Trending Dresden, Saxony, Germany Startups

Dresden located in the eastern german state of saxony has a rich history of entrepreneurship dating back to the 19th century the citys location on the elbe river and its proximity to other major european cities make it an ideal location for business with a population of over 500000 dresden is home to several universities including the technical university of dresden which has a strong focus on engineering and technology in recent years the city has seen a surge in technological innovation with startups in fields such as biotech ai and renewable energy companies such as heliatek a leader in organic solar technology and oncgnostics a biotech company specializing in cancer diagnostics have been founded in dresden and have gained international recognition dresden has also attracted several major companies to set up headquarters in the area including volkswagen infineon and globalfoundries the city has a living wage of 1500 per month and an unemployment rate of 65 despite its strong history of entrepreneurship and recent technological innovations dresdens startup scene has struggled to gain traction compared to other german cities such as berlin and munich the citys gdp is lower than the national average and the rate of new companies starting and ending is relatively low however with its strong focus on technology and innovation as well as its location and access to talent from local universities dresden has the potential to become a major player in the european startup scene with continued investment and support from the local government and business community dresdens startup scene could thrive in the coming years