There’s no question which city is Germany’s start-up capital. According to a report by consultancy Ernst & Young, the so-called start-up barometer, 2.1 billion of the 2.8 billion euros invested in fledgling German firms in the first half of 2019 went to Berlin.
Location / Eastern Germany
The Berlin-based start-up Visseiro has come up with a simple, award-winning solution for monitoring key vital signs in real time: an ergonomically designed “smart pad” that can be used while seated through normal clothing, or even in a bed beneath a newborn baby.
The Leipzig-based FinTech company Q-lipay is helping immigrants in Europe and the U.S. pay bills and buy products and services for their loved ones worldwide – and it’s all done safely, cheaply, and in real time.
Clue, the business Ida Tin co-founded with her partner Hans Raffauf, is the embodiment of Femtech: a global app to help women track and understand their menstrual cycles and share the data with their partners and families.
Siemens plans on investing up to EUR 600 million in its historic Siemensstadt (Siemens City) campus in Berlin. It is the largest single investment in the company’s history and reflects Germany’s strength as an innovation hub.
Wittenberg will shortly become home to Europe’s first-ever gigafactory, a lithium battery installation facility with an annual production capacity of more than a gigawatt hour.
Leading international lithium-ion battery maker Farasis is opening up a major production facility for electric automobile batteries near Bitterfeld in the eastern German state of Saxony-Anhalt.
On a visit to the Japanese capital in May, Berlin’s mayor announced that Japanese company Nippon Telegraph and Telephone (NTT) would be investing more than a hundred million of euros in his city in the years to come.
Berlin got a royal visit in May as Crown Prince Haakon of Norway launched a German version of the Norwegian networking platform The Explorer. The launch took place as part of the GreenTech Festival in the German capital, where three Norwegian firms were nominated for Green Awards.
Germany’s population of fairy-tale start-ups grew by one in May, when the travel platform Getyourguide cleaned up $484 million in capital funding.