The business climate in Germany’s digital startups has improved markedly and returned to the 2019 level, reported consulting firm PWC and the German Start-up Association in Berlin.

These results are reflected in the number of employees, which currently stands at an average of 18 per company, four more than a year ago. According to the report, the firms also want to hire more staff than before.

The data collected indicates that the proportion of women is also growing, although at just under 18 % it continues to be very low. More than a fifth, it means 22 %, of the founders of these startups have foreign origins.

“The study shows that our startup ecosystem is on the right track in terms of growth and diversity,” said the association’s executive director, Franziska Teubert.

“In view of international competition, things have to move much faster in both areas,” she said.

The new digital companies consider that their main obstacles are, in addition to the search for talent, obtaining capital and access to data.

Source: dpa

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