, the number of knowledge-based start-ups in Saxony and Thuringia should double from around 100 to 200 annually. The focus is particularly on at least 50 new start-ups from deep tech areas, such as semiconductor technology, photonics or medical technology.
Strong partnerships
The project is led by the Technical University of Dresden and the University of Leipzig, which have teamed up with eight other universities in the region as well as well-known industrial partners such as Infineon, Bosch, Zeiss, X-Fab and Volkswagen. The boOst Startup Factory in Dresden is committed to giving founders not only financial access, but also access to industry partners and a solid infrastructure.
“We want to establish a new start-up culture in East Germany,” explains managing director Marco Weicholdt. This would allow young entrepreneurs to flourish in the region, which not only benefits the local economic cycle, but also raises innovations into a global environment.
Support from the federal government
The initiative is also in the context of a larger plan by the federal government, which launched a competition for startup factories in the summer of 2024. According to a press release from Bitkom The promotion of spin-offs from the scientific community is a central goal. 76 percent of startup founders believe improving the transfer infrastructure at universities is important, which underlines the urgency of this initiative.
“We need to strengthen the German startup ecosystem and that is why we need to quickly establish new startup factories,” says Dr. Ralf Wintergerst, Bitkom President. Linking the regional economy and initiatives such as the high-tech agenda and planned AI gigafactories plays a crucial role in securing Germany's digital sovereignty and sustainably increasing the number of start-ups.
The implementation of the boOst Startup Factory is scheduled to begin on October 1st. This opens up exciting prospects for founders in the region, who can now look optimistically to a blooming future.