Surviving the COVID-19 storm: resources for startups
06/04/2020

Surviving the COVID-19 storm: resources for startups

In face of the COVID-19 crisis, we have compiled a list of resources for startups that help with monitoring news, regulations & incentives, learning from the past and adapting ways of working.

Updated Tue, June 16, 2020

The Coronavirus pandemic has the ability to continue to disrupt the economy — both near and long term. As a startup, surviving in this new reality will be challenging, but also offers opportunity for those who can react quickly. Monitoring news, regulations & incentives, learning from the past and adapting ways of working will be essential for success. Here is a list of the best resources we’ve seen so far that can help:

Forecasts & lessons from the past

June, 2020 update:

Alright. What to do next?

Dozens of investors, CEOs, and consultants have been sharing their pieces of advice for startups on how to stay strong in the times to come. Here are some of the best ones:

June, 2020 update:

Financial aids

Updated June, 2020:

  • US. US startups can apply for Small Business Support measures, which include the Paycheck Protection Program, SBA Loan Forgiveness and Economic Injury Disaster Loans. Note: applications for the Paycheck Protection Program (PPP) are open until June 30, 2020.
  • UK. The UK government has put in place several measures to support businesses, including deferring VAT payments and a Coronavirus Business Interruption Loan Scheme. You can find which scheme applies to your business through the Coronavirus business support finder.
    The Coronavirus Future Fund package has been recently launched, offering convertible loans between £125,000 to £5 million to support small innovative businesses in the country. If you are in doubt about whether your business is eligible for it, Sifted has developed a comprehensive Q&A for guidance on how to apply to the Future Fund package.
  • In Denmark, help package is being offered to SMEs whose export activities have been affected by Covid-19. In addition, the government has put in place a series of compensation schemes for businesses, which you can apply for through this link (in Danish).

Embracing remote work

If this is your organization’s first time trying to work remotely, GitHub has developed a set of general guidelines to help you get started, and McKinsey Digital developed a blueprint for remote working based on lessons learned from China. Also, Local Globe & Latitude have put together a working document with a long and rich list of resources for employees and managers working from home and administering teams.

In addition, here is a list of our favorite tools & guides on how to use them:

June, 2020 update: