What's next?: More start-UPS in the last year – but then the Corona came

According to rising Numbers in the last year, 2020 is promised to be a good year for the founder of the company. But then, the Corona-pandemic came and the coul

What's next?: More start-UPS in the last year – but then the Corona came

According to rising Numbers in the last year, 2020 is promised to be a good year for the founder of the company. But then, the Corona-pandemic came and the could plans many cross. "I expect that the Foundation plans under the impact of the current existence threatening situation of many of the self-employed are partly moved," said KfW chief economist Fritzi Köhler-Geib the presentation of the current "establishment of monitor," the national development Bank in Frankfurt on Thursday.

It is the first Time in years, the start-up scene has a boost in Germany. "The Outlook for the founding year of 2020 was positive, but the Corona pandemic impacted," said Köhler-Geib. They estimated that four would be shifted to ten plans in the light of the uncertain economic situation. Nevertheless, she would feel "encouraged" that six out of ten founders were on to your Plan.

The increase in founders last year, went back, however, almost exclusively on men. It made 605.000 people in this country are self-employed, the 58,000, or 10 percent more than a year earlier. The number of founders remained with 215.000 almost unchanged, while the number of men increased by 59 000 to 390.000. The Start-up scene remains so male: The Federal Association of German Start-ups had been submitted to recent a study, according to which not even every sixth young enterprise is managed in Germany by a woman.

in Addition, the increasing start-up activity in the past year was driven solely by a sideline start-UPS. This increased to 85,000 to 377.000. However, it went down at the foundations that allow people to earn your living, more: their number peaked at 228.000 a new low point of 27,000 less than in the previous year.

start-UPS out of necessity

An effect that could counteract the cancellation of establishment plans given the pandemic, the so-called Emergency: Rising unemployment are likely to lead to more people venturing in their own business, because there are no better employment alternative in sight. "Perhaps this effect is predominant, so that we will see in the next few months, something even more start-UPS. But this is as yet speculation,“ said Köhler-Geib. In the past year, around a quarter of 605.000 existence were start-UPS, according to their own statements of the founders in this sense, created out of unemployment.

"Germany is a good start-up location with room for improvements," said Köhler-Geib. "We have a good infrastructure – we need to invest, that it remains so." Improvement see founders as well as professionals, especially in the education system. "We need to think about: What are the skills that enable young people to establish a successful business are? This must be worn in the schools clean,“ said KfW chief economist.

Updated Date: 02 July 2020, 08:20

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