Annual Report 2018 (IFB Innovationsagentur Hamburg)

Summary

• IFB Hamburg was founded in 1953 as a housing credit institution and renamed on 1 August 2013 after an expansion of its tasks; it is fully owned by the Free and Hanseatic City of Hamburg.p.2
• In 2018, the Hamburg-Kredit Gründung und Nachfolge supported around 200 projects, covering both new businesses and takeovers.p.4
• These loans secured around 500 jobs and created about 100 new positions.p.7
• Seven innovative startups received risk capital in the form of open equity stakes totalling 1.4 million euros in 2018.p.9
• The second funding route accounts for around 15 % of housing funding.p.15

Key insights

1. IFB Hamburg advised around 650 projects and reached around 5,500 people at more than 60 events.p.7
2. The Innovationsstarter Fonds Hamburg provided 1.4 million euros of risk capital to seven startups in 2018.p.9
3. A funded investment in an electronic printing component reduced paper consumption at Beckerbillett by around 30 percent.p.10
4. Around 670 housing units received heat insulation funding in the building stock.p.11
5. For its housing programmes, IFB Hamburg approved loans of 424.9 million euros in nominal terms, of which 126.8 million euros were KfW pass-through loans.p.14
6. Grants of 236.2 million euros were also awarded for housing programmes.p.14
7. Funding commitments covered the construction of 3,032 new housing units.p.14
8. More than half of the approved apartments have two rooms or fewer and a maximum of 60 m².p.15