If our economic growth is to remain strong and dynamic, we need more entrepreneurs who develop new markets and create lasting jobs. The Economic Affairs Ministry’s “New Age for Entrepreneurship” initiative aims to strengthen the spirit of entrepreneurship and to boost the number of start-ups in Germany, by making it more attractive for people to start up their own business. The initiative offers a wide range of measures, financing possibilities and support for young entrepreneurs.
A lot has already been done to breathe life into the new age for entrepreneurship: In the (website in German) some 180 role-model female entrepreneurs are encouraging girls and women to start out in business. The EXIST funding for start-up teams from higher education institutions has been substantially improved. The Act to Reduce Bureaucracy relieves start-ups of red tape, and particularly of reporting requirements for various economic statistics.
The spirit of entrepreneurship and entrepreneurial thinking starts in the classroom. The “Entrepreneurial Spirit in Schools” initiative gives pupils some initial practical experience in exciting business projects and lets them take responsibility in their own student companies.
The “INVEST – Grant for Venture Capital” for business angels investing private capital in innovative young start-up is already tax-exempt, and is being further improved. This is making the programme much more attractive, and will boost the supply of capital to young companies.
The , which was launched at the initiative of the Economic Affairs Ministry, is also intended to improve this situation. It brings together young, fast-growing companies and international investors to ensure effective financing of growth and the establishment of a comprehensive network. The programme consists of a non-public online platform for the initiation of rounds of financing and offers various training and networking events.