Technology

Germany Plans 30 Billion Euro Fund to Support Homegrown Startups

  • Part of broader strategy to foster innovation in Europe
  • Government hopes to keep successful European startups in EU
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Germany is planning a 30 billion euro ($30.4 billion) fund to support technology-oriented startups.

The fund was approved by the German cabinet on Wednesday as part of a broader strategy to make the country a more attractive location for startups and innovation.