Without additional loans, subsidies or benevolent investors, almost half of all start-ups in the world fail due to the corona crisis. This is the calculation made by the research agency Startup Genome. In a report that appeared this afternoon, the research bureau further revealed that about three-quarters of start-ups had to lay off personnel. Most of the dismissals were in North America, followed by Europe and Asia. Startup Genome, with more than 100 clients on 5 continents in 38 countries, advises governments on supporting and encouraging start-ups. Between the end of March and mid-April this year, 1,070 companies from 50 countries participated in the international survey.

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About the author

Author profile picture Arnoud Cornelissen has for many years been writing about science and technology in, among others, various Dutch newspapers.