FotoNow gets INVEST – grant for venture capital

Written by Anna Stuk

August 13, 2021

As a young innovative company, DeutschData, the owner of FotoNow, receives the grant for venture capital from the German Ministry for Economic Affairs and Energy (BMWi).

FotoNow was recognized as an innovative solution and thus DeutschData, which launched FotoNow, was admitted to the BMWi INVEST grant program. The grant is intended for Business Angels and applies to both share acquisition and exit. The investors who acquire shares of DeutschData can get a subsidy in the amount of 20% of the investment sum. In addition, the tax due on a capital gain can be compensated. The investor receives a tax compensation amounting to 25% of the gain from the disposal of the shares subsidized with the acquisition grant.

We are grateful for this opportunity to offer an advantage to investors and thus to grow sustainably.

More detailed information about the grant and requirements for an investor to participate in the program are listed on the website of BMWi: https://www.bmwi.de/Redaktion/DE/Dossier/invest.html

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