The world is currently standing atop a quagmire of uncertainties brought forth by the COVID-19 pandemic. But despite that, the German tech industry is likely to thrive longer-term due to the accelerated innovation and change of mindset brought about by the unprecedented conditions we are experiencing right now. Digital advancement and a robust tech agenda are no longer fancy industry buzzwords. They are the crucial deciding factors filtering through organisations with weak and manual operating models, leaving behind the stronger ones.
Apart from these factors, the emergence of many startups and younger firms in the German technology sector is another driving factor of the digital revolution. Their products and services are laying the foundation across industries as facilitators of new digital business models. The emergence of startups is also driving many new merger and acquisition (M&A) across the German technology sector. A multitude of large companies are now looking to either aggregate or merge with these smaller companies and strengthen one another. And it is needless to say that those with robust business models (and good equity backing) are likely to thrive.
In addition to the private investments, the German government is also offering stimulus package worth billions for small and medium-sized companies—particularly to those offering digitalisation—to boost the startup culture even more. This is likely to give a push to innovative technologies that support healthcare, reduce contact, augment the workforce, and create better and connected consumer experiences. Simultaneously, it will also funnel higher investment into tech, especially those with unique solutions in the artificial intelligence space—as the push for automation capabilities that can drive operational efficiencies at scale (think call centres) and cost take-out opportunities will be large.
To help the businesses strengthen their operational capabilities and simultaneously enable growth in the industry, StartupCity has compiled a list of the top 10 German startup companies. The list comprises prominent organisations in the industry that address issues by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you StartupCity’s, “Top 10 Startups in Germany – 2021.”