• In the area of health care, a German and European legal framework should be created that enables the sensible, data protection-compliant handling of health data without hampering innovation and the improvement of care.
2.9 Access to reallabs
Real labs make it possible to test innovative technologies and business models in a real environment, which are still limited by the general legal framework. Within the framework of the planned Act on Reallabs, the German government aims to address specific concerns of start-ups, e.g., scalability after testing in the reallab and investment security.
2.10 Start-Ups in the centre of Economic Policies
A strong start-up ecosystem requires intense networking of all relevant actors. The German government promises to make its contribution and place start-ups even at the center of its activities by a large number of measures, e.g., by holding a “Start-Up Summit Germany” and by establishing a network of contact points for start-ups in all federal ministries and subordinated authorities.
The strategy paper which evolved from an extensive participation process with workshops and online consultations of involved stakeholders offers a comprehensive and well thought-through concept for promoting young enterprises as drivers of economic, ecological and social dynamics. Accordingly, most reactions so far have been very positive, especially among young entrepreneurs.
At the heart of the government’s strategy lie improved financing opportunities for start-ups. Consequently, and quite rightly, Bundesverband Beteiligungskapital (BVK) emphasizes in its initial statement dated 27 July 2022, that it is particularly important that the Growth Fund (Wachstumsfond), as a central instrument of the Future Fund, is put in place soon.
In addition, the success of many intended measures will largely depend on how precisely the necessary legal regulations will be implemented. This is certainly true for the envisaged tax relief for employee shareholdings (avoiding dry income, i.e. taxation without any liquidity event), the regulations on the facilitated online formation of companies and potential adjustments in the area of IPOs. As far as online notarization procedures are concerned, to date, specific requirements in the identification process and the limited scope of application of the relevant provisions are likely to hinder a fast and widespread acceptance of the new legal framework. With regard to digitization (e.g. digital visa procedures, digital portals to search and apply for subsidies or the establishment of an e-marketplace to promote innovations), the success of the solutions offered will depend, among other things, on the user-friendliness of the corresponding sites. In the area of improved data access, it will be crucial to see how requirements for easy access to data will be reconciled with high data protection standards in Europe.