Elections 2021: New Companies Criticize Policies, Push for Innovation
In a recent survey conducted by Bitkom Research, tech startups in Germany have expressed their priorities for the upcoming legislative period. The survey, which polled over 200 tech startups online from March 4 to May 11, 2021, revealed a strong desire for support in various areas, particularly in digital transformation.
Better access to the EU internal market is a top priority for 30% of tech startups. This is crucial for the growth and expansion of these innovative companies, as the EU market offers a vast and diverse customer base.
A significant 59% of startups have called for more commitment in the digitization of administration. Streamlining administrative processes would not only reduce bureaucratic hurdles but also free up resources for these startups to focus on innovation and growth.
The skills shortage is a major concern for 43% of tech startups. With the rapid pace of technological advancement, there is a constant need for skilled workers to keep up with the demands of these startups.
Better conditions for venture debt (loans) are a priority for 23% of tech startups. Access to necessary capital is essential for turning innovative business models into successful companies, and venture debt can provide a crucial source of funding.
In the growth phase, 56% of startups demand more capital one. This is a critical period for startups as they scale up their operations and seek to establish themselves in the market.
Innovative technology is playing a key role in the development of a hydrogen valley in the Ruhr area, with many startups contributing to this initiative.
The survey also revealed a call for a new legal form for startups, with 29% of tech startups expressing this priority. This could potentially provide more flexibility and support for startups in their early stages.
Startups are seen as drivers of digital transformation, and they are calling on the incoming federal government to demonstrate a clear commitment to innovative young ideas. A staggering 53% of the surveyed startups wish for better access to public tenders for new foundations from the incoming federal government.
The start-ups in Germany have also called on the parties CDU/CSU, FDP, and Bündnis 90/Die Grünen during the 2021 federal election to be more engaged in promoting innovation and reducing bureaucratic hurdles.
50% of tech startups surveyed by Bitkom wish for the expansion of state promotional offers. This could provide a much-needed boost to the startups, helping them to navigate the challenges of the early stages of their growth.
While venture capital investments in Europe have more than tripled to 16 billion euros in the last five years, there is still a significant gap compared to the USA. Bridging this gap is crucial for the continued growth and success of tech startups in Germany.
The High-Tech Gründerfonds (HTGF) is the most active German early-stage investor, with around 892 million euros available. This fund could play a key role in addressing the lack of capital one, especially in the growth phase of newly founded companies in Germany.
Sarah Janczura writes about technology, research, and careers, and her insights provide a valuable perspective on the challenges and opportunities facing tech startups in Germany. The call for support from these startups underscores the importance of fostering a supportive environment for innovation and growth.
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