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href="/en/invest/business-location-germany/fdi" title="FDI Projects and Stocks" >FDI Projects and Stocks</a></li> <li><a class="link link--dark" href="/en/invest/business-location-germany/federal-states" title="Federal States" >Federal States</a></li> </ul> <br> </div> </div> </div> </div> </li> <li class="main-navi__item "> <button type="button" class="button button--submenu-trigger icon-angle-right-after" title="Open Submenu" aria-label="Submenu" aria-expanded="true" aria-haspopup="true" data-js-button="submenu-button" data-closed-title="Open Submenu" data-opened-title="Close Submenu"> <span class="button__label">Industries</span> </button> <div class="submenu submenu-country" aria-hidden="true" data-js-menu="sub-menu"> <div class="submenu__upper mobile-only"> <button type="button" class="submenu__close-button" title="Close Submenu" data-js-button="submenu-close-button"> <span class="icon-angle-left"></span> </button> <div class="submenu__label"><span>Industries</span></div> </div> <div class="submenu__lower"> <div class="submenu__row row"> <div class="submenu__col submenu__col-first "> <div class="submenu-link-list"> <strong class="h3 desktop-only">Select an industry for all the data you need to make your business decisions.</strong> <ul> <li><a class="link link--icon-text icon-arrow-right" href="/en/invest/industries" title="Overview" >Overview</a></li> </ul> </div> </div> <div class="submenu__col submenu__col-second submenu--level-1"> <ul> <li> <button type="button" class="button button--submenu-trigger icon-angle-right-after" title="Open Submenu" aria-label="Submenu" aria-expanded="false" aria-haspopup="true" data-js-button="submenu-button" data-closed-title="Open Submenu" data-opened-title="Close Submenu"> <span class="button__label">Healthcare</span> </button> <div class="submenu" aria-hidden="true" data-js-menu="sub-menu"> <div class="submenu__upper"> <button type="button" class="submenu__close-button btn2" title="Close Submenu" data-js-button="submenu-close-button"> <span class="icon-angle-left"></span> </button> <div class="submenu__label"><span>Healthcare</span></div> </div> <div class="submenu__lower"> <div class="submenu__col submenu--level-2"> <ul> <li><a class="link link--dark" href="/en/invest/industries/healthcare-market-germany/medical-biotechnology" title="Medical Biotechnology" >Medical Biotechnology</a></li> <li><a class="link link--dark" href="/en/invest/industries/healthcare-market-germany/medical-technology" title="Medical Technology" >Medical Technology</a></li> <li><a class="link link--dark" href="/en/invest/industries/healthcare-market-germany/digital-health" title="Digital Health" >Digital Health</a></li> <li><a class="link link--dark" href="/en/invest/industries/healthcare-market-germany/pharmaceutical-industry" title="Pharmaceutical Industry" >Pharmaceutical Industry</a></li> <li><a class="link link--dark" href="/en/invest/industries/healthcare-market-germany/health-made-in-germany" title="HEALTH MADE IN GERMANY" >HEALTH MADE IN GERMANY</a></li> <li><a class="link link--dark link--page-preview" href="/en/invest/industries/healthcare-market-germany" title="Healthcare" >Overview &quot;Healthcare&quot;</a></li> </ul> </div> </div> </div> </li> <li> <button type="button" class="button button--submenu-trigger icon-angle-right-after" title="Open Submenu" aria-label="Submenu" aria-expanded="false" aria-haspopup="true" data-js-button="submenu-button" data-closed-title="Open Submenu" data-opened-title="Close Submenu"> <span class="button__label">Energy</span> </button> <div class="submenu" aria-hidden="true" data-js-menu="sub-menu"> <div class="submenu__upper"> <button type="button" class="submenu__close-button btn2" title="Close Submenu" data-js-button="submenu-close-button"> <span class="icon-angle-left"></span> </button> <div class="submenu__label"><span>Energy</span></div> </div> <div class="submenu__lower"> <div class="submenu__col submenu--level-2"> <ul> <li><a class="link link--dark" href="/en/invest/industries/energy/bioenergy" title="Bioenergy" >Bioenergy</a></li> <li><a class="link link--dark" href="/en/invest/industries/energy/energy-efficiency-in-buildings" title="Energy Efficiency in Buildings" >Energy Efficiency in Buildings</a></li> <li><a class="link link--dark" href="/en/invest/industries/energy/energy-efficiency-in-industry" title="Energy Efficiency in Industry" >Energy Efficiency in Industry</a></li> <li><a class="link link--dark" href="/en/invest/industries/energy/energy-infrastructure-65884" title="Energy Infrastructure" >Energy Infrastructure</a></li> <li><a class="link link--dark" href="/en/invest/industries/energy/energy-storage" title="Energy Storage" >Energy Storage</a></li> <li><a class="link link--dark" href="/en/invest/industries/energy/green-hydrogen" title="Green Hydrogen" >Green Hydrogen</a></li> <li><a class="link link--dark" href="/en/invest/industries/energy/photovoltaic" title="Photovoltaic" >Photovoltaic</a></li> <li><a class="link link--dark" href="/en/invest/industries/energy/wind-energy" title="Wind Energy" >Wind Energy</a></li> <li><a class="link link--dark link--page-preview" href="/en/invest/industries/energy" title="Energy" >Overview &quot;Energy&quot;</a></li> </ul> </div> </div> </div> </li> <li> <button type="button" class="button button--submenu-trigger icon-angle-right-after" title="Open Submenu" aria-label="Submenu" aria-expanded="false" aria-haspopup="true" data-js-button="submenu-button" data-closed-title="Open Submenu" data-opened-title="Close Submenu"> <span class="button__label">Environmental Technologies</span> </button> <div class="submenu" aria-hidden="true" data-js-menu="sub-menu"> <div class="submenu__upper"> <button type="button" class="submenu__close-button btn2" title="Close Submenu" data-js-button="submenu-close-button"> <span class="icon-angle-left"></span> </button> <div class="submenu__label"><span>Environmental Technologies</span></div> </div> <div class="submenu__lower"> <div class="submenu__col