The new Berlin industry mixes up the Dax

by time news

BerlinRamona Pop had to wait a long time for that. When it came to creating new jobs in Berlin’s industry, the local Senator for Economic Affairs insisted on referring to the start-up scene and was often ridiculed for it. What should come from companies that program ring tones, sell flip-flops or deliver food? From guys who sit in cafes with laptops, don’t wear a suit or business suit, and who seriously believed that someone would ever order a dress on the Internet.

Now it is precisely those companies that are helping Berlin to regain its economic power. If the city had once lost large companies such as Siemens, Knorr-Bremse or Lufthansa, and Schering was then also bought away by Bayer as the only Berlin DAX company to Leverkusen, Berlin is now back and lets its research digital companies do the same mix up the top German stock market league.

In fact, the fearless to megalomaniac start-up scene that has emerged in shared apartments and backyards has become an industry that has contributed significantly to the fact that the Berlin economy has grown faster in recent years than that of the entire Federal Republic and that more jobs have been created here than anywhere else Otherwise. Since 2008 alone, 70,000 jobs have been created by the capital city’s digital economy, which has long been considered the new Berlin industry and now actually contributes more to the city’s economic performance than the analog processing industry.

And there is still something going on. In the first half of the year, investors had pumped more venture capital into Berlin start-ups than into all young companies in the other federal states combined – 4.1 billion euros. Five Berlin companies in the Dax are certainly not the last word.

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