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Blog | 6. Juli 2017

BERLIN IS EUROPE’S LARGEST START-UP FACTORY

 


 

Udo Schloemer is by no means a stranger on the start-up scene. After all, he founded ‘Factory Berlin’ – Germany’s first, and largest, start-up campus.’ He has since proceeded to help other young entrepreneurs get their businesses off to a strong start. As the brains behind the JMES Vermögensverwaltung GmbH venture capital firm, he has invested in companies such as 6Wunderkinder, EyeEm and Relayr. And when Schloemer has something to say, people listen. Not only in Berlin. His voice has long had international weight – including when he talks about the advantages of the German (start-up) capital. “To be successful in Berlin, you don’t need a German passport or a degree from an elite university,” said Factory’s CEO just recently. And he continued: “Berlin’s start-up scene is business-friendly, welcoming company founders and talent from all over the world with open arms.”

THE “CAPITAL OF COOLNESS” ACKNOWLEDGES NO BORDERS

The latest figures certainly back him up: 43 percent of the city’s founders hail from abroad, which sees Berlin seizing second spot in a new global ranking – with only the legendary Silicon Valley ranking higher. At 77 percent, Berlin also ranked third in terms of visa approvals for foreign citizens. Berlin’s authorities were also among the world’s fastest at processing visa applications. Taken all together, it’s clear that the future is being created on the banks of the River Spree. In such matters, it is important that decisions are made quickly – especially as Berlin is competing internationally to attract the world’s top talents. Germany’s capital certainly knows how to get the job done. These are just two of the positive findings in the latest “Global Startup Ecosystem” report from Startup Genome, confirming what every Berliner already knows – they are living in one of the most innovative, exciting and liberal cities in the world.

Minimal red tape for visas, a high standard of living, affordable housing, a cosmopolitan atmosphere and frictionless access to the European market – these are the ingredients behind Berlin’s success, and have created the seventh-best start-up ecosystem in the world in the “Capital of Coolness.” Within Europe, only London comes ahead of Berlin in offering early-stage start-ups the best chances of global success. And, with London currently preparing for complicated Brexit negotiations, Berlin has a very good chance of taking over as Europe’s undisputed start-up capital. Once Britain exits the EU, London may have to adjust to a more isolated future, losing some of its appeal, particularly among company founders, who may no longer be able to rely on direct access to Europe’s key markets.

BERLIN TOPS LONDON

In terms of attracting and retaining talent, London is no longer unbeatable. As the ranking’s top European city, Berlin landed in fifth place in the world for “Talent Acquisition.” London had to make do with tenth in the same ranking. The result were similar in the 2017 “Global Startup Ecosystem” study, which ranked the world’s top 20 start-up ecosystems according to a range of in-depth criteria: How many new companies were founded? What were the exit volumes, and how many were there over the twelve months? How easy is it to access resources? How big is the talent pool? And how do things look in terms of domestic and international market shares?

BERLIN IS LUCKY NO. 7

Based on the answers to all of these questions, Berlin was awarded seventh place in the latest ranking, climbing two places since the last report. The USD 88 million collected by Hellofresh in its G funding round was almost matched by the Billpay exit, which generated USD 75 million. As the study’s authors confirmed, Berlin’s ranking was also boosted by the USD 3 billion valuation of Delivery Hero. The Berlin-based operator of an international network of online fulfillment platforms has, according to his own figures, now signed up 200,000 partner restaurants and receives 13 million orders per month. And let’s not forget the impact that the 2014 IPOs of Berlin’s biggest players, Zalando and Rocket Internet, has had. Then there’s the pioneering FinTech company N26, which has just been granted a full banking license and is aiming to disrupt the traditional banking industry. The authors of the start-up study are convinced that that’s exactly what N26 will do, predicting that the company will be “the next big thing to come out of Berlin.”

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Blog | 6. Juli 2017

BERLIN IS EUROPE’S LARGEST START-UP FACTORY

 


 

Udo Schloemer is by no means a stranger on the start-up scene. After all, he founded ‘Factory Berlin’ – Germany’s first, and largest, start-up campus.’ He has since proceeded to help other young entrepreneurs get their businesses off to a strong start. As the brains behind the JMES Vermögensverwaltung GmbH venture capital firm, he has invested in companies such as 6Wunderkinder, EyeEm and Relayr. And when Schloemer has something to say, people listen. Not only in Berlin. His voice has long had international weight – including when he talks about the advantages of the German (start-up) capital. “To be successful in Berlin, you don’t need a German passport or a degree from an elite university,” said Factory’s CEO just recently. And he continued: “Berlin’s start-up scene is business-friendly, welcoming company founders and talent from all over the world with open arms.”

THE “CAPITAL OF COOLNESS” ACKNOWLEDGES NO BORDERS

The latest figures certainly back him up: 43 percent of the city’s founders hail from abroad, which sees Berlin seizing second spot in a new global ranking – with only the legendary Silicon Valley ranking higher. At 77 percent, Berlin also ranked third in terms of visa approvals for foreign citizens. Berlin’s authorities were also among the world’s fastest at processing visa applications. Taken all together, it’s clear that the future is being created on the banks of the River Spree. In such matters, it is important that decisions are made quickly – especially as Berlin is competing internationally to attract the world’s top talents. Germany’s capital certainly knows how to get the job done. These are just two of the positive findings in the latest “Global Startup Ecosystem” report from Startup Genome, confirming what every Berliner already knows – they are living in one of the most innovative, exciting and liberal cities in the world.

Minimal red tape for visas, a high standard of living, affordable housing, a cosmopolitan atmosphere and frictionless access to the European market – these are the ingredients behind Berlin’s success, and have created the seventh-best start-up ecosystem in the world in the “Capital of Coolness.” Within Europe, only London comes ahead of Berlin in offering early-stage start-ups the best chances of global success. And, with London currently preparing for complicated Brexit negotiations, Berlin has a very good chance of taking over as Europe’s undisputed start-up capital. Once Britain exits the EU, London may have to adjust to a more isolated future, losing some of its appeal, particularly among company founders, who may no longer be able to rely on direct access to Europe’s key markets.

BERLIN TOPS LONDON

In terms of attracting and retaining talent, London is no longer unbeatable. As the ranking’s top European city, Berlin landed in fifth place in the world for “Talent Acquisition.” London had to make do with tenth in the same ranking. The result were similar in the 2017 “Global Startup Ecosystem” study, which ranked the world’s top 20 start-up ecosystems according to a range of in-depth criteria: How many new companies were founded? What were the exit volumes, and how many were there over the twelve months? How easy is it to access resources? How big is the talent pool? And how do things look in terms of domestic and international market shares?

BERLIN IS LUCKY NO. 7

Based on the answers to all of these questions, Berlin was awarded seventh place in the latest ranking, climbing two places since the last report. The USD 88 million collected by Hellofresh in its G funding round was almost matched by the Billpay exit, which generated USD 75 million. As the study’s authors confirmed, Berlin’s ranking was also boosted by the USD 3 billion valuation of Delivery Hero. The Berlin-based operator of an international network of online fulfillment platforms has, according to his own figures, now signed up 200,000 partner restaurants and receives 13 million orders per month. And let’s not forget the impact that the 2014 IPOs of Berlin’s biggest players, Zalando and Rocket Internet, has had. Then there’s the pioneering FinTech company N26, which has just been granted a full banking license and is aiming to disrupt the traditional banking industry. The authors of the start-up study are convinced that that’s exactly what N26 will do, predicting that the company will be “the next big thing to come out of Berlin.”

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