The special edition of the Hessen Startup Monitor was published today by the Federal Association of German Startups eV and the StartHub Hessen.
The survey by the federal association from May 2020 was used as the basis and the results show us that the ecosystem in Hessen is on the right track.
Not only the transfer of knowledge and research to universities is important for the Hessian ecosystem, but also the cooperation with established companies offers great opportunities for both sides — for start-ups looking for experience, capital and resources as well as for companies looking for innovations and modern business models .
There is a need to optimize capital access for Hessian start-ups, since in terms of access to venture capital, Hessen is slightly below the national average, but in terms of the number of financing rounds in relation to the number of inhabitants, it can position itself in fifth place in a comparison of the federal states.
The active business angel scene is also relevant here, since those stakeholders were involved as investors in over 73% of all financing rounds in Hessen.
Overall, there is a positive trend in the financing landscape: almost 54% of all start-ups raised external capital in the Corona year 2020 — an increase of 10% compared to the previous year.
If you want to read the complete report in German — find it here.