Attracting Startups

May, 2018

The German state of Hessen has launched an initiative to attract more startups (and especially fintechs) to the region, ideally boosting the number from 300 to 1,000 by 2022. For example, it has entered into a partnership with the Silicon Valley-based innovation platform “Plug and Play” to improve networking among startups, companies and investors. The state development bank WIBank has set up a company through which state and European support funds can invest EUR 33.5 million in young companies. And the region’s universities are supposed to put a greater focus on entrepreneurship in their business curricula.

Hamburg’s “Startup Dock” is enhancing the city’s status as a hotbed for innovative, young companies. Launched in 2013, the center provides students, scientists and alumni of universities and research institutions in Hamburg a forum in which they can develop and bring their tech-oriented, knowledge-based business ideas to market. In addition to providing working space, the Startup Dock offers individual coaching, training programs at the “SD Academy,” and networking opportunities in its building in the former Harburg inland port. The organization receives funding from the “EXIST – University-based Business Start-Ups” support program of the Federal Ministry for Economic Affairs and Energy (BMWi).

Skyline Frankfurt am Main, Hessen © Pixabay