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    The Zukunftsfonds ("Future Fund")

    KfW Capital is the coordinator of the Zukunftsfonds ("Participation Fund for Technologies of the Future"), which the German Federal Government adopted in 2021. Under this fund, approx. EUR 10 billion will be available for the quantitative expansion and qualitative enhancement of existing financing offers and the development of new instruments until 2030. In addition, the ERP Special Fund is participating financially in multiple instruments of the Zukunftsfonds. Together with further private and public partners, the Zukunftsfonds aims to strengthen the VC ecosystem with its various modules for the long term. KfW Capital is coordinating the individual elements of the Zukunftsfonds jointly with the Federal Ministry for Economic Affairs and Climate Action and the Federal Ministry of Finance as well as KfW, the European Investment Fund (EIF) and the High-Tech Gründerfonds (HTGF). Nine elements with a volume of more than EUR 10 billion are already active. Further modules for a total of EUR 1.75 billion (EUR 1.6 billion from the Zukunftsfonds and EUR 150 million from the ERP Special Fund) are planned.


    What is the Zukunfts­fonds, how does it work and what part does KfW Capital play in the coordination? The answers for these and more questions can be found here.

    The building blocks

    The Zukunfts­fonds consists of several modules that are interlinked and complement each other. This addresses the various financing requirements of the funds.

    Views on the Zukunftsfonds

    To mark its third anniversary, we asked key players from politics, the market and business for statements about the Zukunftsfonds.

    Further information