5 Reasons why Germany is the Best Country for Startups - TNW (2020)
Germany has been a startup ecosystem on the rise for quite some time now. It’s produced a number of global success stories including SoundCloud, Zalando, Flixbus, and HelloFresh.
In 2019, the country was ranked number one in Europe for startups by NimbleFins. EY reported that Germany’s top 100 startups received a total of $11.1 billion in funding in 2019, a significant increase from the $6.3 billion reached in 2018.
While startup ecosystems across the globe have taken a hit during the pandemic, we’re already seeing signs of recovery across Germany’s startup scene, from the creation of new accelerators and venture capital firms to multi-million euro funding rounds.
Just what is it about Germany’s unique ecosystem that’s helped so many startups adapt, survive, and thrive?