The state of hessen located in central germany has a rich history of entrepreneurship dating back to the 19th century the region is home to over 6 million people with frankfurt being the largest city and financial hub the area has a strong focus on technological innovation with companies such as sap deutsche bank and merck all having headquarters in the region hessen has a number of renowned universities including goethe university frankfurt and the technical university of darmstadt which have produced many successful entrepreneurs the living wage in hessen is 950 per hour with an unemployment rate of 51 the city level gdp is 240 billion making it one of the wealthiest regions in germany the startup scene in hessen is thriving with a high rate of new companies starting and a low rate of companies ending the region has a supportive ecosystem for startups with a number of accelerators incubators and coworking spaces the government also provides funding and support for startups through programs such as the hessen state ministry of economics energy transport and regional development however the startup scene in hessen is not without its challenges the region faces stiff competition from other startup hubs in germany such as berlin and munich additionally the cost of living in hessen is relatively high which can make it difficult for startups to attract and retain talent overall the startup scene in hessen is thriving due to its strong focus on innovation supportive ecosystem and government support while there are challenges to overcome the region has a bright future as a hub for entrepreneurship in germany
PrizesHuge thanks toHubSpot for sponsoring this Award!