News from 2021-09-28 / KfW Research

KfW Start-up Report 2021

Coronavirus crisis weighs on start-up numbers – minor impact on start-ups that are open to VC

The coronavirus crisis has reduced the number of innovation- or growth-driven young enterprises in Germany. In 2020 the number of such start-ups dropped to 47,000. In comparison with the overall decline in start-ups, the number of start-ups open to venture capital remained relatively steady at 8,600. Women are clearly underrepresented in the start-up ecosystem. Female entrepreneurs make up 20% of start-ups on average throughout the years, which is only about half their share in overall business starting activity. This is due to persistent social gender stereotypes and established structures.

KfW Start-up Report 2021

Press release

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Economic development in Germany and around the world, studies on topics relevant to society such as environmental and climate protection, demography, globalisation, innovation and sustainability, impact of KfW promotional programmes.

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