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.