Germany to invest 12 bln euros for startup innovation

BERLIN, Sept. 17 (Xinhua) -- The German government and its partners have pledged to invest around 12 billion euros (13.3 billion U.S. dollars) in venture capital by 2030 to support young startups for their innovations, according to a joint declaration made at a startup summit here on Tuesday.

The declaration of intent, signed by the government, the state development bank KfW and other companies, is part of an in