The story
LfA started operations on 1 May 1951. It provides financing for start-ups, environmental protection, and other areas deemed of public interest. It does not compete with commercial banks but co-lends or co-invests with them and provides guarantees. It also controls investment companies, namely BayBG Bayerische Beteiligungsgesellschaft mbH and Bayern Kapital GmbH.
In July 2021, the latter was entrusted with the management of a €200 million scale-up fund at the initiative of the Bavarian state government.
From Wikipedia’s article on LfA Förderbank Bayern, shared under CC BY-SA 4.0.5