When the British decided to leave the European Union, the attractiveness of the startup market in London began to lose value. Of course, this is still a place where you can find many innovative companies, but my recent experience confirms that Berlin is considered to be a European leader now. I want to emphasise that this is not an isolated opinion. Having been observing the startup market for over 10 years, I’ve managed to keep in touch with entrepreneurs of various directions and I’ve received clear signals that Berlin is currently the best place in Europe for the development of tech startups.
Comfortable development conditions
There are three main reasons, why Berlin strikes as a very attractive market. It is about the relatively low costs associated with running a business in this city, access to qualified specialists and contacts with other European Union countries. It all adds up to a very attractive ecosystem that favours the development of tech startups.
Being completely honest, I must say that I am impressed by the work standards that prevail among startups in Berlin. Recently, I’ve been quite often in this city, when together with the developers of Codest, we were working on creating software for few of our clients. I was delighted with the quality of work, efficiency in communication and their professionalism.
Returning to the ecosystem for the development of startups in Berlin, I would like to draw your attention to another important fact. I mean the low barrier to start a business. You might be surprised, but takes less than 7 days to launch a startup. In addition, there are many incentives available for entrepreneurs who can benefit, for example, from the support of numerous incubators or accelerators. A big plus is even low prices for an office space rent. It all adds to the progress of this market.
New Europe’s Silicon Valley
Considering what has been mentioned above, I am convinced that Berlin is currently the most attractive market for tech startups. This is a new Europe's Silicon Valley. Of course, it is difficult to compete with the American one, but Berlin is a great example of how you can develop the tech company in Europe. The best confirmation of this is the fact that currently there are over 2,500 startups in the German capital. Quite an impressive result.