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Exploration phase ends on 30 Sep 2026 still 142 days
Internal workspace

Exploration

Where we collect, sort, and discuss what makes the Entrepreneurial Fund concrete piece by piece — concepts, research, open questions, materials.

Strategic building blocks

What we’re building

In progress

Legal form & governance

GmgV as carrier structure — what does that mean for voting rights, profit use, and investor participation?
Research

Impact & measurement model

How do we measure SROI for early-stage ventures without oversimplifying or paralysing decisions?
Concept

Funding structure

Ratio of micro contributions to investor capital, minimum cohorts, risk allocation.
First sketch

Funding criteria & programme design

Which ventures fit, how we select, what the no-gos are.
Noted

Name & positioning

From a campaign-logic perspective, putting micro-investors instead of entrepreneurs in the foreground may be advisable — if mobilising mass micro-contributions is the goal, the current name and framing choice deserves review.
Open

Scientific evaluation

Embedding a scientific evaluation: do the allocation approach (modes, criteria, selection process) and funding conditions have a measurable effect on the success of funded projects?
Concept

Academy

Which topics are relevant to the three target groups — founders, micro-investors, investors? What learning and enablement programme should we build?
First sketch

Target groups

Which personas live inside the three target groups, and through which channels do we reach them?
Concept

Friends feature

Micro-investors invite friends — invitations, joint contributions, visible impact among peers. Which mechanics align with the fund's values?
Concept

Gamification & badges

Badges, milestones, visible contributions — how much playful recognition fits with a purpose orientation without tipping into competition or status logic?
Research

Charitable status & tax deductibility

Could charitable recognition leverage micro-donations because contributions become tax-deductible? Which legal-form paths get us there, and what flexibility does it cost?
Concept

Launch & public visibility

“One-shot” launch with invitations, federal press conference, press releases, launch event, and livestream. Optional soft launch for inner-circle supporters beforehand. Embedding the launch narrative in current high-impact topics with big numbers.
Discussion

Tone & language

Do we speak from need (“Help us!”) or from positive impact (“We're shaping!”)? Which tone mobilises micro-investors sustainably, without triggering pathos fatigue?
Research

Problem & competition

Which problems are we actually solving that state funding and other funds don’t cover? Where do we differentiate from crowdfunding platforms, foundations, and VC — and where do we overlap?
Concept

Incentives & matching

Which mechanics leverage micro-investments? E.g. matching models, where larger funders add a sum once a target is reached through many small contributions. Which incentives stay values-aligned, which tip into shallow gamification?
Research

Fundraising law in Europe

What legal frameworks apply to cross-border fundraising in the EU? How do donation, securities, and charitable-status regulations differ between member states — and where do we need local partners for the European Track?
Research

What we’re reading and checking

2026-05 Compare GmgV · gGmbH · Foundation Legal 2026-04 SROI methods for early-stage participation Impact 2026-04 Crowdfunding models: German regulatory landscape Legal 2026-03 Partner foundations with impact focus Network
Open questions

What we’re still debating

01

How do we weight the four modes against each other in fund allocation?

02

Which participation formats for micro-investors are regulatorily viable?

03

How do we communicate SROI clearly without oversimplifying?

04

When do we scale federally vs. start regionally?

05

How do we safeguard independence when taking on larger investors?

Workshops & meetings

What happened, what’s coming

Past
  • 2026-04-18 Core-team concept workshop
  • 2026-03-12 Stakeholder interviews with foundations
Upcoming
  • 2026-06-10 Legal-form clarification with notary
  • 2026-07-04 Pilot funding: design session
Materials

Documents and decks

Concept paper PDF · draft Investor pitch deck PDF · v0.3 Theory of Change Whiteboard · Miro Financial model Spreadsheet

Want to contribute or weigh in?

This page is a public summary. The living workspace with documents and discussions lives internally — get in touch if you want access or exchange.

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