German music technology is used by major international artists and respected around the world. Even so, many music tech start-ups with clever and cutting-edge products are suffering from a general lack of investment.
Industries / Consumer Industries & Corporate Services
One German sector that’s been quick to recover from the effects of the coronavirus lockdown is cycling. While turnover in two-wheelers dipped as bike shops were prohibited from opening, businesses bounced back quickly when the lockdown was eased.
One problem faced by today’s banks is false alarms about money laundering. German start-up Hawk AI offers help in the form of artificial-intelligence software that can spot illegal practices with greater accuracy.
Interview with GTAI-expert Dr. Josefine Dutschmann published in the “Outsourcing Journal – Online Edition” about Germany becoming increasingly attractive for global delivery center providers.
Forest Gum contains no sugar, artificial aromas, synthetic additives or plastic.
Munich fintech start-up IDnow has raised 40 million USD from New York investor Corsair capital. The company says it plans to use the windfall to open further offices in France and Britain.
Germany’s 2020 budget includes 50 million euros for promoting gaming, and industry representatives are full of praise for the state support.
Germany has Europe’s largest and most competitive travel sector with a high outbound share. Travel technology start-ups are setting up camp around the country, while Berlin boasts its first travel tech unicorn.
Germany’s Agricultural and Food Minister Julia Klöckner has set a goal of reducing food waste by half by the year 2030.
Foreign banks in Germany have the highest growth rates in terms of commercial credit lines. That’s the conclusion of a study carried out by Fox Corporate Finance (FCF).