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Start-ups during Global Crises - Mindsets for Success

  • The currently ongoing COVID-19 pandemic and the resulting recession in the economy offers opportunities for start-ups and times of hardship are a driver for entrepreneurship. Although the bargaining power of suppliers and buyers is high, and financing becomes increasingly difficult, many start-ups managed to report a strong fiscal year through innovative processes, especially in the finance and insurance, healthcare, pharmaceuticals, and education sector. To combat the crisis, governments across the EU implemented state aid schemes to support businesses, which however, SMEs often do not receive. The coronavirus pandemic potentially sparks a rethinking process and with an increasing share of start-ups in the economies across the EU, the recognition and funding opportunities will improve, with InvestEU being a step into the right direction.

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Author:Julian Rombach
Advisor:Eva Kirner
Document Type:Bachelor Thesis
Year of Completion:2021
Granting Institution:Hochschule Furtwangen
Release Date:2021/02/03
Tag:COVID-19; Entrepreneurship; Global crises; Start-up
Degree Program:IBM - International Business Management
Functional area:Business Strategy
Licence (German):License LogoUrheberrechtlich gesch├╝tzt