
Bayern Kapital GmbH (founded at the end of 1995) is a wholly owned subsidiary of the LfA Foerderbank Bayern (Bavaria's development bank). Bayern Kapital's objective is to finance research and development as well as the market launch of new products, product diversifications and expansion of the market share. The requesting company has to be located in Bavaria. Industries are e. g. IT/software, life sciences, new materials, micro-systems & environmental technologies. Bayern Kapital and its funds have invested in more than 250 companies and currently manages funds to the value of EUR 340 m. The five investing funds currently managed by Bayern Kapital are: Seedfonds Bayern, Clusterfonds Start-Up!, Innovationsfonds, Innovationsfonds EFRE and Wachstumsfonds Bayern. Partner of Seedfonds Bayern is often the High-Tech Gruenderfonds, Bonn (www.htgf.de). The co-investing funds always cooperate with an Independent private investor A co-operating private investor (investment company, business angel) is obligatory, must not be a shareholder of the requesting company before and is investing in the project simultaneously:Co-operating private investor has to prove his excellence in technical and management know-howCapital investment from additional private investor must be equal to BK-investment except in special cases. For example the private investment of Business Angels only needs to be 30 % of the total investment at the earlystage-fundingBayern Kapital-funds as co-investor act in line with the market economy operator test using the same terms and conditions as the independent private investor (pari passu)Co-operating private investor supports technological company comprehensively for example in questions of strategy and its realisation. Investor uses his/her network contacts particularly with regard to potential customers and partnersConstant reporting to the Bayern Kapital-fund about the economic situation and project progressCommon exit