On Saturday, Argentina and Germany signed a Memorandum of Understanding, with the intent to strengthen economic and energy relations. Part of this is the expansion of the startup support program German Accelerator to Argentina as a gateway to South American markets.
German Chancellor Olaf Scholz, who was accompanied by a large business delegation led by Dr. Franziska Brantner, Parliamentary State Secretary of the Federal Ministry of Economics and Climate Action, on his trip to Argentina, emphasized the relevance of startups as key stakeholders. The delegation announced the strategic decision to roll-out German Accelerator programs in the region starting this year with a focus on sustainable energy production. For this, German Accelerator will open a new office in Buenos Aires.
“Argentina is a land of opportunities in South America. With its highly-skilled tech talent and a unique entrepreneurial spirit we see great synergies with Germany and look forward to connecting Argentina with like-minded German startups.”Claus Karthe, Managing Partner German Accelerator
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German Accelerator empowers German startups to scale globally. We take high-potential companies on a fast-paced learning journey to understand, discover, and access the world’s leading innovation hubs. Through highly-customized programs, mentoring from dedicated experts, as well as access to our vast network of business partners and investors, we help startups from all stages and across various industries on their way to international success. Since launching in 2012, German Accelerator has nurtured over 600 startups which have raised more than $13.5 billion in funding so far. German Accelerator is run by Start2 GmbH (formerly German Entrepreneurship GmbH) and is proudly financed by the German Federal Ministry for Economic Affairs and Climate Action (BMWK).
Find the official press release of the German government (in German) here: