How many startups go bankrupt
Every second startup is threatened with bankruptcy
The corona crisis hit startups in Germany hard. For two thirds (68 percent), their own situation has worsened since the beginning of the corona pandemic. Almost nine out of ten (88 percent) are also convinced that the situation for startups has generally worsened. And three quarters (78 percent) expect a wave of bankruptcies among German startups. That is the result of a survey among 112 startups on behalf of the digital association Bitkom, which was carried out in May and June.
Almost every second startup (47 percent) indicates that the corona crisis threatens its existence. Startups whose existence is threatened would only be able to withstand another hard lockdown situation for a maximum of three to four months (14 weeks).
Germany's startup status is at stake
“We have talked a lot about rescuing corporations in the past few weeks. Startups have long been important employers in this country - and they are crucial for our digital innovation ability, ”says Bitkom President Achim Berg. “In the past few years, with a lot of efforts, we have succeeded in making Germany a hot spot for technology startups. We must not jeopardize this work now. "
Four out of ten startups (43 percent) complain about a decline in sales since the outbreak of the Corona crisis, only 15 percent were able to increase their sales in the past few months, which would be particularly important for fast-growing young companies. Almost as many (41 percent) experience that the development of their offers is currently only making very slow progress.
Corona policy has failed at startups
The startups do not feel they are adequately supported by politics. Three quarters (75 percent) of those surveyed say that the federal government basically made the right decisions in the corona crisis. At the same time, almost two thirds (63 percent) complain that politicians are doing too little to support startups in need.
The start-up policy of the federal government during the crisis is given an average grade of “sufficient” (4.2). Around half of the respondents (47 percent) gave the grades “poor” or “unsatisfactory”. “Especially at the beginning of the Corona crisis, it seemed that startups only played a subordinate role in the political debate. That has recently changed, the first announcements have also been followed by concrete plans and resolutions. Now it has to be a matter of getting the help to the startups, ”said Berg.
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