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.

1. National Innovation Strategies
COMPANY GATEWAY
A joint project by:

2. YES! – Young Economic Summit #yes_summit
COMPANY GATEWAY:
BUSINESS EXPERTISE & Company Formation

3. YES! – Young Economic Summit #yes_summit
Students: Felix Degen | Lukas Dissinger
Benjamin Döring | FeLIX MUTTER
ADRIAN ROTH
Teacher: Thorsten Galm
Researcher: Martin MurMann | Paul Hünermund |
Florence Blandinières
Our YES! - Team

4. YES! – Young Economic Summit #yes_summit
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

5. YES! – Young Economic Summit #yes_summit
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

6. YES! – Young Economic Summit #yes_summit
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

7. YES! – Young Economic Summit #yes_summit
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

8. YES! – Young Economic Summit #yes_summit
OUR Solution:
COMPANY GATEWAY
One Institution to...
+ set up a company in one step
+ check if the company is in
line with the law
+ find venture capital
+ get advice & help
+ take part in events &
workshops
© TeroVesalainen / pixabay.com / CC0 Public Domain

9. YES! – Young Economic Summit #yes_summit
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

10. YES! – Young Economic Summit #yes_summit
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...

12. YES! – Young Economic Summit #yes_summit
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

14. YES! – Young Economic Summit #yes_summit
3. Decrease risk aversion, the preference to be employed and reduce the
stigmatisation by society if your company fails
Company Gateway reduces many risks because...
 you can participate in workshops
 you get help when you set up the company
 you get help to find venture capital or shareholders
 you get knowledge prior to the foundation
= avoid old mistakes
Solve the Problems...
© 3dman_eu / pixabay.com / CC0 Public Domain

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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

16. YES! – Young Economic Summit #yes_summit
Company Gateway
Cheap, safe and simple company foundation in one step combined with business
expertise!
Vote for Our YES!-Solution
Company
Gateway
Easy setup of
a company
Business
Guides
Venture
Capital
Workshops
© PublicDomainPictures / pixabay.com / CC0 Public Domain