North Rhine-Westphalia Considers Supporting Start-ups with 1000 euros per month

Following a survey conducted by the state of North Rhine-Westphalia, the state government has decided that it needs to reduce bureaucratic hurdles and create new opportunities for entrepreneurs.

The conclusion of the survey is that the state government should provide some funding and support for start-ups and reduce bureaucratic obstacles relating to tax and reporting obligations.

Shortly before the Bundestag election, North Rhine-Westphalia’s Minister for Business and Digitalisation, Andreas Pinkwart (FDP), announced a package for the coming months: “We want to make North Rhine-Westphalia the most attractive location for start-ups.” Discussions on the so-called ‘simplification package II’ are scheduled to start in November. In August, however, changes were already under way by means of which commercial applications have been simplified.

With the new package, the Minister wants to speed up all relevant procedures, such as funding applications and tax submissions. In addition, as of summer 2018, the state wants to support 1,000 start-ups with 1,000 euros per month and set up contact points where start-up information and consultations are available.

Photo credit: http://www.colourbox.com. Material used in the preparation of this article has been drawn from Gruender Szene.

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