Start-ups complain about poorer access to financing

The start-ups in Germany need money. Almost three quarters want to raise external capital – but they are increasingly less likely to rate access to capital and financing positively.

Munich/ Berlin (dpa) – The start-ups in Germany Need money. In a survey presented by the “Federal Association of German Startups” in Munich, 74.1 percent said that they wanted to raise capital in the next twelve months. That is 4.6 percentage points more than a year ago. In addition, the capital requirement is also higher. While last year around 41 of the companies with capital requirements of less than half a million had enough capital, now it is only around 30 percent. Previously, the «Handelsblatt» reported on the start-up monitor.

At the same time, however, only just under 30 percent of the companies surveyed rated access to capital and investments in Germany as good. That is 3 percentage points less than a year ago and 7 percentage points less than two years ago. Overall, the start-ups are looking positively towards the future: almost 80 percent expect their business situation to improve by the end of next year.

Overall, the ecosystem for start-ups in Germany is rated positively by 61 percent – that’s a good three percentage points more than a year ago. The proximity to universities was particularly often cited as an advantage.

Many would have reasons to do so next time abroad

Almost 84 percent of the more than 1,800 respondents whose answers were included in the study said they had reasons again. However, 26.9 percent of these are no longer based in Germany, but abroad. That is almost 10 percentage points more than a year ago.

On average, the Start-up Monitor finds a disadvantage in employment from 18.9 to 16.7 people per company. This is surprising, because only a good 14 percent of companies say that they have had to lay off employees in the last few months, while almost 57 percent have hired new employees. The association explains that there have currently been major layoffs in larger companies, which have had a significant impact, but on the other hand the population of companies may have shifted compared to previous surveys. Overall, caution should be exercised when interpreting this number.

topicnews · September 29, 2024

Start-ups complain about poorer access to financing – Economy

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topicnews · September 29, 2024

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