submenu--level-2"> <ul> <li><a class="link link--dark" href="/en/invest/industries/environmental-technologies/building-industry" title="Building Industry" >Building Industry</a></li> <li><a class="link link--dark" href="/en/invest/industries/environmental-technologies/climate-change-the-environment-68370" title="Climate Change &amp; The Environment" >Climate Change &amp; The Environment</a></li> <li><a class="link link--dark" href="/en/invest/industries/environmental-technologies/recycling-waste-management-68380" title="Germany&#39;s Circular Economy" >Germany&#39;s Circular Economy</a></li> <li><a class="link link--dark" href="/en/invest/industries/environmental-technologies/water-technologies-68394" title="Water Technologies" >Water Technologies</a></li> <li><a class="link link--dark link--page-preview" href="/en/invest/industries/environmental-technologies" title="Environmental Technologies" >Overview &quot;Environmental Technologies&quot;</a></li> </ul> </div> </div> </div> </li> <li> <button type="button" class="button button--submenu-trigger icon-angle-right-after" title="Open Submenu" aria-label="Submenu" aria-expanded="false" aria-haspopup="true" data-js-button="submenu-button" data-closed-title="Open Submenu" data-opened-title="Close Submenu"> <span class="button__label">Consumer Industries</span> </button> <div class="submenu" aria-hidden="true" data-js-menu="sub-menu"> <div class="submenu__upper"> <button type="button" class="submenu__close-button btn2" title="Close Submenu" data-js-button="submenu-close-button"> <span class="icon-angle-left"></span> </button> <div class="submenu__label"><span>Consumer Industries</span></div> </div> <div class="submenu__lower"> <div class="submenu__col submenu--level-2"> <ul> <li><a class="link link--dark" href="/en/invest/industries/consumer-industries/consumer-markets-retail" title="Consumer Markets &amp; Retail Landscape" >Consumer Markets &amp; Retail Landscape</a></li> <li><a class="link link--dark" href="/en/invest/industries/consumer-industries/food-beverages" title="Food &amp; Beverage Industry" >Food &amp; Beverage Industry</a></li> <li><a class="link link--dark" href="/en/invest/industries/consumer-industries/franchising-65658" title="Franchising" >Franchising</a></li> <li><a class="link link--dark" href="/en/invest/industries/consumer-industries/e-commerce" title="E-Commerce" >E-Commerce</a></li> <li><a class="link link--dark link--page-preview" href="/en/invest/industries/consumer-industries" title="Consumer Industries" >Overview &quot;Consumer Industries&quot;</a></li> </ul> </div> </div> </div> </li> <li> <button type="button" class="button button--submenu-trigger icon-angle-right-after" title="Open Submenu" aria-label="Submenu" aria-expanded="false" aria-haspopup="true" data-js-button="submenu-button" data-closed-title="Open Submenu" data-opened-title="Close Submenu"> <span class="button__label">Services</span> </button> <div class="submenu" aria-hidden="true" data-js-menu="sub-menu"> <div class="submenu__upper"> <button type="button" class="submenu__close-button btn2" title="Close Submenu" data-js-button="submenu-close-button"> <span class="icon-angle-left"></span> </button> <div class="submenu__label"><span>Services</span></div> </div> <div class="submenu__lower"> <div class="submenu__col submenu--level-2"> <ul> <li><a class="link link--dark" href="/en/invest/industries/services/banking-location-germany-75164" title="Banking Location Germany" >Banking Location Germany</a></li> <li><a class="link link--dark" href="/en/invest/industries/services/bpo-shared-services" title="BPO/Shared Services Industry" >BPO/Shared Services Industry</a></li> <li><a class="link link--dark" href="/en/invest/industries/services/contact-centers" title="Contact Center Industry" >Contact Center Industry</a></li> <li><a class="link link--dark" href="/en/invest/industries/services/factoring-leasing-75212" title="Factoring &amp; Leasing" >Factoring &amp; Leasing</a></li> <li><a class="link link--dark" href="/en/invest/industries/services/fintech-65682" title="FinTech" >FinTech</a></li> <li><a class="link link--dark" href="/en/invest/industries/services/fund-and-asset-management-254634" title="Fund and Asset Management" >Fund and Asset Management</a></li> <li><a class="link link--dark" href="/en/invest/industries/services/insurance-location-germany-75176" title="Insurance Location Germany" >Insurance Location Germany</a></li> <li><a class="link link--dark" href="/en/invest/industries/services/logistics" title="Logistics" >Logistics</a></li> <li><a class="link link--dark" href="/en/invest/industries/services/private-equity-and-venture-capital-75214" title="Private Equity and Venture Capital" >Private Equity and Venture Capital</a></li> <li><a class="link link--dark" href="/en/invest/industries/services/financial-services" title="Financial Services" >Financial Services</a></li> <li><a class="link link--dark link--page-preview" href="/en/invest/industries/services" title="Services" >Overview &quot;Services&quot;</a></li> </ul> </div> </div> </div> </li> <li> <button type="button" class="button button--submenu-trigger icon-angle-right-after" title="Open Submenu" aria-label="Submenu" aria-expanded="false" aria-haspopup="true" data-js-button="submenu-button" data-closed-title="Open Submenu" data-opened-title="Close Submenu"> <span class="button__label">Industrial Production</span> </button> <div class="submenu" aria-hidden="true" data-js-menu="sub-menu"> <div class="submenu__upper"> <button type="button" class="submenu__close-button btn2" title="Close Submenu" data-js-button="submenu-close-button"> <span class="icon-angle-left"></span> </button> <div class="submenu__label"><span>Industrial Production</span></div> </div> <div class="submenu__lower"> <div class="submenu__col submenu--level-2"> <ul> <li><a class="link link--dark" 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href="/en/invest/hot-topics/start-up-location-germany" title="Link to page &quot;Start-up Location Germany&quot;" > <span>Start-up Location