If our economic growth is to remain strong and dynamic, we need more entrepreneurs who develop new markets and create lasting jobs. For this reason, the Economic Affairs Ministry 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 Economic Affairs Ministry therefore has a raft of funding initiatives and financing opportunities to help young entrepreneurs.
The aim of the funding programme is to improve the start-up environment at higher education institutions and research establishments. Further to this, the intention is to boost the number and the success of technology-oriented and science-based start-ups.
The INVEST venture capital grant supports young companies as they try to find someone to provide them with capital, and encourages private investors to offer venture capital. Business angels investing private capital in innovative young start-ups benefit from the fact that up to €500,000 of investment is eligible for support, and from an exit grant which offsets the tax on capital gains.
The funding for the instruments to promote venture capital has been increased considerably.
The Federal Government has various measures to reduce the amount of red tape affecting companies. Its two Cutting Bureaucracy Acts give start-ups and SMEs more freedom, particularly from reporting requirements in various economic statistics acts.
The Federal Government supports the , which are dominated by small firms, not least by initiating cooperation with other sectors.
Role-model female entrepreneurs around Germany encourage girls and women to start out in business.
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.
JUNIOR is one of the main features of the “Entrepreneurial Spirit in Schools” initiative. In a nationwide competition, the Economic Affairs Ministry picks out the best company organised by school students, and gives the students the possibility to develop a business idea and to test it out during a school year in a company at their school.
The competition awards prizes of up to €32,000 to start-ups with innovative business ideas based on products and services in the information and communications technology sector.
The German Start-up Prize is the leading prize for successful start-ups and outstanding entrepreneurs in Germany. It is awarded annually for outstanding performance in the development of innovative and sustainable business ideas, and the creation and nurturing of new companies, and has the following categories: school students, start-ups, visionaries and life’s work.
The Deutsche Börse Venture Network, launched at the initiative of the Economic Affairs Ministry, 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. Further to this, the “Scale” segment of Deutsche Börse facilitates access to investors and venture capital for young, fast-growing firms and SMEs.
Dialogue is so important: networks, competitions, trade fairs, forums and other event formats offer start-ups a context in which to meet experts, potential customers and business partners, to share experience and to test out their potential and opportunities. Across Germany, the Entrepreneurship Week brings a lot of partners together to learn, advise and inspire about going into business. More than 1,200 partners offer attractive events and seminars via .
Experienced entrepreneurs volunteer to help refugees in the Berlin-Brandenburg region to set up in business. This pilot project of the Economic Affairs Ministry and the Business Juniors includes internships in companies, mentoring, team-building and tandems, and the hand-over of companies to the next generation. The refugees also benefit from training courses and seminars, and are welcomed into the Business Juniors network. The pilot project runs until the end of 2018.