Insolvencies in Saxony's start-up scene are on the rise

Dresden. A small wave of insolvencies is currently rolling through Saxony's start-up scene. The latest victim is Dresden-based Tech & Life Solutions GmbH. The young company, which caused a stir with the development of the "Harmody" app for tinnitus patients, has been involved in preliminary proceedings since mid-September.

The Tech & Life Solution GmbH emerged from a research project at the Technical University of Dresden. After three years of development, the seven employees brought their app to market maturity. "Harmody" is a music player that harmonises the sound of tinnitus and should therefore, according to the company "provide lasting help in the everyday lives of those affected".

Campeleon GmbH in Radeberg had already slipped into bankruptcy in June. The small company, founded in 2021, had specialised in customised and modular camper vans and motorhomes. As recently as August 2022, there was still talk of good full order books . Industry neighbour Stray Camp GmbH from Müglitztal in the Sächsische Schweiz-Osterzgebirge district is also in trouble. The manufacturer and seller of car roof tents, which was founded in autumn 2021, has been insolvent for a good ten days.

The biotechnology company Scobytec GmbH in Leipzig, which had tried to establish itself on the market with vegan materials based on bacteria for the textile and automotive industries, has also run out of financial steam. The Leipzig-based company was even nominated for the Green Product Award, which honours sustainable services and products.

IM GmbH from the Chemnitz start-up centre is also in danger of failing. The young company, which specialises in trading infrared cabins, some of which it has developed itself, has been under provisional insolvency administration since July.

Article from the "Sächsische SZ" from 22/09/2023