These types of companies aim to solve social challenges.
(Photo: DigitalVision/Getty Images)
Berlin Solar-powered electric modules for African villages, help for the unbureaucratic employment of refugees, climate-neutral mobile communications: the list of companies that focus on projects aimed at the common good is getting longer and longer in Germany. These companies do not have maximum personal profit as a business model, but rather social or ecological benefits for society. They often also produce social innovations.
But from the federal government’s perspective, they are cut off from a large part of government support – whether funding programs, research or public procurement. In order to change that, the cabinet has decided on a strategy to strengthen companies oriented towards the common good. Research Minister Bettina Stark-Watzinger (FDP) and Economics State Secretary Sven Giegold (Greens) presented the paper on Wednesday.
Handelsblatt takes a closer look at this new form of entrepreneurship, which, according to some experts, will play an increasingly important role for the German economy in the future.
What are public interest companies?
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