This Month in German Startups - Corona Flash - March 19th, 2020This is a special format for our startup news. We will keep you updated on the developing Covid19 story and its impact on the German startup scene.
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Public life in Germany is now greatly reduced. In most of Germany’s sixteen states the opening hours of bars and restaurants are severely limited and only selected stores (think groceries, pharmacies, …) remain open during normal hours.
This has a great impact on startups in Germany, from changing to remote-only work, to a heavy drag on revenues, to finding emergency funding. We thought we would give you an overview, as a short flash update.
We want to provide you with collections of links and reports, that point you where to find information, help and can read more.
German Startup Association's Link Collection“This is a list of *public* coronavirus // Covid-19 communications/measures and resources.
Disclaimer: The content below is crowdsourcing content, so it is not independently verified. It is intended as a resource for founders and management teams who are currently discussing their own actions on SARS-CoV-2/COVID-19 and want to learn from the ecosystem. “
SARS-CoV-2/COVID-19: Collected Best Practices of the German Startup Scene - German Startups Association
Some highlights from the document:
Guide to support measures for startups affected by coronavirus | Sifted https://buff.ly/2QqjAXhCOVID-19 Symptoms and what to do, incl. list of links and phone numbers in relevant geographies - 15.3.20Kurzarbeit is in Germany short term measures to support companies, where part of the employees pay is taken over by the government. Find more information here: Very Detailed Frequently Asked Questions on Kurzarbeit - 17.3.2020Obligation to file for insolvency due to corona suspended for companies in Germany - 16.3.2020Global collection of VC resources, measurement lists, blog posts and other communications - 18.3.2020
Other Link CollectionsWhat to consider?
Time to plan now. Consider this situation going on for weeks, even months and make plans accordingly. For all startups cash is king!
Here are examples of measures put together by the German government.
Measures of the German Federal Ministry of Economics: https://www.bmwi.de/Redaktion/DE/Downloads/S-T/schutzschild-fuer-beschaeftigte-und-unternehmen.pdf?__blob=publicationFile&v=12Employme