Bureaucracy is the great enemy of both creativity and efficiency, but Berlin start-up Levity aims to lighten the load. The fledgling company uses artificial intelligence to take over the most mind-numbing office tasks.
Due to uncertainty amidst the coronavirus pandemic in 2020, the size of financing deals for start-ups in Germany decreased somewhat. But venture capital investments have come roaring back, with a number of young companies announcing impressive hauls, particularly from foreign investors. Here’s a round-up of seven of the bigger ones.
Germany’s Ministry of Education and Research (BMBF) is making a massive investment to help 6G communications technology replace the current standard 5G. The ministry is allocating EUR 700 million from the government’s “Future Fund” and elsewhere to underwrite 6G research in the coming four years.
One of the great advantages of hydrogen is its capacity to store excess energy for later use, but the gas itself also has to be stored. To this end, German energy company EWE is constructing an underground storage facility in the municipality of Rüdersdorf east of Berlin.
Germany’s market for unmanned aerial vehicles is expanding exponentially as more and more applications for drones are developed. The sector is projected to be worth €3 billion in the near future. Plus it’s a heck of a lot of fun.
With a host new production facilities underway in the country, Germany is poised to become Europe’s electric vehicle (EV) battery capital.
Sales revenue in the gaming industry rocketed up 32 percent last year. German industry organization game registered more than EUR 8.5 billion in sales in 2020 compared with just under EUR 6.5 billion in 2019.
The German Ministry of Transport and Digital Infrastructure BMVI has launched a new program “Charging Infrastructure on Location” that will introduce add EUR 300 million to the funds to create more electric vehicle charging stations.
Unmanned aviation is taking off in a big way in Germany, with turnover in the sector expected to grow by billions over the next decade. International players have begun to take notice, particularly of an air mobility hub that is developing in the south.
The Kopernikus Projekte P2X, an initiative of the German Ministry of Research and Education, says that for the first time ever glass has been made using green hydrogen as a heat source. That was after an eight-week test run at a factory operated by German glassmaker SCHOTT.