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10.08.21

BADEN-WÜRTTEMBERG STATE PARLIAMENT APPROVES APPLICATIONS FOR SUBSIDIES

The announcement came on 26 July: In a special session, the economic affairs committee of Baden-Württemberg’s state parliament approved applications for financial subsidies from 14 companies and two research institutes in the state. Five of the subsidies went to individual companies, and two were for joint projects.

The funding, 9.876 million euros, is supplied by Invest BW, a support programme for investment and innovation that was launched by the state government on 15 January 2021. The purpose of the programme is to mitigate the economic impact of the coronavirus pandemic by providing fast, unbureaucratic support to companies for investment in future technologies.

STOPA Anlagenbau GmbH will receive a subsidy as part of the joint project “X-Forge: Smart Factory as a Service”. The project will invest in the development of flexible outsourced production for enabling other manufacturers to combine their individual production steps in a modular fashion.

The pandemic has had a considerable impact on the economy. On 16 April 2021, the applications for support that had been submitted to the economic affairs committee totalled 159 million euros – all the more reason to say thank-you for this help.

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