Startup distribution in Germany 2021, 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, North Rhine-Westphalia had the highest number of startups on its territory, followed by Berlin and Bavaria. All the same, Berlin received the most funding for entrepreneurship. Recently, investment volume in German startups has increased drastically. While information and communication technology was booming as far as startups were concerned, fintech is another area enjoying success in Germany.

3 percent of 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 4.4 percent rate of female entrepreneurship, followed by Italy with only 0.9 percent.