Germany</span> </a> </li> </ul> </div> <div id="main" > <article class="article"> <header class="article-header"> <div class="img-wrapper " data-role="image-wrapper" > <picture class="default-picture"> <source srcset="/resource/image/794052/16x9/480/270/892581d1b6844657021878f5c28dd667/31EC1E2A6FEAE2F459DE95813D812121/slush2021-pt1-93.webp 480w, /resource/image/794052/16x9/639/360/892581d1b6844657021878f5c28dd667/34B10CF73D3261F2E71B4D95D90AF05A/slush2021-pt1-93.webp 639w, /resource/image/794052/16x9/1024/576/892581d1b6844657021878f5c28dd667/00ADA59A5FDDF410BC68950D029AAE69/slush2021-pt1-93.webp 1024w, /resource/image/794052/16x9/791/445/892581d1b6844657021878f5c28dd667/6097AB2634280EB98E37BEB93B74AD8F/slush2021-pt1-93.webp 791w" sizes="((min-width: 0px) and (max-width: 480px)) 480px, ((min-width: 481px) and (max-width: 639px)) 639px, ((min-width: 640px) and (max-width: 1024px)) 1024px, (min-width: 1025px) 791px"/> <source srcset="/resource/image/794052/16x9/480/270/892581d1b6844657021878f5c28dd667/3F505B03989F7F1D044CA8FD649A5278/slush2021-pt1-93.jpg 480w, /resource/image/794052/16x9/639/360/892581d1b6844657021878f5c28dd667/4D41E85F50FB48D169CC1A9BB1F23713/slush2021-pt1-93.jpg 639w, /resource/image/794052/16x9/1024/576/892581d1b6844657021878f5c28dd667/14CE6C00EBA2161530C3345134EDFBAA/slush2021-pt1-93.jpg 1024w, /resource/image/794052/16x9/791/445/892581d1b6844657021878f5c28dd667/17B6E5FF374017007DFC007C1E0E4832/slush2021-pt1-93.jpg 791w" sizes="((min-width: 0px) and (max-width: 480px)) 480px, ((min-width: 481px) and (max-width: 639px)) 639px, ((min-width: 640px) and (max-width: 1024px)) 1024px, (min-width: 1025px) 791px"/> <img src="/resource/image/794052/16x9/1024/576/892581d1b6844657021878f5c28dd667/14CE6C00EBA2161530C3345134EDFBAA/slush2021-pt1-93.jpg" alt="slush" title="Slush Start-up Event | © Hannes Schmidt" loading="lazy" /> </picture> <span class="imgCopyright"> <span class="i"></span> <span class="info" > Slush Start-up Event | © Hannes Schmidt </span> </span> </div><div class="headlineBlock"> <h1 > Start-up Location Germany </h1> </div><div class="kurztext" > <p class="Text">Germany is one of the largest, most vibrant and attractive start-up ecosystems in the world. There are more than 60,000 start-ups in highly specialized sectors across the country.</p> </div> </header> <div class="richtext"> <p>Innovative start-up business models and technologies are transforming entire industries. Start-ups are a driving force of innovation, economic growth and long-term prosperity.</p><p>As both Europe's biggest economy and largest market, Germany plays an important role within the European start-up scene. The country is highly competitive in comparison with other international start-up centers thanks to its unicorns (including Celonis, FlixMobility and N26). Learn more about Germany’s dynamic start-up ecosystem and how Germany Trade &amp; Invest can help you scale your business within this attractive environment.</p> <div class="anchor-links"> <strong>Content of this page</strong> <ul > <li > <a data-show="div-replace-771200" data-track-name="wt771200" id="771200" class="link active" title="Open &quot;Germany’s Start-Up Ecosystem&quot;" href="#771200" > <span>Germany’s Start-Up Ecosystem</span> <script type="text/plain" data-usercentrics="Mapp"> var wt771200 = { "contentId": "gtai-en.invest.industries.germany-s-start-up-ecosystem-771200", "linkTrackParams": "view", "contentGroup": { 1 : "gtai-en", 2 : "invest", 3 : "industries", 4 : "germany-s-start-up-ecosystem-771200" } }; wt771200.formAttribute = "data-wt"; wt771200.customSessionParameter = { 1 : "false" }; wt771200.customEcommerceParameter = { 4 : "Volltext", 5 : "Frei" }; 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</script> </a> </li> </ul> </div> <div class="replacement-containers"> <div id="" class="teaserbox active" data-role="basic-teaser" data-anchor="div-replace-771200"> <h2 >Germany’s Start-Up Ecosystem</h2> <div class="teaserbox__content" data-role="basic-teaser-content" > <div class="kurztext" > <p>Hundreds of entrepreneurship centers, innovation hubs and acceleration programs across Germany produce around 3,000 new start-ups each year.</p> </div><div class="anchor-links"><ul><li><a class="link" href="#toc-anchor--1">Europe’s leading start-up hub</a></li><li><a class="link" href="#toc-anchor--2">Germany's start-up hotspots</a></li><li><a class="link" href="#toc-anchor--3">Germany's major start-up sectors</a></li></ul></div> <h3 class="Text" id="toc-anchor--1">Europe’s leading start-up hub</h3><p class="Text">Corporate innovation and venture units work hand-in-hand with publicly funded start-up networks (such as the <a class="link-external" target="_blank" title="New window to https://www.de-hub.de/en/" href="https://www.de-hub.de/en/">Digital Hub Initiative</a>) and venture capital firms to create a pulsating web of digital innovators. Start-ups secure&nbsp;more than 400,000 jobs in Germany. Germany's start-up ecosystem is truly international – more than 40&nbsp;percent&nbsp;of staff in Berlin start-ups comes from outside of Germany. Female entrepreneurs are growing in number too, establishing more than 20&nbsp;percent&nbsp;of start-ups in 2022.</p><h3 class="Text align--left" id="toc-anchor--2">Germany's start-up hotspots</h3><p class="Text">Berlin, Bavaria, Baden-Württemberg and North Rhine-Westphalia account for two thirds of all German start-ups. Berlin, Munich and Hamburg are renowned for their vibrant start-up ecosystems, while Stuttgart offers unlimited cooperation opportunities with global industry companies including Bosch, Daimler-Benz or Porsche. Combining various cities in one ecosystem, the Rhein-Main region (e.g. Frankfurt, Darmstadt) and Rhein-Ruhr region (e.g. Cologne, Dusseldorf) provide plenty of business and growth opportunities for international start-ups. The diversity of regional start-up ecosystems makes Germany unique and represents its decentralized economic landscape.