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[BUSINESS] · Germany · 17 sources

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Lars Klingbeil promises improved tax conditions for German start-ups

German Finance Minister Lars Klingbeil has announced plans to improve tax conditions for start-ups to encourage private investment in innovative companies. The initiative aims to prevent young businesses from failing during critical growth phases due to a lack of capital.

Klingbeil is scheduled to meet with founders at the ‘Branchendialog Ost’ in Berlin, an event organized by Federal Commissioner for the East, Elisabeth Kaiser. Approximately 70 companies from the East German start-up scene are expected to attend. The goal is to foster the next generation of global market leaders within Germany, with a specific focus on the potential of East Germany.

Founders from the region have expressed support for the dialogue but raised concerns regarding bureaucracy, slow market access, and infrastructure. For instance, Michael Petrosjan of FlyNex called for less bureaucracy and faster innovation-friendly procurement, while the Technology Founder Fund Saxony highlighted long travel times between eastern and western German cities as a location-based challenge.

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Elisabeth Kaiser · FlyNex · German Federal Ministry of Finance · Germany · Lars Klingbeil · USA

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