BERLIN IS THE MOST POPULAR START-UP HUB IN EUROPE

Berlin has once again been nominated as the best location for start-ups and new businesses in Europe. These are the findings of the 2022 Startup Heat Map. For the second time in a row, the German capital was recognised as the favourite and most popular location for new businesses in Europe. “More than every third start-up in Europe can imagine launching their company in the German capital,” say the authors of the study.

The list, which is based on a survey of more than 24,000 start-ups, places Berlin ahead of London and Barcelona. The beneficial ecosystem, price/performance ratio and access to financing were largely positively rated. Other German cities include Munich, ranked eighth, as well as Hamburg, Frankfurt, Stuttgart and Cologne in 33, 39, 45 and 50.

Over the past year, venture capital investments worldwide reached record levels.  In 2021, a total of 671 billion dollars was invested in start-ups, which at 93.5% is almost twice as much as the previous year (publication: KPMG, 19/01/2022). Germany has been named the most important target market for venture capitalists after the USA.