</p> <div class="infogram-embed" data-id="f2783a14-40a1-4b29-8c46-8df3b8af7f4e" data-type="interactive" data-title=""></div> <script type="text/plain" data-usercentrics="Infogram"> !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); </script> <p class="Text"></p><h3 class="Text" id="toc-anchor--3">Germany's major start-up sectors</h3><p class="Text">German start-ups are mostly active in Ithe ICT sector, followed by the medical &amp; health solutions and food &amp; consumer goods markets.</p> <div class="wrapper-datawrapper-iframe"> <a class="open-in-lightbox icon-magnify" data-lightbox="" data-type="" href="#diagram-wrapper--NenP4-1732451546452">Enlarge image</a> <div class="datawrapper-chart"> <script type="text/javascript" defer src="https://datawrapper.dwcdn.net/NenP4/embed.js" charset="utf-8"></script> <noscript><img src="https://datawrapper.dwcdn.net/NenP4/full.png" alt=""></noscript> </div> <div data-diagram-reload="https://datawrapper.dwcdn.net/NenP4/embed.js" class="datawrapper-chart" id="diagram-wrapper--NenP4-1732451546452"></div> </div><p class="Text"></p> </div> </div><div id="" class="teaserbox " data-role="basic-teaser" data-anchor="div-replace-66234"> <h2 >Introducing Germany&#39;s Digital Hub Initiative</h2> <div class="teaserbox__content" data-role="basic-teaser-content" > <div class="kurztext" > <p>Twelve digital hubs are located across Germany - each reflecting local industry specialization. They cover a number of sectors including logistics, mobility, insurtech, fintech, and smart infrastructure.</p> </div><div class="anchor-links"><ul><li><a class="link" href="#toc-anchor--4">What the Digital Hub Initiative has to offer</a></li><li><a class="link" href="#toc-anchor--5">International networking with the Digital Hub Inititative</a></li><li><a class="link" href="#toc-anchor--6">The Digital Hub’s success stories</a></li></ul></div> <div class="infogram-embed" data-id="dac757a3-2b09-47f0-af23-97f20c17e207" data-type="interactive" data-title=""></div> <script type="text/plain" data-usercentrics="Infogram"> !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); </script> <p class="align--left"></p><p class="align--left">The goal of the <a class="link-external" target="_blank" title="New window to https://www.de-hub.de/en/" href="https://www.de-hub.de/en/" rel="noopener">Digital Hub Initiative</a> is to foster innovation and transfer knowledge as well as technology cooperation and to accelerate the digital transformation of the German economy. The Digital Hubs match start-ups with SMEs, big corporations, investors, and academia. The Digital Hub Initiative hosts a total of 12 hubs. They are spread across the country. Each digital hub&nbsp;has a specific industry focus.</p><h3 class="align--left" id="toc-anchor--4">What the Digital Hub Initiative has to offer</h3><p class="align--left">Combining the innovative approach of entrepreneurs and start-up talents with the resources and skills of established enterprises, the initiative creates digital business opportunities and adds economic value to both established and growing businesses.</p><p class="align--left">Each hub constitutes a unique innovation hotspot. Here, entrepreneurs, start-ups, corporations, and research facilities cooperate to develop concrete programs for the challenges of the digital age. Together, the 12&nbsp;digital hubs form a strong network that enables the exchange of ideas, programs and expertise.</p><p class="Text align--left"><a class="link-external" target="_blank" title="New window to https://www.de-hub.de/en/startupfinder/" href="https://www.de-hub.de/en/startupfinder/" rel="noopener">Start-up Finder</a>:&nbsp;The Start-up Finder provides access to hundreds of start-ups from the Digital Hub Initiative ecosystem.</p><p class="Text align--left"><a class="link-external" target="_blank" title="New window to https://www.de-hub.de/en/programfinder/" href="https://www.de-hub.de/en/programfinder/" rel="noopener">Program Finder</a>:&nbsp;Looking for accelerators, corporate innovation or co-working spaces? You can find programs offered by the initiative and each hub here.</p><p class="Text align--left"><a class="link-external" target="_blank" title="New window to https://www.de-hub.de/en/expertfinder/" href="https://www.de-hub.de/en/expertfinder/" rel="noopener">Expert Finder</a>:&nbsp;The expert finder tool grants access to experts from all sectors with the necessary skills to tackle any digitalization challenge.</p><p class="align--left">The Digital Hub's goal is to strengthen Germany’s position as a world-leading digital economy, whilst enabling international talents to realize their business ideas in Germany and inviting global companies to invest in the digital innovation built within this network.</p><h3 class="Text align--left" id="toc-anchor--5">International networking with the Digital Hub Inititative</h3><p class="Text align--left">The Digital Hub Initiative frequently organizes international events with common booths and side events at leading international fairs (Web Summit, Slush, South by Southwest, and Viva Technology). Start-ups are welcome to join, exhibit and take part in a joint German presence.</p><span class="img-wrapper img-wrapper--content inline-picture--left"> <picture class="default-picture"> <source srcset="/resource/image/940322/fitImage/300/0/718fc8c9d63c735810d818be707d4761/6A32C48CEB111AFD9FB741F37CAEA4F3/221103-lissabon-215.webp 300w, /resource/image/940322/fitImage/600/0/718fc8c9d63c735810d818be707d4761/F0B7B72CF26F4565DA5171778DC73F75/221103-lissabon-215.webp 600w, /resource/image/940322/fitImage/900/0/718fc8c9d63c735810d818be707d4761/853D714930E614D1279ED6DCF36901B5/221103-lissabon-215.webp 900w" sizes="((min-width: 0px) and (max-width: 480px)) 300px, ((min-width: 481px) and (max-width: 1023px)) 600px, (min-width: 1024px) 900px"> <source srcset="/resource/image/940322/fitImage/300/0/718fc8c9d63c735810d818be707d4761/9600E519F9D5848B38CC3D3F860D37FD/221103-lissabon-215.jpg 300w, /resource/image/940322/fitImage/600/0/718fc8c9d63c735810d818be707d4761/DFA8488683E8B9775475EA77226624A9/221103-lissabon-215.jpg 