Government Assistance Programs Received by Recipients - The digital reward continues into its second phase.
Previously, a funding program has been in place. As per the ministry, around 10,000 applications were accepted, totaling to approximately 70 million euros, from December 2019 to June 2023. "At the right time, this was the perfect aid for many small and medium-sized businesses. They progressed significantly during the Coronavirus pandemic. The novel assistance is more comprehensive," remarked Olaf Lies, the Minister of Economics (SPD). Each applicant will receive at least 3,000 euros and a maximum of 50,000 euros. Companies in the economy and crafts sector with their headquarters or business premises located in Lower Saxony are the intended beneficiaries.
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- The company in the economy and crafts sector, located in Lower Saxony, can significantly enhance its IT security with the subsidies provided by BMWi, which can help protect its software systems from cyber threats on the Internet.
- The German government, through its ministry, has allocated around 70 million euros in subsidies for IT security measures in response to the pandemic, benefiting thousands of small and medium-sized businesses in Lower Saxony.
- The finances of German companies in the economy and crafts sector in Lower Saxony can be bolstered with the prospect of receiving up to 50,000 euros in subsidies to improve their IT security, promoting advancements in Hanover.
- In alignment with Germany's digital transformation goals, IT security measures will be a priority for companies, as the government continues to offer subsidies, which can help improve software systems and prevent cyberattacks in Lower Saxony.
- The IT security of German companies, particularly in Lower Saxony, will be reinforced with financial support from the government, as BMWi introduces new subsidies, which could enhance their finances and protect sensitive business data on the Internet.
