this post was submitted on 13 Sep 2024
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Huh, didn’t even know my country had a sovereign tech fund. Looking more into it … yeah. It gets money from the federal government but it is in no way run or even associated with it. Looks like a GmbH is behind it, which is a for profit company in Germany. It has a volume of 17 million €.
Also its name is literally sovereign tech fund, even in German, I.e. that’s not a translation, that’s its literal name. I wouldn’t say it’s sketchy, the people behind it definitely look legit, but it certainly doesn’t quite meet the lofty associations the name suggests.
SPRIND GmbH is also known as „Bundesagentur für Sprunginnovationen“ and owned by the Federal Republic of Germany. See https://de.wikipedia.org/wiki/Bundesagentur_f%C3%BCr_Sprunginnovationen and https://www.sprind.org
I didn't spot that, thank you.