600w, /resource/image/940322/fitImage/900/0/718fc8c9d63c735810d818be707d4761/D4FA58364A349BE31484A8F684806E74/221103-lissabon-215.jpg 900w" sizes="((min-width: 0px) and (max-width: 480px)) 300px, ((min-width: 481px) and (max-width: 1023px)) 600px, (min-width: 1024px) 900px"> <img src="/resource/image/940322/fitImage/900/0/718fc8c9d63c735810d818be707d4761/D4FA58364A349BE31484A8F684806E74/221103-lissabon-215.jpg" alt="Web Summit 2022" title="Web Summit 2022 | © Hannes Schmidt" loading="lazy"> </picture> <a data-lightbox="" href="/resource/image/940322/fitImage/900/0/718fc8c9d63c735810d818be707d4761/D4FA58364A349BE31484A8F684806E74/221103-lissabon-215.jpg" data-type="image" title="Enlarge image"></a> <span class="imgCopyright"> <span class="i"></span> <span class="info"> Web Summit 2022 | © Hannes Schmidt </span> </span> </span> <p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><span class="img-wrapper img-wrapper--content "> <picture class="default-picture"> <source srcset="/resource/image/940324/fitImage/300/0/8e8462b08b68a8afd9baeef258fba7bf/B5EE08514BF1CEE701E084B9793A98D3/slush22-part2-58.webp 300w, /resource/image/940324/fitImage/600/0/8e8462b08b68a8afd9baeef258fba7bf/661825E8329AFDDC7562F8DEAAA51AAE/slush22-part2-58.webp 600w, /resource/image/940324/fitImage/900/0/8e8462b08b68a8afd9baeef258fba7bf/CCE5CC30976AFCB1B3E334AE86FE991B/slush22-part2-58.webp 900w" sizes="((min-width: 0px) and (max-width: 480px)) 300px, ((min-width: 481px) and (max-width: 1023px)) 600px, (min-width: 1024px) 900px"> <source srcset="/resource/image/940324/fitImage/300/0/8e8462b08b68a8afd9baeef258fba7bf/47E26C940CF514587EFC8CF6E361F2E3/slush22-part2-58.jpg 300w, /resource/image/940324/fitImage/600/0/8e8462b08b68a8afd9baeef258fba7bf/73FBCFCEF1731E4FA5BC23DD8E07FFBC/slush22-part2-58.jpg 600w, /resource/image/940324/fitImage/900/0/8e8462b08b68a8afd9baeef258fba7bf/DD68911778C8F29EBB9F2652B4355B6E/slush22-part2-58.jpg 900w" sizes="((min-width: 0px) and (max-width: 480px)) 300px, ((min-width: 481px) and (max-width: 1023px)) 600px, (min-width: 1024px) 900px"> <img src="/resource/image/940324/fitImage/900/0/8e8462b08b68a8afd9baeef258fba7bf/DD68911778C8F29EBB9F2652B4355B6E/slush22-part2-58.jpg" alt="Slush 2022" title="Slush 2022 | © Hannes Schmidt" loading="lazy"> </picture> <a data-lightbox="" href="/resource/image/940324/fitImage/900/0/8e8462b08b68a8afd9baeef258fba7bf/DD68911778C8F29EBB9F2652B4355B6E/slush22-part2-58.jpg" data-type="image" title="Enlarge image"></a> <span class="imgCopyright"> <span class="i"></span> <span class="info"> Slush 2022 | © Hannes Schmidt </span> </span> </span> <h4 class="align--left">International Ambassadors</h4><p class="align--left">The Digital Hub Initiative has established a network of “international ambassadors.” The network serves as the first point of contact for the international start-up community and promotes Germany as a start-up location abroad. The network includes ambassadors drawn from the numbers of Germany Trade &amp; Invest’s experts in different regions across the world.&nbsp; International start-ups can receive advice and information on how to best gain access to Germany’s start-up network and potential partners. Find the ambassador closest to your location at the&nbsp;<a class="link-external" target="_blank" title="New window to https://www.de-hub.de/en/international-ambassadors/" href="https://www.de-hub.de/en/international-ambassadors/" rel="noopener">Digital Hub’s International Ambassador website</a>.</p><h3 class="align--left" id="toc-anchor--6">The Digital Hub’s success stories</h3><p class="Text align--left">The Digital Hub Initiative promotes cooperation and collaboration between start-ups, more established businesses and research partners to forward innovation and digitalization in Germany. In trecent years a multitude of partnerships have arose - many of these are now considered best practice examples and pioneers in their industries. Learn more about recent&nbsp;success stories.</p><h4 class="Text align--left">Wandelbots &amp; Volkswagen</h4><p class="Text align--left">Wandelbots is a spin-off from Technische Universität Dresden and connected with VW through the Smart Systems Hub Dresden. In 2018 they started their collaboration with a project dedicated to human-robot cooperation. To date, Wandelbots has raised more than EUR 30 million in funding and is now working with Microsoft and Siemens. &nbsp;The cooperation with VW marked a breakthrough for Wandelbots in industry partnerships.</p><h4 class="Text align--left">R + V Insurance &amp; Nect</h4><p class="Text align--left">R + V is the first insurer in Europe to offer its customers the opportunity to activate the digital customer portal “My R&amp;V” with the video identification process of Nect within a few minutes. Via the portal R + V customers can edit and manage their insurance contracts digitally and receive updates on claims processing. The "selfie" ident-process was developed by Nect in close collaboration with R + V. The cooperation arose from discussions in InsurTech Cologne Hub.</p><h4 class="align--left">Freque attracts angel investment</h4><p class="align--left">Thanks to its participation at SXSW 2022, made possible by the Digital Hub Initiative, an angel investor from the UK was able to take in the Freque start-up pitch at the German Pavilion.&nbsp;The mediatech start-up, from the Digital Hub Potsdam, aroused so much interest that contact was established between the two and a significant investment made by the UK investor.</p><h4 class="text align--left">CibusCell partner in MED Light Project</h4><p class="text align--left">CibusCell has become a project partner of the MED Light Project - a project for the production and export of green hydrogen in the MENA region within an international network. The project involves the production, transportation and use of green hydrogen from two&nbsp;sources: one in Israel and one in Spain or Portugal.&nbsp;Various partners from Germany, Turkey, Norway, Israel, and Spain are involved. CibusCell participation will be in the areas of control systems and advanced analytics.