With the coronavirus pandemic unfolding, startups may be in need of immediate funding to keep their businesses afloat in an economic downturn. In April, we decided to add COVID-specific funding sources to our competitions/grants/other funding section of the guide.
The Covid-19 Pandemic has hit the overall Global economy. It is said that the global recession in 2020 might be worse than what we experienced in 2008.
For most businesses and startups, the harsh economic realities caused by the COVID-19 pandemic are beginning to have multi-dimensional effects. Startup founders and employees are either filled with uncertainty at best or pessimism at worst.
PSL’s head of programs, Jaclyn Allen, says the nonprofit is hearing that entrepreneurs are looking for info on resources, mentorship, COVID-19 relief and pivoting right now.
Sifted interviews Paul-Francois Fournier, of state-owned bank Bpifrance. He’s one of the people distributing France’s €4bn of coronavirus startups support.
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