The 5th German Startup Monitor for Germany was published by Bundesverband Deutsche Startups e.V.
It defines a startup as a company that:
a) is younger than 10 years,
b) features innovative technologies,
c) has a significant employee or sales growth.
Let’s start with TOP 10 FACTS about GERMAN STARTUPS!
- 16.8% of Startups in Germany come from Berlin, followed by Rhein-Ruhr region with 11.3%.
- TU Minich is the leader among German universities when it comes to the number of startup founders.
- 3 out of 4 startups are founded by teams and not by solo entrepreneurs.
- Berlin has the highest share of female founders – 16.2%; Munich and Hamburg are the most “male” startup cities with only 10.5% female entrepreneurs.
- 81% of German founders have a university degree.
- 56% of German startups in 2017 focus on B2B business strategies.
- Average startup owner was 35.3 years old in Germany in 2017.
- 4 out of 10 startups were founded by serial entrepreneurs in Germany.
- Startups collected 2.1 bn EUR external capital to date in Germany. They plan to raise additional 1 billion in the next 12 months.
- Industries popular among founders are related to IT and new technologies: IT software development, software as a service, industrial technology and production, hardware, e-commerce, online marketplace.