The scholarships are intended to support around 60 female founders or start-up teams led by women. They will receive funding of up to 2,200 euros per month for up to twelve months during the start-up phase. According to the economic administration, the scholarships will be selected by three incubators specialising in the promotion of female founders, who will also support them with advice. "We are investing 2.3 million euros in the programme for start-up grants and want more women to become founders," said Senator for Economic Affairs Giffey.