Booming Berlin is also an amazing startup hub in Europe. Every week hundreds of startup events are hosted. Startups are practicing their pitches on startup networking events before presenting for the big fish.
Yearly, roughly 44,000 new companies are founded in Berlin, thus remaining the unequivocal start-up capital of Germany and gaining even more ground in comparison with other German states. The capital is particularly appealing for founders in the creative sectors and technology. On average, one new technology-related start-up is founded in Berlin every 20 minutes. With around 500 new tech startups per year, Berlin is Germany's capital city also for startups.
The starting conditions are advantageous: office and location expenses are much lower than in other major cities. Berlin attracts young, highly qualified people from all over the world.
According to a nationwide comparison, Berlin start-ups are the most international, having a share of 33.7% of foreign employees. The high life quality at comparably low living costs, the vital scene life and international environment are the reasons for young entrepreneurs to implement their business ideas here.
What does Berlin offer entrepreneurs?
- International talent pool
Urban diversity, high life quality and creative atmosphere attract excellently trained, multilingual professionals from all over the world.
- Comprehensive consulting and funding
Potential founders in Berlin can look forward to various funding and consulting possibilities.
- Outstanding infrastructure
Offices at reasonable prices, numerous business incubators and technology centers as well as the most coworking spaces in Germany
- Positive investment climate
The most investments in start-ups nationwide; numerous facilities, business angels, start-up centers and investors provide support for starting a new business.
- Strong networks and technology transfer centers
Berlin’s unique scientific landscape ensures cooperation opportunities with institutions of higher education and over 300 public and private research facilities.
- Creative environment
Hotspots, sector meet-ups and events enable an uncomplicated vital exchange within the start-up scene.
- Attractive living environment
Reasonable rents and living costs in an international metropolis
Berlin is leading in private investments in start-ups: In the first 6 month of 2017, venture capitalists invested around 1.5 billion euros risk capital into 114 startups in Berlin. This accounted for 68 percent of the total venture capital that flowed into Germany, says the "Startup Barometer" by Ernst & Young.
Promising and well-established start-ups have emerged in recent years, such as 6 Wunderkinder, Outfittery, Wooga, Soundcloud, Gameduell, Mister Spex, Zalando, Helpling, Delivery Hero, Home24, HelloFresh, Foodpanda and ZipJet. Estimates see the inventive Berliner start-up scene attracting even more investors to the capital.
- Facts, Figures, Contacts Service: www.businesslocationcenter.de
- Projects, Networks, and Activities for Startups, powered by Berlin Partner: www.berlin-partner.de/startup/
- Internationalisation Programs/ Startup City Network: www.startalliance.berlin
- The Startup Barometer by Ernst & Young (in German)