The winners of this year’s awards for Germany’s most promising young companies were announced at a gala celebration on September 14 in Berlin.
Location / Framework for Business
To foreign businesspeople expanding to the country, German workplaces may initially seem overly formal and rules-bound. But there are many advantages that benefit employers and employees alike, as human resources consultant and leadership coach Anke Wolf tells us.
The German Ministry for Economic Affairs and Energy and the country’s business development bank, the KfW, have improved credit terms for companies looking to finance digitalization and innovation projects.
As the coronavirus disrupted economic life in Germany and around the world in 2020, many people feared that waves of businesses would go bankrupt. But figures compiled by the German Savings Banks Association (DSGV) for business newspaper Handelsblatt suggest that the worst of those anxieties were unfounded.
The German government made headlines last year when it announced the creation of a EUR 10 billion fund to invigorate the country’s venture capital and start-up ecosystem. Now top officials are out in pubic promoting what Minister for Economic Affairs and Energy Peter Altmaier calls “the biggest initiative of its kind in Europe.”
Germany’s traditional strength in industry is serving the country well as it emerges from the economic downswing caused by the coronavirus pandemic.
The German Ministry for Economic Affairs and Energy is allocating nearly a billion euros to the H2 Global Foundation, a body set up by sixteen major players in German industry including Siemens Energy, Linde, Nordex and ThyssenKrupp.
The German Ministry for Economic Affairs and Energy is seriously beefing up its support for innovative young artificial-intelligence companies.
The Ministry for Economic Affairs and Energy and the Ministry of Transportation and Digital Infrastructure have announced the names of more than 60 initiatives that will received support as part of Germany’s National Hydrogen Strategy.
Residential solar units have been given a dramatic boost by an increase to exemptions from levies under Germany’s Renewable Energy Act. That’s according to an analysis by market research company EUPD.