Although unexpected, TechCrunch’s decision to leave London and return in December to Berlin, where it actually held its first European technology startup event 4-years ago, is no surprise.
Based on research conducted at many “Startup Hubs” around the world, including Beijing, Bogota, Helsinki, Medellin, Munich, Paris, Pereira, Shanghai, Shenzhen, Singapore and in a few weeks in Canada (Montreal, Quebec, Toronto and Vancouver), Atherton Research views Berlin as Germany’s main hub for fast growing innovative technology companies and certainly one of Europe’s most startup-friendly cities with cheap rents, multi-cultural talents, entrepreneurs with an open and global mindset and support from the local government.
“I like to come here and stay in Berlin for its creative spirit and intellectual freedom,” said Alexander Mankowsky, a futurist at Mercedes-Benz parent Daimler, attending The Hub, an annual technology conference produced in Berlin by Bitkom, the largest technology trade association in Europe. “It’s also a great way for me to escape from the more financial and technical aspects of my work, and think about what’s next.”
The news comes on the heels of several initiatives from the German government aimed at helping start-ups, including the Tech Growth Fund, designed to give start-ups better access to growth capital, as well as an extension to the Invest 2.0 fund which gives investors financing – up to 100,000 euros (~$105K) – and a tax rebate on capital gains.
Continental Europe is now home to all the major Tech Startup Events
TechCrunch Disrupt was the last major tech conference not being held in continental Europe, which also hosts the Web Summit (Portugal) – Europe’s largest tech event – and Slush (Finland).
Although we believe that UK’s exit from the European Union had little influence on the tech blog’s decision, or it’s parent company AOL (itself owned by Verizon), it does give an indication to where U.S. tech entrepreneurs and startups should focus their efforts if and when they decide to set a foot in Europe.
Earlier this month, Facebook unveiled it’s first ever startup incubator at Station F, in the center of Paris, France. Founded by French billionaire Xavier Niel, this former railway depot will be home to the world’s biggest startup incubator when it opens its doors to 1,000 startups in April.
And with the recent introduction of the “French Tech Visa,” an uncapped immigration visa for tech workers moving to France, the U.K. is now poised to lose this year its cherished status as Europe’s technology hub.
This article was written by Jean Baptiste Su from Forbes and was legally licensed through the NewsCred publisher network.