"Crises mean startups. The latest figures are a strong signal for Germany as a business centre," said Helmut Schönenberger, Vice Chair of the Startup Association. "The software sector in particular is booming, with 618 new start-ups in the year under review. Thus, more than one in five new start-ups was founded in this sector". The increase in the number of startups is across the board and in almost every sector, the association said. Food (164) and ecommerce (162) have stabilised after a decline in 2023. Education (119) and games (129), which had two tough years after the pandemic in 2021, rebounded in 2024.
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11 per cent increase in startups over 2023, says Startup Association - second highest number of startups founded in Hamburg
Startups in Germany are defying the economic downturn after a record number of companies were founded in 2024 after peaking in 2021, according to the "Next Generation - Startups in Germany" report published by the German Startups Association and Startupdetector. A total of 161 startups or 8.4 companies per 100,000 inhabitants were founded in Hamburg, second only to Berlin with more than 13.2 compared to 3.3 startups across Germany.
Software sector full of startups
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Startup City Hamburg
Startup City Hamburg lists more than 1,400 startups which receive all kinds of support. The website provides an overview of funding schemes, networking opportunities and key dates in Hamburg.
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