Sina Gritzuhn präsentiert die Ergebnisse der Studie © Torben Jensen, Hamburg Startups

Changing atmosphere in Hamburg's founder scene

Hamburg Startups releases study of young companies in metropolitan region: "The atmosphere among founders has improved noticeably since 2014 and many initiatives and programmes have arisen."

Sina Gritzhuhn, co-founder of Hamburg Startups, presented the private initiative’s latest study on metropolitan start-ups during Social Media Week Hamburg in Betahaus. Some 214 out of 465 start-ups, presented in Startup Monitors overview of the scene, took part in the study. The main finding was that around 60 per cent of start-ups were founded in the past two years. Some 34 per cent have been in existence for less than a year.

Improved atmosphere among founders

Gritzhuhn said: “That has a lot to do with the surroundings,” adding, “The atmosphere among founders in Hamburg has improved noticeably since 2014 and many initiatives and stimulus programmes have arisen.” Gritzhuhn helped develop the monitor and played a significant role in conducting the survey. She spoke of “an atmosphere of change” in the start-up scene. A look at the remaining results showed that many young start-ups were “unfinished”, she noted.

Certain criteria drawn up by Hamburg Startups have to be met before a start-up is entered in the monitor. Firms cannot have been in existence for more than ten years, must have an innovative business idea, potential for growth and be based in the Hamburg metropolitan region.

FinTechs are biggest employer

The trade sector accounted for 25 per cent and thus the majority of participants in the survey, followed by media with 17 per cent and tech and service start-ups with 14 per cent each. FinTech-Startups have 30 employees on average and the most staff, the study found. Each start-up has nine employees on average, which is below the average across Germany. This has to do with the fact that many start-ups are comparatively young. Over 70 per cent of start-ups said they intend hiring new staff soon, according to the study.

In view of the quick pace of change in the start-up scene, Hamburg Startups will conduct more surveys in future to reflect the latest developments.

Sources and further information:
Study (PDF)

About Hamburg Startups

The Hamburg Startups team and founders Sina Gritzuhn and Sanja Stankovic are committed to effective networking and improving the visibility of the Hamburg start-up scene. Apart from events like the Startups@Reeperbahn Pitch and the Hamburg Startups Mixer, they have set up a joint platform called Hamburg Startup Monitor offering a clear view of all start-ups in the city. The team monitors the start-up scene regularly to promote the international perception of the city of Hamburg as a founder’s metropolis. The Hamburg Startup Monitor gives an overview of around 465 start-ups in the city.

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