Data Protection meets Start-ups
An Essential Prerequisite for Increased Competitive Advantage
BAFA subsidy
Find out more about funding: www.bafa.de/EN
What is Data Protection and What is its Purpose?
The EU General Data Protection Regulation (GDPR) is the legal basis of European data protection regulation and since 25 Mai 2018, regulates the processing of personal data by companies, state authorities and clubs.
Personal data constitute all information which relate to an identified or identifiable natural person. According to the GDPR, such information includes that, which can be traced back to the genetic, intellectual, economic, cultural and social identity of an individual. The application and possibilities of GDPR transgressions are so wide that start-ups face increasing pressure to ensure compliance from the onset.
The principal purpose of the GDPR is the protection of the fundamental rights and fundamental freedoms of natural persons and, more especially, their rights around the collection and processing of their personal data, as well as the free flow of traffic of such data.
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Why is Data Protection Imperative for Start-ups?
With the increasing importance of GDPR compliance, an increasing number of investors place importance on the proof of GDPR compliance as a part of the start-up valuation.
What are the Necessary Actionable Measures for
Start-ups?
The Checklist
- Implement technical & organisational measures (TOMs)
- Introduce & maintain a register of all data processing activities
- Inform affected persons about the processing of their data using privacy notices
- Introduce & maintain an internal control system for risk monitoring of data processing
- Appoint a data protection officer (to the extent necessary)
- Ensure the constant protection of the rights of affected parties
- Conclude of order processing agreements with suppliers & service providers
- Training courses for employees & partners
We advise your Start-up on relevant topics related to GDPR and will prepare an individualised quote based on your needs.
Appointment of a data protection officer + GDPR audit
Are you a start-up incubator and / or have direct relationships with many start-ups? We also offer our data protection packages in bulk, enabling an important compliance shift for start-ups.
Privacy means people know what they’re signing up for, in plain language, and repeatedly. I believe people are smart. Some people want to share more than other people do. Ask them.
– Steve Jobs
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