Startup distribution in Germany 2023, by industry

Around 29.7 percent of German startups were in the information and communication technology industry. The source defines startups as being younger than ten years, highly innovative in terms of technology and/ or their business model aiming for significant growth in revenue and employee numbers.

The start-up scene

German states varied in their startup density. Based on recent data, Berlin had the highest number of startups on its territory, followed by North Rhine-Westphalia and Bavaria. The most money was invested in software and analytics, at over 3.2 billion euros. Recently, investment volume in German startups saw a drastic increase but 2022 saw a decrease compared to the previous year. While information and communication technology was booming as far as startups were concerned, fintech is another area that has seen success in Germany.

Female entrepeneurs

Unfortunately, Germany did not fare well when looking at male and female entrepreneur numbers. In fact, European countries generally disappointed. Germany had a 7.1 percent rate of female entrepreneurship, followed by Poland with 1.6 percent.