What do founders in Germany lack? The Chamber of Industry and Commerce (IHK) investigated this question and surveyed around 300 young entrepreneurs. The results were summarized in a catalog of measures and presented by the Association of German Chambers of Industry and Commerce (DIHK).
The expansion of digital infrastructure, the establishment of one-stop shops, and the reduction of tax bureaucracy – 300 young entrepreneurs provided clear answers to the question of what needs to be improved in Germany as a startup location. The resulting catalog of measures was presented by the German Chamber of Industry and Commerce (DIHK).
Politics is called upon
Despite the increasing number of visitors to its Founders’ Days 2016, the Chamber of Industry and Commerce (IHK) sees a need for action.
"Many interested parties do not go any further after the first 'look in',"
as DIHK General Manager Martin Wansleben reported to the Frankfurter Allgemeine Zeitung. This is reflected, for example, in the rather declining number of concrete consultations held at the Chambers of Industry and Commerce.
“In order to close this gap, politics is also required,”
emphasized the DIHK Managing Director.
Desired: Easier access to equity capital
The first priority on this startup agenda for Germany is a significant simplification of applications for public funding, followed by a reduction in the complexity of taxation and easier access to equity capital.
According to Wansleben, a good 900 million euros are invested in venture capital in Germany annually. International comparisons demonstrate the urgency of the need for action: To at least reach the OECD average, an additional 600 million euros are needed.
