aws First Incubator

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.

Industries

All – except for

  • Fishing industryand aquaculture, primary production of agricultural products
  • Banking and other financial sectors
  • Insurance and real estate
  • Regional and local authorities
  • Legal persons in which regional and local authorities directly or indirectly have more than a 50% interest

Company size

Teams with 2–4 people

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 5,000 euros.)

Requirements

  • You are innovative university students, school graduates with an entrepreneurial spirit.
  • All team members are between the age of 18 and 30.
  • You have a first idea that can be developed into a business model.
  • You meet the requirements of the guideline.

Success rate

30–35 %

Type of support

  • Coaching and mentoring by experienced experts
    and founders
  • Scholarships or personnel costs of up to 19,200 euros per team
  • Project budget: up to 20,000 euros
  • 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

  • Project budget of up to 20,000 euros
  • Scholarships or personnel costs of up to 19,200 euros per team

Eligible costs

  • Living expenses
  • Material costs
  • Third-party costs
  • Travel expenses

Project duration

1 year

Disbursement

  • Scholarships/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:

  • aws Innovations with creative economic input
  • aws Preseed
  • aws Seedfinancing

 

  • Companies which were founded more than 6 months ago
  • Projects without any product or process innovation

Deadlines and dates

March 15th – April 26th, 2021


Application, selection and approval

In case you missed the last call or you didn’t have the chance to apply for the aws First Start-up Lab 2021: Now you have the chance to get a wildcard to get into the program (starting in July 2021) and a project budget of up to 20,000 euros!

  1. Make a business plan
  2. Make an investment plan (proposed budget)
  3. Send the business plan & the proposed budget along with your personal details to e.troescher@aws.atdeadline April 26th, 2021
  4. Have a look at the downloads for further information

We will inform you in writing as soon as possible.


Duration of the approval process

1 month after the application deadline

Your contact

Elena Maria Tröscher, BA
Elena Maria Tröscher, BA
Kreativwirtschaft | Entrepreneurship