Dear members, partners & friends,
We hope you had a wonderful long Fourth of July weekend and were able to enjoy a day off last Friday. Our weekly newsletter is a day late and a little lighter than usual, as is our programming for the month of July.
A new poll question will be back this Friday. In the meantime, here are the results from last week: Zoom came out on top of the question which virtual meeting platform works best for you, leaving other options a distant second and third.
Enjoy summer and stay healthy.
Emily Westhoven
Executive Director
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Results from last week's poll:
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News from our Sponsors: Event
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Financing for German Startups: Traditional & Alternative Options
July 7, 2020 16:00 CET/ 10am ET
As many German startups across industries are faced with financial burdens caused by COVID-19, financial resources providing longer-term stability and immediate cash are becoming increasingly important. A June survey in Germany’s IT sector has shown that 47% of those startups fear bankruptcy with a runway lasting only 3-4 months*. During this German Accelerator Pass the Mic webinar,
Alex von Frankenberg
(High-Tech Gründerfonds),
Angela Kerek
(Morrison & Foerster) and
Christian Janson Euterneck
(NeueCapital Partners) will address the current challenges startups face and provide an overview of public and private financial solutions in Germany. We will also explore the support mechanisms to help startups navigate the COVID-19 environment from an investment perspective.
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This time, the Stammtisch organizers are planning the Stammtisch to
include virtual Google map tours (using Street View and the Pegman) through your dream vacation or travel destination (post pandmic!):
It's vacation time -- where you do you dream to go, if you can't right now?
Sit back, relax and zoom with the YPs -- everyone welcome! Please register to receive a confirmation email with the Zoom link prior to the Stammtisch.
Date
:
Tuesday, July 14
Time
: 7PM to 8PM
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In the News | Pressespiegel
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Elon Musk plans to aid local Covid-19 drugmaker
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"
Local drugmaker CureVac AG is getting a notable assistant in its mission to create a Covid-19 vaccine: Tesla Inc. CEO
Elon Musk
. CureVac, which is based in Germany with a U.S. headquarters in Boston, is developing a preventive drug for the novel coronavirus
.
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Here’s a look at what can reopen in Mass. under Phase 3
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"Here’s a look at what can reopen under Phase 3, and what restrictions will be in place for each industry, according to
state guidance
and officials."
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The coronavirus crisis has changed the German mindset — and this matters for markets
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The German government has announced more than
450 billion euros
($505 billion) so far in immediate fiscal stimulus to shield its economy from the ongoing crisis. This represents 13.3% of its 2019 gross domestic product (GDP), according to think tank Bruegel. In comparison, France’s response accounts for a mere 4.4% of its 2019 GDP.
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Am Donnerstag endet ein langes Bietergefecht: Für 4,6 Milliarden Euro übernimmt AMS dann den Traditionskonzern Osram. Die EU-Kommission hat keine Wettbewerbsbedenken und erteilt keine Auflagen.
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Director of Finance & Controlling at Henke Sass Wolf of America
Henke Sass Wolf of America
is a medical device manufacturer and service facility located in Dudley, MA with corporate headquarters in Tuttlingen, Germany. The company is looking for a director of finance for their $53M, 220-employee strong facility here in Massachusetts. Contacts:
Udo Plocher
and
Tia Froio.
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As you may be thinking about summer travel plans, we compiled a few guidelines and restrictions that are in place. Please note that this may change at any time and please always refer to the most updated information issued by the respective countries.
Travel to Germany:
- The German government, in coordination with the German states, has announced the easing of border restrictions with neighboring countries. On June 15, travelers already within the Schengen Zone will be able to travel more freely into Germany.
- At this time, airlines are advertising additional direct flights between the United States and Germany. Please note: travel restrictions are still in effect for travel from the United States to Germany. (Source: U.S. Embassies & Consulates in Germany)
- U.S. citizens who are not residents of the EU and do not fall into one of several narrow exceptions will be denied entry to Germany. Travelers should be prepared for the possibility that additional travel restrictions will be implemented with little or no advance notice. (Source: U.S. Embassies & Consulates in Germany)
- In case you enter Germany from abroad and have been in a risk area* for 14 days prior to entry, generally, a 14- day quarantine is mandatory. Exceptions are possible in the case of a negative PCR test for SARS-CoV-2 for a maximum of 48 hours before entry or after entry. Travellers from EU countries, the Schengen area and the United Kingdom are not required to quarantine for 14 days on arrival in Germany unless their entry is from a country with a high infection rate* and the corresponding regulation of the federal state** requires this. (Source: Robert Koch Institut) UPDATE 6/19: While the U.S. is considerend a country with a high infection rate, several U.S. states are excluded from that list, including Massachusetts and New York. Therefore, travelers from Massachusetts do not need to quarantine when entering Germany as of June 19, 2020. The list ist being updated daily.
- UPDATE 7/1: As of July 1, the European Union announced the lifting of travel restrictions for some non-E.U. countries (see text here) but restrictions remain in place for the United States. (Source: U.S. Embasssies & Consulates in Germany)
T
ravel to U.S. from Europe
- Foreign nationals who have been in any of the following countries during the past 14 days may not enter the United States:
- European Schengen area Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, Monaco, San Marino, Vatican City
- United Kingdom
- Republic of Ireland
- Citizens and lawful permanent residents of the United States, certain family members, and other individuals who meet specified exceptions who have been in one of the countries listed above in the past 14 days will be allowed to enter the United States through one of 15 airports
- After arriving to the United States from one of these countries, CDC recommends that travelers stay home and monitor their health for 14 days. (Source: CDC) UPDATE 6/26: Executive Order "Suspending Entry of Aliens Who Present a Risk to the U.S. Labor Market Following the Coronavirus Outbreak"
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Would you like to become a Mentor?
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The
GABC YP Mentoring Program
brings together young and experienced professionals in purposeful, mutually rewarding relationships and involves engagement of both parties in exchanging ideas, discussing progress and setting goals for further development. The GABC YP mentorship program is looking for
mentors in general
, but also in particular to match with two GABC YP
Mentees.
Mentors needed with the following background:
- chemical engineering with a higher degree and now works in the Healthcare sector, preferably in drug development for a mentee who just started his career
- management consulting with focus on energy sector or experienced energy sector professional with network in the US.
If you are interested to provide
mentorship in general
or for one of the above mentees, please send an email to
mentorship@gabc-boston.org
.
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Young Professionals Want to Help
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Are you in need of help?
If you are in the Metro Boston area, sick at home, alone and not able to go out to buy groceries, get to the pharmacy or are "stuck" in some other kind of way, reach out to the
GABC YP Helpline
. They may be able to assist you with a run to the store or assist in other ways.
Are you able to help?
Would you like to volunteer to help someone in need who is alone and appreciates the assistance?
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Our annual supporters (thank you)
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GERMAN-AMERICAN BUSINESS COUNCIL of BOSTON
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