German Startups Drive Deep Tech Growth
Germany’s startup ecosystem is showing resilience and recovery amid the COVID-19 pandemic, supported by a network of 12 regional Digital Hubs, strong university research links, and targeted government aid during lockdown. In 2019 Germany’s top 100 startups raised $11.1 billion, the country ranks third globally in deep tech startups, and measures include a €2 billion state aid package plus loan guarantees and individual rounds like Wandelbots’ $30 million Series B.
Key Points
- 1Creates 12 regional Digital Hubs diversifying startup activity beyond Berlin and Munich
- 2Connects startups with corporate venture arms and research institutes, enabling funding and industrial partnerships
- 3Prioritize partnerships with corporates and universities and target larger funding for deep-tech scale-up
Scoring Rationale
Strong national impact and actionable insights for deep-tech startups and corporates, limited novelty and no exclusive data.
Sources
Public references used for this report.
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