Start-up activity recovers

What is the state of start-up activity in Germany? The Global Entrepreneurship Monitor (GEM) also has an answer for Saxony-Anhalt in its Germany Report.

Overall, startup activity in Germany recovered in the second year of the COVID19 pandemic. This is clearly illustrated by the TEA rate (Total Early-Stage Entrepreneurial Activity). This describes the percentage of 18- to 64-year-olds who have founded a company in the last 3.5 years and/or are in the process of doing so.

In Germany, the TEA rate in 2021 was 6.9%, not far from the peak value from 2019 (7.6%). Compared with the previous year 2020, the start-up rate also increased by 2.1 percentage points (2020: 4.8 %). With a TEA rate of 5.8% (period 2017-2021), Saxony-Anhalt occupies a mid-table position among the German states. However, it is striking that Saxony-Anhalt is in some cases well ahead of the other new federal states.

However, Saxony-Anhalt's objectively good performance is contrasted by the subjective assessments of startup opportunities and startup skills among 18- to 64-year-olds. In both statistics, the state ranks at the bottom in a Germany-wide comparison. Consequently, there is still potential for optimization in these important basic factors of business start-ups. Univations would like to make an active and important contribution to this in Saxony-Anhalt in the coming years.

We see ourselves very well positioned for this through the project activities currently underway for early awareness(futurego Saxony-Anhalt), startup consulting (Investforum Startup-Service), publicizing startup events and support opportunities (Gründerland Saxony-Anhalt), initiating research and development (TDG), succession (Succession Ready) and entrepreneurial education(EICAA, YETI, ULYSSES).

Another article about the Global Entrepreneurship Monitor has also been published in the EU project EICAA. It can be accessed here

To the Country Report Germany

To the GEM Global Report