With aws First Incubator, we support young, innovative people on their way to having their first very own company – with a dash of entrepreneurial spirit, with guidance and resources, and with professional coaching and financial support, and with the aws first community and a network of experts.
What is funded?
Development of ideas through to first steps on the market
Sector
all - few exceptions (see program document)
Target group
Natural persons and legal entities,partnerships and sole proprietorships (SMEs)
The target group may vary depending on the focus of a call.
Funding procedure/instrument
Call | Grant, Coaching
Project volume
max. EUR 55,000 per project
Further details on the eligible costs can be found in the respective tender documents.
Project duration
maximum 2 years
Submission deadline
Call #1 for persons aged 18 and over (no age limit) and suitable for multilingual submissions (English as project language): May 7 - June 27, 2024
Call #2 for people aged 18 to 30 and German-language submissions (German as project language): May 23 - July 11, 2024
Approval period
2 month
Industries
All – few exceptions (see program document)
Company size
Projects with 1 - 4 project members
Development phase
- Pre-foundation phase: from business idea to business model
- Young businesses (formation of the company not longer than 6 months ago, previous net sales not more than 10,000 euros.)
- You are innovative people with an entrepreneurial spirit.
- All persons are between the age of 18 and 30.
- You have a first innovative idea that can be developed into a business model and / or for which you still need essential know-how for your first steps on the market.
- You meet the requirements of the program document.
Success rate
10 – 20 %
Type of support
- Coaching and mentoring by experienced experts
and founders - Personnel costs
- Project budget
- Workshops on matters that are relevant to start-ups
- Classes for further developing the idea
- Coworking space
- Travel expenses
- Network: aws First Community, events, excursions
Funding amount
- Up to EUR 55,000,- per project (see respective tender documents).
- If the project includes at least one woman who will own or already owns more than 25 % of the business, the possible funding amount is increased by up to EUR 5,000,-.
Eligible costs
- Personnel costs
- Material costs
- Third-party costs
- Rental costs
- Travel expenses
Project duration
1 - 2 years
Disbursement
- personnel costs: monthly
- Project budget: in 2 – 3 tranches upon reaching predefined milestones
Repayment
Nonrepayable
Costs
None
Additional funding
Within the framework of the AGVO and the de minimis ceiling, you can combine the following subsidies with aws First Incubator:
- Companies which were founded more than 6 months ago
- Projects without any product or process innovation
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