In a recently published strategy paper, the German government emphasizes the growing importance of startups for business, science and society. To strengthen the position of startups in Germany and Europe, a catalog of measures was defined and summarized in ten fields of action. Linked to this is the announcement that these measures will be implemented within the current legislative period. We provide an overview.
The ten fields of action in the strategy paper
Strengthen financing for startups
Make it easier for startups to attract talent - make employee capital participation more attractive
Sparking the startup spirit - making foundings easier and more digital
Strengthen female startup founders and diversity in startups
Facilitate startup spin-offs from the scientific community
Improve the framework conditions for public-interest startups
Mobilize startup competencies for public contracts
Make it easier for startups to access data
Strengthen real laboratories - facilitate access for startups
Put startups at the center
A billion-dollar fund for the future is to come
For each of the fields of action, the strategy paper lists a number of sub-items, some of which contain declarations of intent, while others already contain concrete resolutions. One measure on financing startups is particularly eye-catching:
"With the Future Fund and its individual modules, the German government supports innovative technology-oriented startups in their growth phase and provides 10 billion euros in public funding for this purpose from the Kreditanstalt für Wiederaufbau (KfW) over an investment period until 2030. Together with private investors, it aims to mobilize 30 billion euros in private and public capital for Germany as a venture capital location during this period."
You can download the whole paper here.