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BAFA Certifies Leondra music With Eligibility For INVEST

4/30/2014

Leondra music was certified for eligibility for INVEST by the Federal Office of Economics and Export Control (BAFA) in Germany.

"INVEST - Zuschuss für Wagniskapital" (translation = subsidy for venture capital) is the new name for the "venture capital investment subsidy", which started in May 2013.
The funding policy has been adjusted after the first experience with the measure in order to better meet the peculiarities of the German venture capital market. 
The revised version of the directive came into effect on April 22, 2014 .

With INVEST - Zuschuss für Wagniskapital - it is intended to

  • support young innovative enterprises in finding an investor
  • encourage private investors - especially business angels - to allocate venture capital for these companies

Business angels and private investors who want to support Leondra music in the realization of our business plan, may submit a request to BAFA and get 20 percent of the sum refunded with which they participate on an equity basis in Leondra music. 
The shares, on the other hand, remain entirely at the investors. If an investor sells his shares after a minimum holding period of three years or if the company fails, the investor doesn't have to refund the subsidy.

For more information, see the flyer INVEST and the leaflet for investors.
(These documents are available in German language only. See BAFA website)

Interested investors please contact our CFO, Peter Reuschel (peter.reuschel@leondra.de).

Yours sincerely
Sandra Leonie Ritter
CEO Leondra music

 

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