German Government in Talks With Startups on Survival Package
- Startup body is holding discussions with development bank
- Risk German startups run out of cash: Christian Miele
Shared bicycles and electric scooters sit unused in the German capital of Berlin on March 16.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
The German Economy Ministry is in talks with the country’s startup association about finding ways to support early stage companies so they can survive amid the turbulence created by the coronavirus.
“We need to deliver within the next four weeks, otherwise we will see an onslaught of companies running out of cash,” Christian Miele, president of the German startup association, said by phone.