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Fundings (in German)
The digitalization of companies and ordinary customer touchpoints, from booking online services to the online processing of complex business transactions, has occurred nearly everywhere. Many companies have thought about it and perhaps already considered a management consultancy on the topic of digitalization. Perhaps you are now asking yourself the question: Can I afford digitalization at all?
Since Germany lags at the bottom of the global rankings with regard to digitalization, the Federal Government has set up various grant-funding programs with the aim of promoting digitalization in as many areas of society as possible. In this blog post, we present various financing options for innovative digitalization projects for SMEs and what requirements you should pay attention to in order to receive a state subsidy for the digitalization of your company. With digitalization, you not only simplify internal processes, but you also offer your customers a great digital experience when purchasing your services or goods.
go-digital supports digitalization projects with budgets of up to 16,500 Euros. The target group are SMEs and craft businesses that meet certain requirements:
The go-digital grant-funding program supports small and medium-sized enterprises (SMEs) and craft businesses that want to digitalize and optimize their business processes. The SME is supported by authorized consulting companies such as codafish. codafish accompanies you from the initial consultation through to the application process, while also providing practical support in the implementation of the digitalization process.
Five different conveyor modules, which can be combined with each other, are available:
The Digital Market Development module promotes the development of online marketing strategies and the professionalization of the online presence. The measures are intended to help the company maintain and increase sales and competitiveness long term.
With the Digitized Business Processes module, go-digital promotes the introduction of e-business software solutions that digitalize the workflows in the company as much as possible in all areas. Some workflow examples: Shipping and returns management, logistics, warehousing, electronic payment methods.
The IT Security module promotes all measures that bring more security to the company. Weaknesses in the existing or newly planned ICT infrastructure are identified here. The goal is to minimize economic damage and the risk of cybercrime.
The Digitalization Strategy module promotes the development of new digital business models or processes. Processes suitable for consideration are, for example: needs analyses, feasibility analyses and risk assessments.
The Data Competence module supports projects that revolve around the acquisition and generation of data and the use of artificial intelligence (AI) in data processing. An important aspect is also the GDPR-compliant handling of data.
The rate of grant funding is 50% of a maximum daily consultant rate of 1,100 euros net. As the grant-funded company, you only pay a partial contribution to the consulting company. A maximum of 30 consultant days can be claimed, which can be combined with different modules. The digitalization project must be completed within 6 months.
Example:
After you (the company) and codafish (the consulting company) have agreed on the scope and procedure of your digitalization, we find that we will need a total of 40 consulting days in three modules for the project.
40 x 1.100 Euro = 44.000 EUR
go digital grant funding: 30 x 1.100 Euro = 32.000 EUR with 50 % = – 16.500 EUR
Your contribution: 27.900 EUR
codafish is an authorized consulting company for the grant-funding program. We advise and support you in your digitalization project. And, best of all: codafish will take care of your funding application for you!
The Digital Jetzt grant-funding program is aimed at medium-sized companies from all sectors, craft businesses and professionals. Digital Jetzt supports projects with a maximum budget of 50,000 Euros. In certain cases, up to 100,000 Euros.
The SME must meet the following requirements:
The grant-funding program is divided into two funding modules:
A combination of both modules is also possible with Digital Jetzt.
The maximum amount of grant-funding per company is 50,000 Euros. For investments in value chains, the grant-funding amount can be up to 100,000 Euros.
The subsidy is calculated in proportion to the investment costs. The funding rate is staggered according to the number of employees:
Important note: In contrast to go-digital, the application for grant funding is submitted by the requesting company, itself. The possibility of submitting an application for grant funding is also determined on a monthly basis as part of a random procedure. Find out about the conditions on the BMWK website:https://www.bmwk.de/Redaktion/DE/FAQ/Digital-Jetzt/faq-digital-jetzt.html
BAFA funding is aimed at young companies based in Germany. Companies can seek advice from qualified consultants on topics such as: economics, finance, human resources or matters related to their organization. Existing companies and companies in difficulty can also be advised.
The company can seek advice on all economic, financial, personnel and organizational issues relating to corporate governance.
Special consultations are also grant-funded, such as: business management for women entrepreneurs or immigrants. There is also grant funding available for topics such as sustainability and environmental protection, as well as for recruiting and securing skilled workers.
The amount of the grant is based on the maximum eligible consulting costs (assessment basis) and the location of the company. The subsidy ranges from 1,500 – 3,200 Euros. The exact amounts can be found in the overview of funding on the BAFA website:https://www.bafa.de/DE/Wirtschaft/Beratung_Finanzierung/Unternehmensberatung/unternehmensberatung_node.html
It is also interesting to learn about grant-funding programs within your own federal state. For this article, we have briefly summarized one program each for Hamburg and Baden-Württemberg. For more detailed information on the terms and conditions of the grants, please consult the respective funding agencies.
The Hamburg Digital funding programs supports digitalization through two modules.
Module I: Hamburg Digital “Check” funds spending on consulting services provided by consultants with a go-digital certification.
In Module II: Hamburg-Digital Invest, investments for the implementation of strategies and concepts can be funded. Module II also allows funding for ICT hardware and software.
An application can only be made for eligible expenses from 3,000 Euros.
In Module I, expenses for consulting services are subsidized in the amount of 50% of up to the maximum funding amount of 5,000 Euros.
Module II, on the other hand, provides for 30% of the investment project’s expenditure. The maximum grant funding amount is 17,000 Euros.
More information about IFB Hamburg’s Hamburg Digital Funding:https://www.ifbhh.de/foerderprogramm/hamburg-digital
Companies that:
Digitalization of processes in the company. Furthermore, the optimization of ICT security and the costs of hardware and software, as well as related services and training, can be grant funded.
For an eligible expenditure of 5,000 Euros up to and including 40,000 Euros, 40% will be grant funded, to a maximum of 4,000 Euros. If the eligible expenditure amounts to more than 40,000 Euros up to and including 100,000 Euros, it will be funded at a value of 10%, to a maximum of 10,000 Euros.
Read the exact conditions on the L-Bank website and inform yourself about the loan variant options: https://www.l-bank.de/produkte/finanzhilfen/digiplus-zuschuss.html
We are happy to advise you on all questions about go-digital and take care of your funding application for you. Would you like to find out whether your company can claim grant funding through go-digital? Fill in the contact form or call us directly: 00800 2632 3474
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