MyAutoData certified as INVEST eligible by BAFA and BMWi
Terrific news from BAFA. Private MAUD investors are supported by the german government with state venture capital! We are hugely excited and honored.
The German Federal Office of Economics and Export Control (BAFA) has issued MyAutoData a notice of eligibility under the INVEST funding measure of the German Federal Ministry for Economic Affairs and Energy (BMWi) to subsidize venture capital from private investors for young innovative companies.
Through INVEST, the BMWi supports private investors (especially business angels) with a 20 percent acquisition subsidy for an investment in young innovative companies. In order to compensate for the taxes due on capital gains, capital gains are also subsidized with a flat rate of 25 percent.
This offers a gigantic opportunity for investors seeking an investment in MyAutoData.