{"id":39303,"date":"2018-08-19T08:30:38","date_gmt":"2018-08-19T06:30:38","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=39303"},"modified":"2024-04-23T14:23:47","modified_gmt":"2024-04-23T12:23:47","slug":"german-standards-setting-institute","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/39303\/german-standards-setting-institute\/","title":{"rendered":"BAND and Startup Association found German Standards Setting Institute"},"content":{"rendered":"<div class=\"entry-content\"><p><strong>The Business Angels Network Germany (BAND) and the Federal Association of German Startups (Bundesverband Deutsche Startups eV) have jointly founded the German Standards Setting Institute (GESSI). They aim to make startup financing in Germany faster, easier, more cost-effective, and legally secure, with standardized contracts, among other things.<\/strong><\/p>\n<p>The cooperation between the two associations ensures that representatives of both contracting parties \u2013 i.e. startups and investors \u2013 work together to develop the documents, thus achieving a fair balance of interests.<\/p>\n<p>The collaboration between the startup and investor sides results in contractual documents that can claim to balance interests, so that the documents can be accepted as neutral by both the investor and the startup sides.<\/p>\n<h3>Special working groups take care of standard documents<\/h3>\n<p>To achieve a high degree of balance, the two associations say a special working group will be established for each standard document, which will include\u2014in addition to technical experts\u2014startup representatives and investor representatives. Each working group will be led by a law firm with specialist expertise.<\/p>\n<h3>German Standards Setting Institute: Documents in Transition<\/h3>\n<p>The results of the working groups will be published on the GESSI platform.<\/p>\n<p>However, the standardization process doesn&#039;t end with publication. Anyone who wishes can comment on the texts or provide suggestions. The responsible working group will review the comments at regular intervals and make changes to the text if necessary.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Business Angels Network Germany (BAND) and the Federal Association of German Startups (BAND) have jointly founded the German Standards Setting Institute (GESSI). With standardized contracts, among other things, they aim to make startup financing in Germany faster, easier, more cost-effective, and at the same time legally secure. The cooperation between the two associations ensures that representatives of both contracting parties...<\/p>","protected":false},"author":3,"featured_media":39329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5638,1],"tags":[1416,3283,3284],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BAND und Startup-Verband gr\u00fcnden German Standards Setting Institute - Munich Startup<\/title>\n<meta name=\"description\" content=\"BAND und der Bundesverband Deutsche Startups e.V. haben\u00a0gemeinsam das German Standards Setting Institute (GESSI) gegr\u00fcndet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/39303\/german-standards-setting-institute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BAND und Startup-Verband gr\u00fcnden German Standards Setting Institute - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"BAND und der Bundesverband Deutsche Startups e.V. haben\u00a0gemeinsam das German Standards Setting Institute (GESSI) gegr\u00fcndet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/39303\/german-standards-setting-institute\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/profile.php?id=100009572160192\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-19T06:30:38+00:00\" 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