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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.
