Over the past few days, the German start-up scene gathered in Leipzig in the eastern German state of Saxony to discuss, among other things, the effects of the current omnipresent crises on start-ups. At the German Business Angels Day, founders of innovative start-ups met with potential investors from November 26 to 28. Although the crises made life more difficult for some start-ups, others benefited from them, said Ute Günther, chairwoman of the Business Angels Network Germany. "Overall, we agreed: crises must not be turned into a bogeyman," Günther said.
The conference has been held every two years since 2001. This year was the first time it was held in Saxony. "I was impressed by the innovation ecosystem in Saxony," Günther said after the event. In the joint discussion rounds, she said, it became clear that there is a lot of potential lying dormant in Saxony. "This must now be brought out of the universities and onto the streets," she said. At the moment, the university landscape in Saxony still produces too few spin-offs, she said.
According to the conference organizers, there were around 600 participants. This makes it one of the largest of such events in Europe. Investors who are members of the Business Angels Network spend around 2.5 billion euros a year on young, innovative companies in Germany.
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