On Course For Hamburg

Founders from around the world value Hamburg as a location for kick-starting their digital business ideas because the city’s startup ecosystem is considered to be one of the strongest in Europe. Global players such as Google, Facebook, Hootsuite, and Yelp have chosen Hamburg as the location for their corporate headquarters. A major center of trade in Northern Europe, Hamburg is an ideal place for tapping new markets based on innovative ideas. Moreover, Hamburg offers excellent opportunities for networking with established world market leaders and innovation champions. Some of the most successful startups such as myTaxi, Jimdo, and Xing were founded in Hamburg. And thanks to a growing number of coworking spaces, accelerator programmes and startup hubs, Hamburg’s attractiveness has increased even further over the past years.

Hamburg offers the perfect breeding ground for international startup businesses. After all, the vibrant metropolis at the waterfront is home to more than 10,000 millionaires and boasts a strong creative sector as well as innovative industry branches. Little wonder then that Germany’s number one trading hub also holds the highest gross domestic product per inhabitant in Europe’s strongest economy. 

“For many technology-driven startups, Hamburg is one of the best options when compared internationally”

 

To support startups even further, Hamburg Invest and Hamburg Marketing have now launched a new initiative for founders: the Future Hamburg Award.

“On the one hand, this award is aimed at creating networks between 2 / 3 innovative startup businesses and established companies. On the other hand, it provides founders with tailor-made coaching sessions regarding market entry and the further development of their business model,” says Veronika Reichboth, Director of Hamburg Invest’s Startup-Unit.

A new customized support programme for innovative entrepreneurs will provide three selected startup teams with immediate access to one of the most vibrant startup ecosystems in Europe.

The Future Hamburg Award is open for applications until 31 January 2019.

In recent years, Hamburg’s startup ecosystem has experienced a boom – with veritable sums being invested: according to the auditing company Ernst & Young, Hamburg’s startup scene was invigorated in 2018 with venture capital to the tune of EUR 548 million. With a share of around one third, international investments are playing an increasingly important role here.

“One of the reasons for the high investment volume is the fact that the Hanseatic city is a global leader in vertical industries such as logistics, media, life sciences and aviation,” Reichboth explains. At the same time, forward-looking fields such as fintech, e-commerce and Blockchain continue to grow even further. For example, Hamburg boasts more companies with B2B business models than any other city in Germany.

“Hamburg’s broad-based economy and the short distances of a city-state provide ideal conditions for startups,” says Reichboth. And the Future Hamburg Award can serve as an entry ticket in this regard – not only to Hamburg as a business location, but also to Germany and Europe as a whole. “With this low-threshold programme we would like to encourage the game changers of the future to become part of our startup ecosystem in Hamburg!”

Who can apply for the Future Hamburg Award?

The award is aimed at innovative startup businesses from around the globe. Applicants are expected to have been on the market for no more than ten years and have a digital, technology-oriented or knowledge-based focus. Ideally, companies should also be able to present a functional or demonstrable prototype, where possible. To enable a broad range of companies to participate, the application process at www.future.hamburg is swift and easy. Registration for this unique support programme takes just a few minutes.

What’s in it for the winning teams?

Three selected startup teams will receive exactly what they need to gain a foothold in the German market and to become internationally successful. What is special about the Future Hamburg Award is the fact that the “Start me up in Hamburg” package has a modular design that can be adapted to individual needs, while the detailed contents of the package will be agreed on in collaboration with the winning teams. Another highlight will be the award ceremony during the OMR Festival in May 2019, with more than 40,000 marketing and technology experts attending the Hamburg event.

As part of the event, founders will also have the opportunity to present their business in front of a specialist audience. In addition, the winners will receive a comprehensive media package, high-end business coaching, and professional pitch training. During their stay in Hamburg, the teams will also be able to benefit from up to six months of free access to a coworking space as well as exclusive networking events.

The Future Hamburg Award offers the winning teams the customized “Start me up in Hamburg” package:

  • Tailor-made premium business coachings
  • Five-digit media package
  • Personal consultation through the Startup Unit, Hamburg’s dedicated startup experts
  • Up to six months of free coworking at Betahaus and Beehive
  • Demo Day: pitch your business to entrepreneurs, investors, and decision-makers!
  • Exclusive networking events: meet local investors and experienced entrepreneurs
  • Welcome event for immediate networking
  • A stage slot at OMR Festival 2019, including overnight stay and transfer

Apply until 31 January 2019 for the Future Hamburg Award.