Annual Report 2019 (IFB Innovationsagentur Hamburg)

Summary

• Approved loans rose to €641.6 million from €474.8 million, and approved grants to €292.0 million from €263.7 million.p.2
• Funding commitments were granted for 3,551 new rental flats, of which 3,058 in the 1st funding path and 493 in the 2nd.p.26
• The Hamburg-Kredit Gründung und Nachfolge supported 223 companies with a funding volume of about €27 million, enabling investments of over €61 million.p.13
• Through InnoFounder and InnoRamUp, 34 innovative startups were funded with a total volume of about €3.4 million.p.16

Key insights

1. Since 2014 more than 1,200 people used the Hamburg-Kredit Gründung und Nachfolge, with about €25 million of loans and about 1,300 jobs created or secured each year.p.11
2. The PROFI programme family committed grants of €4.6 million to 19 Hamburg companies, with a project volume of €9.2 million.p.17
3. IFB Hamburg and IFB Innovationsstarter support about 50 startups a year and describe themselves as the most active capital provider in Hamburg.p.16
4. The first matchmaking event of the Hamburg investor network drew about 50 business angels and other VC investors.p.17
5. Grants of €2 million for resource-saving technologies and efficiency checks save 371 tonnes of material, 7,510 tonnes of CO2 and 6,341 m³ of drinking water a year.p.21
6. In 2019 there were 85,854 flats with rent and/or occupancy restrictions in Hamburg, and over 5,300 new bindings were created.p.29
7. The average rent of first-path subsidised flats is €6.22/m², almost 30 percent below the 2019 Hamburg rent index.p.30