Company Gateway is a solution by the YES! – Young Economic Summit 2017 team BBS Wirtschaft 1 Ludwigshafen to the topic "National Innovation Strategies".
Find out more about the solution here:
https://www.young-economic-summit.org/company-gateway-for-startups/?lang=en
The team was supported by our academic partner Centre for European Economic Research (ZEW) in Mannheim and the researchers Florence Blandinieres, Paul Hünermund and Martin Murmann.
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COMPANY GATEWAY:
BUSINESS EXPERTISE & Company Formation
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Students: Felix Degen | Lukas Dissinger
Benjamin Döring | FeLIX MUTTER
ADRIAN ROTH
Teacher: Thorsten Galm
Researcher: Martin MurMann | Paul Hünermund |
Florence Blandinières
Our YES! - Team
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Analysis of the current situation
Number of companies founded in Germany
Founding behaviour in Germany
Number of steps to set up a company
Our Solution
Overview of the “Company Gateway“
How it works
How it could be implemented
Agenda
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Number of Companies Founded in Germany
350,000
360,000
370,000
380,000
390,000
400,000
410,000
420,000
430,000
440,000
2012 2013 2014 2015 2016
Source: Gesamtstatistik Existenzgründungen des Instituts für Mittelstandsforschung, Bonn
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Founding Behaviour in Germany
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Lack of
acceptance of
failure
Criticized by
society
Not enough capital Risk-averse Preference to be
employed
Source: HHL-Delphi-Study, HHL Leipzig Graduate School of Management
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Numberof Steps to Set Up a CompanY
0 5 10 15 20
Canada
Australia
Sweden
New…
Ireland
Germany
Chad
Belarus
Columbia
Source: Worldbank, p. 118-120, 2004, version of the ifo institute, Leipzig
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COMPANY GATEWAY
How Does it work?
Company
Gateway
Set up a
company
•Full formation-
process in one
step
•No notary
needed, CG
checks the law
Business
Guides
•Free advice to
run your
business
•Free advice to
set up your
company
Venture
Capital
•Find venture
capital for your
company
•Competition for
innovative
companies
Workshops
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How could Company GateWaybe Realised?
Chambers of
Commerce
Public
Authority
Company Gateway can be a department of the Chambers of Commerce or
another public authority
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1. Only one step to set up a company
If you set up a limited company (e.g. GmbH) in Germany these days you have to
1. create an “Memorandum of Association“ (if you need a lawyer it costs up to 1000€)
2. ask the Chamber of Commerce (IHK) if it‘s possible to use the name you want to use
3. sign an “Memorandum of Association“ in front of a notary (costs up to 1000€)
4. pay the share capital for the company
5. register the company at the company register at court (costs: 150€)
6. register the company at the local authority (costs: 10-25€)
7. apply with your company for tax & VAT at the tax authority
8. become a member at the Chamber of Commerce (IHK or HWK)
9. become a member at a professional association (Berufsgenossenschaft)
With company gateway you get everything done in only one step for little
money
it‘s also possible to apply online
Solve the Problems...
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1. Only one step to set up a company
Why do we need it?
A company formation can be very difficult in Germany and you have to pass many steps
In the UK you only need to register your limited company online at the Companies‘ House
and HRMC
A company formation in Germany is too expensive
Many authorities are involved and it‘s not possible to do it online
Solve the Problems...
Our Experience
Costs of norary: 850€
150€ for the company register
Time-conusming
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2. Find Venture Capital
42% of the experts in the HHL-Delphi-Study* said that there isn‘t enough capital for
starT-ups
Company Gateway can help to...
1. find venture capital
2. find other shareholders
3. get a loan from your bank
Solve the Problems...
*Source: HHL-Delphi-Study, HHL Leipzig Graduate School of Management
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Pros
+ Much easier than founding a
company today
+ Help & advice reduces risks of failure
+ The entire formation process can be
done in one step
+ Cheaper
+ Get expertise from other people
Cons
– Maybe too many “cheap
companies“
– Notaries lose clients
– Costs money
proS & Cons