The COVID-19 pandemic is forcing the majority of Europeans to stay home. Already now, the economic impact of the crisis is leaving startups agitated about how to financially survive during this time. We have collected useful information and links about which actions are being taken (in Germany) to help startups to survive and where you can seek financial support during this crisis. Please take in notice that this post has been written based on the current released information and can change over time.
MEASURES BY THE GERMAN GOVERNMENT
The German government acts against the economic impact of the coronavirus with measures to protect jobs and to support companies. The goal is to equip businesses with enough liquidity that they will be able to make it through the crisis in good shape.
Find the summary about the current and planned measures here: Government_measures_Financial_Aid
MEASURES BY THE STATES
Some states have taken additional measures or facilitated access to loans to support local companies. You can read the about the state measures here: State_measures_Financial_Aid
GERMAN STARTUP ASSOCIATION
The Bundesverband deutsche Startups e.V. keeps startups updated regarding best practices and financing and liquidity support. They are also organizing online Q&A sessions and roundtables for startups.
- The Startup Corona Handbook
- Legal Questions Town Hall: Organized together with KMG to discuss and inform about public loans.