Munster located in north rhinewestphalia germany has a thriving startup scene that is fueled by a rich history of entrepreneurship and technological innovation the city is home to a population of over 300000 people and boasts a diverse geography that includes rolling hills forests and lakes the area has a long history of entrepreneurs dating back to the 19th century when the city was a hub for textile manufacturing today munster is known for its innovative startups in the fields of biotechnology renewable energy and information technology some of the most successful companies founded in munster include evonik industries a global leader in specialty chemicals and westfaliaautomotive a leading manufacturer of towbars and bike carriers the city is also home to a number of startups that are making waves in their respective industries such as biontech a biotechnology company that is developing personalized cancer treatments munster is home to several universities including the university of munster which is known for its strong research programs in the fields of medicine law and economics the city also has a high living wage with an average monthly net income of 2800 despite its thriving startup scene munster has struggled with high unemployment rates in recent years the citys unemployment rate currently stands at 65 which is higher than the national average however the citys gdp has been steadily increasing with a current rate of 225 billion the rate of new companies starting and ending in munster is relatively stable with a number of successful startups emerging each year overall the citys startup scene is thriving thanks to its strong history of entrepreneurship innovative companies and supportive ecosystem