Review your business idea


Prepare a business plan


Financing & public support


Business or liberal profession


Legal structure


Taxes & Accounting


Company insurance


Social insurance


Networks & contacts

Financing and public support

Good financing is important when going self-employed, so as to give the business idea a solid foundation.

You have various options for raising the capital for the start-up phase. The key factor is that it suits you and your business plans. If company founders themselves do not have enough money to provide capital, they can obtain external funding.

A common question is: How much will starting a business cost me? There is no simple answer to this. Every business has its own financing needs, depending on industry, legal structure, and the individually planned business idea. With our finance plan template you yourself can identify your need for capital.



Loans from your principal bank and public support loans (LfA and KfW promotional banks)

You can apply for a loan from a bank of your choice: your “principal bank” (“Hausbank”). Check out the services and terms offered by various banks. Start-ups can also access public support loans from the LfA and KfW development banks which you can apply for via your principal bank, just like any normal bank loan. For the bank, your business plan is the most important basis for decisions about whether or not to lend you money. It is therefore vital to ensure that you already have a complete, well-prepared business plan with you the first time you visit the bank.

Another important consideration with bank loans: Contact a principal bank and apply for a suitable loan before committing to any financial risks  such as signing contracts or purchasing equipment.

Loans from your principal bank

Whether or not you are given a loan depends critically on how the bank rates your creditworthiness (personal skills, economic reliability, future prospects of your start-up) and if the bank  sees the nonpayment risk as reasonable. To cover the possibility that you may not be able to repay the loan and the interest charged, banks will ask you to provide collateral.

Equity financing

Equity in the form of venture capital can complement a bank loan or be used as an alternative to it, with partners contributing this venture capital to your activities. They can be private  equity companies, venture capital firms or business angels. Business angels are experienced entrepreneurs who provide not only their capital, but also their expertise and networks.


Crowdfunding involves collecting money from a large number of people via an Internet platform to realize business ideas, products or projects.

Mehr Informationen:

Overview of funding opportunities for start-up and growth financing


LfA Förderbank Bayern – promotional bank


KfW Förderbank – promotional bank


Federal business start-up portal – Financing

Grants and subsidies

Grants and subsidies

There are many forms of financial help available to entrepreneurs. The following list includes only a small selection. Certain requirements must always be met when applying for funding and grants. Make sure to get advice!

  • Start-up grant from the Federal Employment Agency
    Start-up entrepreneurs who receive unemployment benefit (“Arbeitslosengeld”) before going self-employed can receive a start-up grant (“Gründungszuschuss”) from the Federal Employment Agency (“Agentur für Arbeit”).

  • Subsidies for coaching and advice
    Future startup entrepreneurs can apply for pre-start-up coaching support (“Vorgründungs-Coaching”) for the development of business expertise. The coaching support program contributes subsidies of 70 percent for management consulting. Are you planning to set up a commercial business? Then apply for the support program at your Chamber of Commerce and Industry (IHK). Are you planning to start in a liberal profession? Then turn to the Institute for Liberal Professions (IFB). Are you not sure which category your self-employment falls into? Read our feature “Business or liberal profession“.
  • Crowdfunding financing program of the City of Munich
    Entrepreneurs based in Munich can be financed up to EUR 3,000. Currently 50 percent of the costs for creative services involved in a crowdfunding campaign are covered, for example costs for videos, graphics, copywriting, PR, social media. Vist www.munich-business.eu for more information.
  • MunichCrowd: Follow-up financing from the Stadtsparkasse München
    Use the successul crowdfunding campaign as a convincing argument for your follow-up financing through MunichCrowd if you want to start a business as your main source of income.
  • Start?Zuschuss! Funding program by the Bavarian State Ministry of Economic Affairs, Regional Development and Energy
    The program is aimed at early stage technology-oriented business start-ups in the field of digitisation. Selected startups can receive funding to cover a maximum of 50 percent of their eligible expenses, up to EUR 36,000.
  • Innovative business ideas
    a) developing and funding new technologies

    Innovative and research-intensive start-ups in high-tech industries can apply for special subsidy and support programs and innovation vouchers for their R&D activities.
    Chamber of Commerce and Industry (IHK) for Munich and Upper Bavaria – Support programs for innovations
    Chambers of Skilled Crafts (HWK) for  Munich and Upper Bavaria –  Support programs
    Get advice from “Bayern Innovativ” to help you find the most suitable support program, tel. 0800-0268724, kontakt@projekttraeger-bayern.de
    b) non-technical innovations
    The federal funding program Innovationsprogramm für Geschäftsmodelle und Pionierlösungen (IGP) supports concepts of the creative industries, social startups, new platform models and many other innovations.
  • Funding program Digitalbonus Bayern
    With the Digitalbonus funding program, the Free State of Bavaria wants to support small businesses in equipping themselves for the challenges of the digital world. Digitalbonus
    enables companies to digitize through hardware and software and to improve IT security. English language leaflet (PDF,  83 KB) available for download.
  • Cultural and creative industries
    The City of Munich’s Cultural and Creative Industries team provides cultural professionals and creative individuals with free advice and support on self-employment and qualifications, networks, events and financing, finding studios, rehearsal space and exhibition space as well as assistance with applications and approvals procedures. A focus is on interim space in city-owned and private locations.
  • Trade fair participation programs
    Support programs of the Bavarian Ministry of Economic Affairs and of the Association of the German Trade Fair Industry
  • International expansion program
    The Bavarian support program “Start-up International” helps startups to prepare and successfully enter international markets.
  • Federal funding database
    A a central source of information on funding programs at federal, state and EU level.
  • Competitions for startups
    Check Munich Startup, the official startup portal for Munich and the surrounding region for selection of competitions.
  • Subsidies for startup entrepreneurs with severe disabilities
    The Integration Office “Inklusionsamt” at the Bavarian Centre for Families and Social Affairs (ZBFS) supports severely disabled founders with a range of financial services. These entrepreneurs can apply for help with costs for work assistance “Arbeitsassistenz“, professional training “berufliche Weiterbildung“, loans and subsidies for interest rates “Darlehen,  Zinszuschüsse“, assistive technical equipment “technische Arbeitshilfen“,  funds to finance an assistive vehicle  “Kraftfahrzeughilfen” or a disabled facilities grant “Wohnungshilfen“. Before applying for any of these services you need to file an application “Antrag auf Leistungen zur Teilhabe am Arbeitsleben”  with the respective rehabilitation cost carrier “Rehabilitationsträger” or the Integration Office. Make sure to get advice! Contact the Munich Integration Office for further information and counseling by phone at +49 89 18 96 60, by contact form, or in person at the service center in Bayerstrasse 32.