Allied for Startups: COVID-19-STARTUP TOOLBOX
Startups have much potential, but they are also smaller and more fragile economic actors. As such, it is important to ensure that they have everything they need to weather the economic impact of the covid-19 outbreak. For that reason, we have crowdsourced a number of measures with our members that can be applied both nationally and internationally that aim at curbing the financial and economic effects of the virus.
We call on governments and international organisations to take immediate measures in the face of the economic impact covid-19 is having worldwide. Based on the recommendations of France Digitale, you can find our proposals below. We encourage you to share them with your colleagues and network as well as local and national policy makers.
- Postpone monthly social and fiscal taxes deadlines
- Delay in the repayment of government-based loans & maintenance of government-based investments in startups
- Set up of a national taskforce to ensure a continued dialogue between the government and small companies, as well as solidarity between small companies
- Introduction of a moratorium on social and tax contributions for the most fragile companies
- Establishment of a one-stop shop to inform startups how to deal with the crisis
- Creation of a global Health Data Bank where reliable, instant information can be shared related to Covid-19.
- Open source release of coronavirus-related data for startups wishing to develop non-profit applications;
- Identification of e-health startups and the implementation of public-private cooperation “challenges” to solve the crisis. These should include: how to facilitate the supply of basic resources with AI? Or How to protect against counterfeit vaccines with blockchain?
- Creation of a global health fund to urgently invest in e-health startups that are working around the clock to develop solutions.
WHAT OUR MEMBERS SAY
Our members have begun publishing some important recommendations that could be useful for startups in times of coronavirus. We will be updating this list as more of our members speak out! Please do not hesitate to reach out should you have any suggestions.
Our French member published a series of useful resources and contacts for your startup and your employees while facing the consequences of Covid-19. Through this link you can find, amongst others, essential contacts cheat sheets and the France Digital e-health task force. France Digitale also continuously posts on their twitter account with relevant and timely updates.
Our Irish member published a document that outlines how their priorities have shifted due to the coronavirus outbreak. It outlines 2 focus areas: 1) How the startup ecosystem can best support the Government, the HSE and wider efforts to combat the coronavirus challenge and 2) How we can work with the Government to protect the startup ecosystem. The document includes a list of important Irish Government Resources for startups as well as useful remote working resources.
Our UK Member has also shifted its priorities to provide clarity to UK startups as the pandemic evolves. Their first priority is to find out how innovative companies in the ecosystem can best support the Government, the NHS and wider efforts to combat the coronavirus challenge. Secondly: How we can protect our ecosystem from the broad systemic damage that the virus will do to the British and global economy. You can find out more here.
One of our Spanish members is closely following the economic impact that the health crisis can cause. Given the uncertainty that has been generated in this regard, they have contacted the Government of Spain, the Generalitat of Catalunya, Barcelona City Council, ENISA and ICF, among others, in order to raise the voice of the entrepreneurial sector and of the startups that the Association represents. You can find out more about this here or follow them on twitter.
Our Dutch member has issued a call for startups that can directly or indirectly contribute to resolving the covid19 crisis. Think of all startups ranging from healthcare, education, sustainability and remote working to supply chain resilience and more. They are making a list. Please help them make it as complete as possible. They want to put as many startups forward as possible. You cand find out more here or complete this form.
Our US member Engine has compiled a list of resources to help startups navigating these uncertain times—from guidance on protecting the health and safety of your teams to information about accessing federal economic relief. They will be updating this page as the response to the outbreak continues to unfold.
ACCESS TO FUNDING
A “Coronavirus Response Investment Initiative” to promote investments by mobilising available cash reserves in the European Structural and Investments Funds, to fight the crisis immediately. €37 billion will be mobilised. SMEs will be supported through the European Regional Development Fund.
A State Aid Temporary Framework to help businesses to have the liquidity to keep operating, or to put a temporary freeze or their activities. This framework will be financed through the Member States national budgets
The European Commission has opened a call for applications for startups and SMEs that could help fight Covid-19. Any startup that has technology that could help treating, testing, monitoring or other aspects of the outbreak should urgently apply to the next round of funding of the EIC Accelerator. More information on the process can be found here. The deadline for applications is Friday 20th March 2020 at 17:00 CET (CLOSED).
Together with our member associations we are crowdsourcing best-practices that have emerged as a response to the covid-19 outbreak. In moments like these, the Allied for Startups network has a particular responsibility and opportunity to play its part. That is why we encourage you to reach out with more ideas and suggestions!