Federal Finance Minister Lars Klingbeil (SPD) has announced improved tax conditions for startups. The federal government will thereby ensure "that significantly more private capital flows into young, innovative companies," Klingbeil told the Redaktionsnetzwerk Deutschland (Monday editions). His aim, he said, is "that the world market leaders of tomorrow are founded in Germany and can grow big here."
Klingbeil and Elisabeth Kaiser (SPD), the government's commissioner for eastern Germany, are meeting founders from eastern Germany in Berlin on Monday. According to the report, around 70 companies have confirmed their attendance. "I want to hear from the founders themselves what they need to take the next step," Klingbeil told the RND. Kaiser told the Redaktionsnetzwerk that her goal is for "the DAX company of tomorrow" to come "from eastern Germany". Frequently, however, capital is lacking.
Klingbeil pointed to the Future Fund (Zukunftsfonds) operating under the umbrella of the Deutschlandfonds. With it, "we are mobilising billions in venture capital," he said. So that employees can benefit even more from the success of their work at young companies, "we should promote their financial participation in these companies even more strongly," the Vice Chancellor added.
Michael Petrosjan of the Leipzig-based software startup Flynex called for faster market access, less bureaucracy and more innovation-friendly public procurement procedures. "New technologies take too long to move from pilot project into productive application," he told the RND. According to the company's own description, Flynex is developing a platform for the digital planning, automated capture and AI-supported analysis of geodata and infrastructure using drones.
The Technologiegründerfonds Sachsen sees transport connections as a problem for the region as a business location: "Travel times of a full working day from Dresden to Düsseldorf or Stuttgart" are a reality, managing director Sören Schuster told the RND newspapers.
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