Start-ups want more money for growth and innovation

• In an appeal to several ministries, more than a dozen of Germany’s best-known entrepreneurs criticized the coalition’s crisis policy.
• The entrepreneurs are demanding faster visa procedures for foreign skilled workers, more growth capital, better employee participation and a reform of pension schemes.
• The start-ups fear that Germany will be left behind as a location for innovation in the crisis.
• The impulses of the start-up strategy of the federal government do not go far enough for the founders or are too vague.
• From July to September, almost 30 percent fewer technology-focused start-ups were entered in the commercial register.

The federal government wanted to be a progressive coalition when it took office a year ago. But the promise was broken, the coalition is delivering too little when it comes to progress, according to more than a dozen of Germany’s best-known entrepreneurs. That’s why they wrote an open letter to Economics Minister Robert Habeck (Greens) and Finance Minister Christian Lindner (FDP), among others, in which they clearly criticized the current crisis policy of the traffic light coalition.