&nbsp;The start-up comes from the Digital Hub Mannheim/Ludwigshafen and participation at the GITEX in Dubai was able to help CibusCell land such a prestigious project.</p> </div> </div><div id="" class="teaserbox " data-role="basic-teaser" data-anchor="div-replace-771296"> <h2 >Funding Capital Hub Germany</h2> <div class="teaserbox__content" data-role="basic-teaser-content" > <div class="kurztext" > <p>Access to funding is critical for start-ups. Germany offers numerous funding options ranging from venture capital firms of global importance to state-funded programs.</p> </div><div class="anchor-links"><ul><li><a class="link" href="#toc-anchor--7">Increasing VC investment</a></li><li><a class="link" href="#toc-anchor--8">International venture capital</a></li><li><a class="link" href="#toc-anchor--9">German venture capital networks</a></li><li><a class="link" href="#toc-anchor--10">Public support programs for start-ups in Germany</a></li></ul></div> <h3 class="Text" id="toc-anchor--7">Increasing VC investment</h3><p>In the last years, investment volumes in German start-ups have increased significantly to EUR 17.36&nbsp;billion&nbsp;in 2021. This is a significant level of growth when compared to the previous years of 2019 and 2020 (when investment volume amounted to EUR 6.2 billion&nbsp;and EUR 5.3 billion respectively). In 2021, Germany ranked second place after the United Kingdom in terms of investment volume for start-ups in Europe.</p> <div class="infogram-embed" data-id="19dceab1-cafc-4ec7-b602-92e18bf9930a" data-type="interactive" data-title=""></div> <script type="text/plain" data-usercentrics="Infogram"> !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); </script> <p></p><h3 class="Text" id="toc-anchor--8">International venture capital</h3><p class="Text">Venture capital firms of global importance take part in large funding rounds in Germany and international investors are increasingly active in Germany.</p><p>In 2022, the Qatar Investment Authority, Activant Capital and Neuberger Berman invested a total of EUR 1 billion in Celonis. Insurance start-up Wefox received USD 400 million from Abu Dhabi-based Mubadala Investment in July 2022.</p><p>Other major funding rounds include Sequioia Capital in Trade Republic, securing&nbsp;USD 900 million, Tiger Global in Mambu (securing&nbsp;USD 110 million), and Accel in Personio and Sennder. Personio and Sennder were able to secure USD 75 million and USD 160 million in 2021 in&nbsp;investment rounds with Accel.</p><p class="Text">Germany itself is home to an active community of more than 100 corporate venture capital companies. Numerous early-stage investors are active in Europe and can be broken down to VCs with pre-seed focus, seed including pre-seed and seed/series A+ including pre-seed.&nbsp;Some of the well-known investors include Companisto, Smart Infrastructure Ventures, PlugandPlay, and High-Tech Gründerfonds.</p><p class="Text">Germany increasingly attracts growth and late-stage investors such as Accel, Mubadala Capital Ventures, Sequoia Capital, Softbank Group, Tencent and Tiger Global. These investors have participated in some of the biggest German funding rounds with Celonis, Personio, Wefox Group, Trade Republic, Lilium, and Mambu.</p><h3 class="Text" id="toc-anchor--9">German venture capital networks</h3><p><strong>BVK</strong></p><p class="Text">The BVK – Germany‘s Private Equity and Venture Capital Association – represents 300 members, around 200 of which are holding companies including institutional investors. The association also represents the most important German corporate venture capital companies. You can search for investors subject to financial needs, transaction volume and size of revenue.&nbsp;</p><p class="Text"><strong>BAND Business Angels Network Germany</strong></p><p class="Text">Business Angels Network Germany e.V. was founded in 1998 and has acted as the official umbrella organization for German business angels and their networks since 2001. You can search for business angels by individual federal state.</p><p class="Text"><strong>Deutsche Börse Venture Network</strong></p><p class="Text">The venture network fosters network building between investors and entrepreneurs. It offers investors access to investment opportunities in young growth companies with exit potential tailored to their investment profiles. It also introduces companies to suitable investors and supports founders with training and growth know-how.</p><h3 class="Text" id="toc-anchor--10">Public support programs for start-ups in Germany</h3><p class="Text">Germany offers multiple public funding schemes to start-ups with a legal presence in Germany.&nbsp;The federal government offers extensive support information for entrepreneurs. There are programs at national and regional as well as European levels.</p><p class="Text"><strong>National level support programs examples:&nbsp;</strong></p><p class="Text">Coparion,&nbsp;High-Tech Gründerfonds (HTGF),&nbsp;SPRIN-D,&nbsp;KfW-Programs,&nbsp;EXIST “Business Start-up from Science”,&nbsp;SME Innovative,&nbsp;Zentrales Innovationsprogramm Mittelstand (ZIM)</p><p class="Text"><strong>Regional level support program examples: </strong></p><p class="Text">Federal state-owned promotional banks, different venture capital funds</p><p class="Text"><strong>European level support programs examples:</strong></p><p class="Text">Horizon EUROPE,&nbsp;EIB-Venture Debt</p><p class="Text"><a class="link-internal" href="/en/meta/contact-personal?contactId=846872&amp;documentId=240370" target="_blank" rel="noopener">Contact us</a> to receive more information and to find out which program may best fit your project.</p> </div> </div><div id="" class="teaserbox " data-role="basic-teaser" data-anchor="div-replace-771266"> <h2 >From Unicorn to IPO - German Success Stories</h2> <div class="teaserbox__content" data-role="basic-teaser-content" > <div class="kurztext" > <p class="Text">Germany is among those country's in the European Union with the highest number of unicorns - more than 30 companies have a market value of more than a billion euros. Some unicorns opt for IPO to become part of Germany’s leading stock exchange DAX 40.