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Over 700 interested parties for new digitalization funding program

March 26, 2021


Abstract : According to the Ministry of Economic Affairs in the western German state of Rhineland-Palatinate, there is keen interest in the new "DigiBoost" funding program launched at the beginning of March, which supports small and medium-sized enterprises in the state to digitalize their work processes.

According to the Ministry of Economic Affairs in the western German state of Rhineland-Palatinate, there is keen interest in the new "DigiBoost" funding program launched at the beginning of March, which supports small and medium-sized enterprises in the state to digitalize their work processes. As of March 3,748 interested parties had taken part in information events organized by the chambers, the ministry said in response to an inquiry from the state parliamentary group of the far-right Alternative für Deutschland (AfD). The responsible granting agency, the Investment and Structure Bank Rhineland-Palatinate (ISB), had already received 210 complete applications.

The funding program was developed by the Ministry of Economic Affairs together with the Chamber of Craft Trades, the Chamber of Industry and Commerce, and the Chamber of Agriculture. It grants subsidies of up to 15,000 euros per company, for both hardware and software. Support is to be provided for setting up professional, individually programmed online stores, infrastructures for mobile working, or digital warehouse and logistics management, the digitalization of workshops or 3D printing. The offer is aimed at small and medium-sized enterprises with up to 100 employees, but also at the self-employed and freelancers.

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