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7/17/15

Computer Industry: Berlin start-up scene: Europe′s ′Silicon Valley′? - by Daniela Späth

Berlin is not just a popular tourist destination - it's also home to ever more start-ups.

Berlin has established a reputation as Germany's entrepreneurs' capital. It's seen the highest number of start-ups in the country, ahead of Hamburg, since 2011, according to data from the Bonn Institute for the Study of Small and Mid-size Firms (IfM).

Berlin is well-suited to becoming a leading start-up metropolis in Europe. It's already Europe's number two investment destination after London, according to consultants EY.

Niko Woischnik has been organizing "Tech Open Air," a start-up conference, for four years. He says more and more foreigners attend the conference, which attracts around 5,000 visitors. And he isn't surprised.

"The cost of living and the rents are relatively low, compared to other European cities," he told DW, adding that Berlin's central location and the fact that English is now the lingua franca also work in the German capital's favor.

Read more: Berlin start-up scene: Europe′s ′Silicon Valley′? | Business | DW.COM | 17.07.2015

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