</p> </div><div class="anchor-links"><ul><li><a class="link" href="#toc-anchor--11">German Unicorns</a></li><li><a class="link" href="#toc-anchor--12">Start-up IPOs in Germany</a></li></ul></div> <h3 id="toc-anchor--11">German Unicorns</h3><p>Germany already hosts numerous unicorns and has many “soonicorns” in the pipeline – the highest number in Europe by some distance after the United Kingdom. Most unicorns in Germany are in the FinTech, mobility and software sectors and typically based in Berlin and Munich. The number of German unicorns has doubled since 2021.</p> <div class="infogram-embed" data-id="eaf79c37-b088-4063-a39c-d10429bca5c0" data-type="interactive" data-title=""></div> <script type="text/plain" data-usercentrics="Infogram"> !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); </script> <p></p><h3 class="Text align--left" id="toc-anchor--12">Start-up IPOs in Germany&nbsp;</h3><p class="Text align--left">As of September 2021, the leading German stock index DAX&nbsp;includes 40 companies instead of the traditional 30 companies listed.&nbsp;The&nbsp;inclusion of start-ups Zalando and HelloFresh speaks to the fact that new and innovative businesses can have successful initial public offerings that pave the way to the top of Germany’s economy.</p><p class="align--left"><strong>Delivery Hero</strong></p><p class="Text align--left">Delivery Hero, founded as a start-up in 2011 in Berlin, is an online food delivery platform. In 2014, investors brought in over EUR 400 million. Successive acquisitions around the world further fueled expansion and after the last investment round in June 2015, the start-up received EUR 2.8 billion. With the IPO on June 30, 2017, the company was valued at EUR 4.4 billion and three months later at EUR 6.5 billion. In 2018, the Dutch competitor Takeaway.com acquired it for EUR 930 million. Since August 24, 2020, Delivery Hero has been listed on the DAX. Its employees exceed 35,000 and sales amounted to&nbsp;over EUR 2.47 billion in 2020.</p><p class="align--left"><strong>Zalando</strong></p><p class="Text align--left">Zalando was founded in 2008 in Berlin and went public in October 2014. Its IPO raised EUR 605 million. In 2015, the company opened additional technology locations in Dublin and Helsinki. They serve more than 42 million active customers in 20 European markets and engage in various business areas: Zalando runs outlets in eleven German cities, with more than 2,400 stationary retailers tied to the company. In 2020, Zalando generated sales of EUR 7.98 billion with over 14,000 employees.</p><p class="Text align--left"><strong>HelloFresh</strong></p><p class="align--left">In 2011, the Berlin based food delivery start-up HelloFresh was founded with the financial participation of Rocket Internet. When it went public in 2017, took in EUR 318 million and was valued at EUR 1.7 billion. In the second quarter of 2019, it generated an adjusted pre-tax profit of EUR 18.3 million. Together with the takeover of competitors in North America (Chef's Plate and Green Chef), rapid expansion was possible and intelligent refrigerators were added to the product list. In 2020, HelloFresh had over 6,000 employees at more than 700 locations worldwide with a turnover of EUR 3.7 billion. Between December 2020 and March 2021, its customer base rose by 37 percent to 7.3 million.</p><p class="Text align--left"><strong>Auto1</strong></p><p class="Text align--left">Auto1 was founded in 2012 as a start-up for online car trading. Its legal seat is in Munich and its administrative seat in Berlin. With the investment of the Japanese company Softbank in 2018, Auto1 was valued at EUR 2.9 billion. On February 4, 2021, the company went public on the Frankfurt Stock Exchange. The proceeds were around EUR 1.8 billion. Today, market capitalization amounts to EUR 10 billion. More than 4,400 employees work for Auto1 in 30 countries. In 2019, company turnover was EUR 3.5 billion, with a daily volume of over 3,000 vehicles traded.</p><p class="Text align--left"><strong>Mister Spex</strong></p><p class="Text align--left">Founded as a start-up in 2007, Misterspex is headquartered in Berlin. In 2008, the shop’s website went online in Germany – offering glasses, sunglasses, contact lenses, and matching care products. Misterspex is now present in over 10 countries with over 30 of their own stores throughout Germany. On July 2, 2021, Misterspex went public and raised EUR 375 million. At the issue price, the company has a market value of EUR 829 million. It employs over 600 people and has a yearly turnover of over EUR 130 million.</p> </div> </div><div id="" class="teaserbox " data-role="basic-teaser" data-anchor="div-replace-771788"> <h2 >Start-Up Location Germany News Feed</h2> <div class="teaserbox__content" data-role="basic-teaser-content" > <div class="kurztext" > <p>Start-ups in Germany operate in a vibrant and dynamic business location where new opportunities arise every day. Find out more about what's going on in Germany.