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Highlights of Germany’s Most Extensive Annual Startup Survey
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The startup scene in Germany has been growing rapidly in recent years, with Berlin and Munich becoming well-established startup hubs. For the last decade investment in German startups grow consistently. With this episode, we give you deep insights from the most extensive startup survey annually undertaken in Germany.
This year's startup survey from Germany is out, and it offers some insights into the country's startup ecosystem. Here are some highlights:
A bit of data on the survey
This year more than 2.000 startups participated with more than 5.000 founders. In total the startups have more than 33.000 employees. On average the participating startups are a bit over 2 ½ years old and are mostly located in Berlin and NRW (Nordrheinwestfalen, one of Germany’s states). NRW is Germany’s largest state by population. It is also home to the Rhein-Ruhr metropolitan region, one of the world’s 40 largest Metropolitan Regions.
Hot regions
The hotspot is still Berlin, but also cities like Leipzig or Dresden (home to Germany’s center for semiconductor production) are also gaining ground. Berlin represents 17,1% of the surveyed startups
Industries of the startups
In total, they found startups from 16 industries, plus “others.” The by far largest share are IT and Telekom companies, followed by medicine and medical care. Food, as 3rd, does not even make up 10% of the responses, followed by automotive and logistics.
Also, Fintechs (finance, banking, and insurance) only make up 4,7% of the startups, even though they make headlines and big funding. Also, proptech (property tech, everything dealing with real estate) is a separate category making up 3.7%.
The smallest share is startups active in tourism.
Overall, the survey paints a picture of a vibrant and growing startup ecosystem in Germany. With strong support from both the government and the private sector, it's no wonder that more and more entrepreneurs are choosing to set up shop in the country.
This podcast uses the following third-party services for analysis:
Podcorn - https://podcorn.com/privacy
Chartable - https://chartable.com/privacy
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