How poor but sexy Berlin has tapped talent to be Europe’s startup capital | Technology | The Guardian

Berlin is poor, but sexy – Mayor Klaus Wowereit‘s decade-old slogan still describes Germany’s capital very well. Unemployment is high compared with other German cities and businessmen in proper suits and ties are a rare sight. But something in Berlin’s attitude towards business is changing. Startups are sprouting all over the capital.

Some people are already speaking of Berlin as the Silicon Valley of Europe.

Most of the firms are just in their infancy. Others, such as the music platform SoundCloud or the social game developer Wooga are well-known even in California or London. “Berlin is punk meeting tech,” says Swedish-born Eric Wahlforss, one of the founders of SoundCloud. According to Wahlforss, Berlin is creative, cheap and full of talented people. And the talents are starting to cluster.

SoundCloud is already in the buzzing and expanding tech hub called Factory, based in the fashionable district of Prenzlauer Berg. Others include 6Wunderkinder, wish-list website Toast and Firefox developer Mozilla, and there is space for more. Google wants a hand in the growing startup market and plans to subsidise entrepreneurs with about €1m (£808,000) in the next three years and is offering seminars and mentors.

“It is all about creating a network,” says Factory co-founder Simon Schaefer. He wants to offer a campus, to be ready next summer, based on the one that Google and Facebook have in the real Silicon Valley. Another model is Silicon Roundabout, on the outskirts of the City in London,  home to last.fm, TweetDeck and Livemusic.

via How poor but sexy Berlin has tapped talent to be Europe’s startup capital | Technology | The Guardian.

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Posted on December 8, 2012, in Article and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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