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Education and research

KfW Endowed Chair in Entrepreneurial Finance

The teaching and research performed by the KfW Endowed Chair in Entrepreneurial Finance (held by Prof Dr Dr Ann-Kristin Achleitner) at the Technical University of Munich (TUM) is designed to support Germany's development as a financial centre, and stimulate a broad academic discussion on entrepreneurial finance. The teaching and research activities therefore focus on developing optimal finance strategies capable of realising the potential value of growth-oriented enterprises. The chair also aims to compete internationally with other academic institutions, and is interested in establishing new international cooperation links. The chair, which KfW has been sponsoring since 2001, is held by Prof Ann-Kristin Achleitner.

Chair in Entrepreneurial Finance, supported by KfW Group


Promoting start-ups and a culture of self-employment is an important economic policy concern, and one that is supported by KfW. Along with promoting start-ups directly through low-interest loans, KfW has therefore also been supporting the Bonn-based 'FGF' since 1998. The group sees itself as providing a link between the world of academia and start-up practitioners. Members include both university professors who teach entrepreneurship as a subject, and practitioners who are actively involved in promoting business start-ups. Among other things the group organises conferences (e.g. the annual start-up forum), and plays a key role in the dissemination and ongoing development of start-up research and training.

Förderkreis Gründungs-Forschung e.V. (FGF)


KfW Group

Environment and Sustainability



Do you have any questions or comments on sustainability at KfW Group? Please contact the Economics Department (Environment and Sustainability) of KfW