</p> </div><div class="teaserbox "> <div class="teaserbox__content"> <ol class="news-list"> <li> <div class="overline"> <div class="overline__left"> <span class="overline__text date" >Nov 14, 2024</span> <span class="overline__text"> Start-ups </span> </div> </div> <a href="/en/invest/germany-on-the-rise-as-ai-startup-location--1838970" title="Link to Event" > <div class="item-headline" > Germany On the Rise as AI Startup Location </div> </a> </li><li> <div class="overline"> <div class="overline__left"> <span class="overline__text date" >Oct 30, 2024</span> <span class="overline__text"> Start-ups </span> </div> </div> <a href="/en/invest/new-credit-available-to-smes-in-germany-1833658" title="Link to Event" > <div class="item-headline" > New Credit Available to SMEs in Germany </div> </a> </li><li> <div class="overline"> <div class="overline__left"> <span class="overline__text date" >Oct 25, 2024</span> <span class="overline__text"> Start-ups </span> </div> </div> <a href="/en/invest/business-location-germany/fdi/top-vc-deal-worth-eur-1-4-billion--1832600" title="Link to Event" > <div class="item-headline" > Top VC Deal Worth EUR 1.4 Billion </div> </a> </li><li> <div class="overline"> <div class="overline__left"> <span class="overline__text date" >Sep 27, 2024</span> <span class="overline__text"> Start-ups </span> </div> </div> <a href="/en/invest/german-fitness-specialist-becomes-unicorn-1824100" title="Link to Event" > <div class="item-headline" > German Fitness Specialist Becomes Unicorn </div> </a> </li><li> <div class="overline"> <div class="overline__left"> <span class="overline__text date" >Sep 18, 2024</span> <span class="overline__text"> Start-ups </span> </div> </div> <a href="/en/invest/germany-introduces-billion-euro-start-up-support--1820862" title="Link to Event" > <div class="item-headline" > Germany Introduces Billion-Euro Start-Up Support </div> </a> </li> </ol> <a class="further-posts link" data-wt="" href="/en/meta/search/66080!search;eNqVUUFOxDAM_IvPRQJphUTPiA_ADXFw09klq9QpdrJQVv07CRIcVgKlt7E1Y2tmzrRnh2TUn2nI5gVmV6zgujAEuISR-mfycoIleukIHy6UTUFOjtQTy0JrR5oH9e5C9jfdxSxJl2a-FUpUa-YHfm-_PcN5DpeW7253u38Mw0WJ0xbL2VKc2i3svbA4aLNgfmXDhgamucCHUsTIyUdpVuIESU_LjA3tqUe7c8vDsbDak4o6cWq9X5PiAx79ZzFwc93RG_WSQyh_o5anVOLAPcxR9w3rWcj4Q1KWA34ViaukDuv6BWylE7E" title="More" >More</a> <div class="search"> <form method="get" action="/en/meta/search/66080!search;eNqVUUFOxDAM_IvPRQJphUTPiA_ADXFw09klq9QpdrJQVv07CRIcVgKlt7E1Y2tmzrRnh2TUn2nI5gVmV6zgujAEuISR-mfycoIleukIHy6UTUFOjtQTy0JrR5oH9e5C9jfdxSxJl2a-FUpUa-YHfm-_PcN5DpeW7253u38Mw0WJ0xbL2VKc2i3svbA4aLNgfmXDhgamucCHUsTIyUdpVuIESU_LjA3tqUe7c8vDsbDak4o6cWq9X5PiAx79ZzFwc93RG_WSQyh_o5anVOLAPcxR9w3rWcj4Q1KWA34ViaukDuv6BWylE7E" autocomplete="off"> <input disabled="disabled" id="defaultSearchTerm" value="Searchterm" name="defaultSearchTerm" type="hidden"> <fieldset> <span class="search-field"> <label for="search_field">Search</label> <input placeholder="Search term" name="q" id="search_field" type="search" value=""> <button title="send search" name="submit" class="icon-magnify" type="submit"> <span class="hidden">send search</span> </button> </span> </fieldset> </form> </div> </div> </div><p></p> </div> </div><div id="" class="teaserbox " data-role="basic-teaser" data-anchor="div-replace-771298"> <h2 >Connect at Germany’s Main Start-up Events </h2> <div class="teaserbox__content" data-role="basic-teaser-content" > <div class="kurztext" > <p>Networking of all kinds plays a large role in Germany's start-up ecosystem. This is best seen by the importance of networking spaces, side events and after party events.</p> </div><p class="Text">Event concepts vary from centralized keynotes and discussions by influential and successful speakers with up to 20,000 attendees to smaller gatherings where the focus lies on interaction between start-ups with a more hands-on approach. Our start-up team frequently visits start-up events and organizes delegation trips to international summits.</p><ul class="rte--list"><li class="Text">Bits &amp; Pretzels </li><li>Hinterland of Things</li><li>hub.berlin</li><li>MO1N Start-Up Camp</li><li>NOAH Berlin</li><li>NEXT Conference</li><li class="Text">Ruhr Summit</li><li>TOA Berlin Conference</li></ul> </div> </div> </div> </div> </article> </div> <div id="sidebar-right" class="tablet-2col"> <div class="gtai-contactbox"> <strong>Contact Us</strong> <div class="teaserbox teaserbox--contact"> <div class="img-wrapper" > <picture class="default-picture"> <source srcset="/resource/image/846084/16x9/420/236/2ccb62dd9570347684dc63ee4dbeec8a/246E14931922E5D8D5CC1BAA1D075F64/koevener-philipp.webp 420w, /resource/image/846084/16x9/579/326/2ccb62dd9570347684dc63ee4dbeec8a/96DB9FB5220EE964D7A8ECC7F5074E8D/koevener-philipp.webp 579w, 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alt="Logo-Digital-Hub-Initiative-12-Startup-Hubs" title="Digital Hub Initiative Logo | © RCKT" loading="lazy" /> </picture> <span class="imgCopyright"> <span class="i"></span> <span class="info" > Digital Hub Initiative Logo | © RCKT </span> </span> </div> <h3 class="teaserbox__title"> The Digital Hub Initiative </h3> <div class="teaserbox__content"> <p>Discover Germany’s Digital Hub Initiative, connecting SMEs and corporations with the newest innovators from the science and start-up scene.</p> <div > <a href="https://www.de-hub.de/en/" target="_blank" rel="noopener noreferrer" class=" link" role="button" title="Link to page &quot;The Digital Hub Initiative&quot;">Twelve Hubs, One Digital Ecosystem</a> </div> </div> </div><div class="teaserbox "> <div class="img-wrapper" > <picture class="default-picture"> <source srcset="/resource/image/1734/16x9/420/236/7f5251aa7a58c39b38365a7ab7919712/4E32884F2D580E219EA9D76B0AEE03F6/rf-adobe-34808837.webp 420w, 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/resource/image/1734/16x9/379/213/7f5251aa7a58c39b38365a7ab7919712/3A55689DE029F94530FB7E2421BC142E/rf-adobe-34808837.jpg 379w" sizes="((min-width: 0px) and (max-width: 480px)) 420px, ((min-width: 481px) and (max-width: 639px)) 579px, ((min-width: 640px) and (max-width: 1024px)) 472px, (min-width: 1025px) 379px"/> <img src="/resource/image/1734/16x9/579/326/7f5251aa7a58c39b38365a7ab7919712/F1578A8336F944B1B21DAE193B9052D6/rf-adobe-34808837.jpg" alt="iPad" title="Holding Tablet PC | © bloomua - stock.adobe.com" loading="lazy" /> </picture> <span class="imgCopyright"> <span class="i"></span> <span class="info" > Holding Tablet PC | © bloomua - stock.adobe.com </span> </span> </div> <h3 class="teaserbox__title"> Start-ups International </h3> <div class="teaserbox__content"> <p>Sing up for our free newsletter and stay informed about the latest trends and developments in Germany’s start-up scene.</p> <div > <a href="/en/invest/service/newsletter/profile" class=" link" role="button" 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