Trending Aachen, Germany Startups

Aachen a city located in the western part of germany is home to a thriving startup scene that has been gaining momentum over the past few years the city has a rich history of entrepreneurship dating back to the medieval times when it was a center for textile production and trade today aachens startup ecosystem is fueled by its strong university system which includes rwth aachen university one of germanys leading technical universities the citys population of approximately 250000 is relatively small but it is highly educated and diverse with a significant international student community aachen has a reputation as a hub for technological innovation with a focus on engineering information technology and life sciences companies founded in the area include german unicorn ego mobile ag which produces electric cars and energy storage company sonnen gmbh a key historical event that has helped shape aachens startup scene is the establishment of the digital hub aachen a governmentfunded initiative that supports startups and entrepreneurs in the digital and technology sectors the hub provides resources mentorship and networking opportunities for startups and has been instrumental in helping to attract venture capital and angel investors to the area the living wage in aachen is approximately 2000 per month and the unemployment rate is relatively low at around 6 the citys gdp is estimated to be around 12 billion with a significant portion of that coming from the technology and manufacturing sectors despite its small size aachens startup scene is vibrant and growing rapidly the city has a high rate of new companies starting and there are a number of coworking spaces and incubators that provide support for earlystage startups aachens central location within europe combined with its strong university system and focus on technological innovation make it an attractive destination for entrepreneurs and investors alike