Startup Scene

Berlin's Chance to Steal Thunder From Silicon Valley

Kreativ-Festival South by Southwest in Austin
SXSW welcomes tens of thousands of participants every year. Source: DPA

It’s no secret that Berlin’s startup business is booming. Germany’s capital has built up a reputation over the years as a city of silicon dreams – a place where techies can live cheaply while honing their digital products and making new contacts.

Despite this, the scene still has much room to grow. London reclaimed the title of Europe’s biggest startup hub last year, more than doubling Berlin in investment capital for young entrepreneurs. Germany in general has often struggled to attract venture capital to its budding new businesses.

But opportunities in tech are globally changing, said Stefan Franzke, of the Berlin Partners for Business and Technology agency, which supports startups in the German capital.

While protectionist policies from the White House stand to close the borders around Silicon Valley, it ultimately puts Berlin in a position to prosper. Over the next few days, more than 100 startup representatives from Berlin and its neighboring state Brandenburg will travel to South by Southwest (SXSW), a popular music and interactive media festival in Austin, Texas.

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