racksnet® has been approved by BAFA for invest grant

The Federal Office of Economics and Export Control (BAFA) has classified racksnet® as eligible and approved it for the “INVEST grant for venture capital”. This grant supports private equities companies for investing in innovative start ups and hold their stake for at least three years.

The invest grant is 20 percent of the investment amount for purchasing business shares, up to a maximum investment amount of 500,000 euros. Further information on the BAFA investment grant can be found here:

Contact for investors and business angels: ir@racksnet.com