Number of start-ups in Germany stable at 70,000 in 2019 –
Impact of the corona crisis uncertain
Frankfurt am Main (ots) –
– More start-ups are planning with venture capital
– Proportion of female start-up founders at 19%
– Corona crisis brings tailwind for digital or internet-based ones
Business models
In Germany, the number of start-ups in 2019 was as in the previous year
70,000. The increase from the two previous years (2016: 54,000, 2017:
60,000, 2018: 70,000) has therefore not continued. Has increased significantly
on the other hand, the proportion of start-ups that will finance their future
Want to use venture capital for growth. So will meanwhile just
every fifth start-up (19%) and thus twice as many as in the previous year,
Include VC partners. This is shown in the new KfW Start-up Report 2020. Here
KfW Research examines young companies that were founded no more than 5 years ago
are innovation- or growth-oriented, offer brand new products or
Do research and development in order to achieve technological innovation
Bring it to market.
With an average team size of 1.8, there are 70,000 behind
Start-ups have around 127,000 active founders, with a good 24,000
Female founders the proportion of women is 19%. The significantly increased
There is also demand for venture capital on the part of start-ups
increased supply of capital. Such are the annual VC investments
institutional investors since 2014 by 2.8 times to around EUR 1.9 billion im
Year 2019 increased.
How the Corona crisis specifically affects the start-up scene in Germany
is currently not foreseeable. Many startups left in early summer
assume that they will not survive the year due to the slump in sales
would. Some financing that was believed to be safe also failed. Venture too
Capital investors expect a higher default rate in their portfolios. Current
the situation has eased somewhat. At the same time, the corona crisis brings tailwind
for digital or internet-based business models. Whether the number of such
Start-ups that the start-ups that are leaving due to the crisis can compensate,
remains to be seen.
KfW’s chief economist, Dr. Fritzi Köhler-Geib says about the results of the
Start-up reports: “The number of start-ups that has increased in recent years
reflects the maturation of the start-up ecosystem. That’s a very good one
Development for Germany as an innovation location. The corona crisis is a burden
this ecosystem is now substantial, because initially both more companies
fail and fewer start-ups will follow. The start-up assistance from
KfW and the federal government were therefore important to the start-up ecosystem
stabilize. But the crisis can also act as a catalyst, especially for
new digital business models. Founders can do this
Seize the opportunity, the good development of the German VC market will help you
certainly there. Germany is still lagging behind internationally
start-up financing, but we are on the right track. “
The KfW Start-up Report 2020 is available for download at http://ots.de/UB7ChM
Available.
Press contact:
KfW, Palmengartenstr. 5 – 9, 60325 Frankfurt
Communication (KOM), Wolfram Schweickhardt
Tel. +49 (0) 69 7431 4126, Fax: +49 (0) 69 7431 1778,
Email: mailto: wolfram.schweickhardt@kfw.de, Internet: http://www.kfw.de
Further material: http://presseportal.de/pm/41193/4729339
OTS: KfW
