According to a newly released survey, start-up entrepreneurs in northern German city of Hamburg are having difficulties finding both qualified personnel and affordable office space. "One in three describes the access to qualified staff in Hamburg as poor," Thorsten Dzulko from the consulting firm PWC said in Hamburg on Wednesday. Meanwhile, the start-ups are also affected by the high rents in the city.
A total of 141 Hamburg companies participated in the regional evaluation of the 7th German Start-up Monitor (DSM). Their average annual turnover is 1.3 million euros.
According to the survey, the majority of founders (54 percent) rate Hamburg as a good location - but their satisfaction is below the national average (58 percent). The proximity to universities and the good network with other founders, with whom almost two thirds cooperate, were emphasized as advantages that the city offers. More than three quarters work together with established companies.
Around 7.4 percent of all start-ups nationwide are based in Hamburg. According to the monitor, North Rhine-Westphalia is the leader in Germany with a share of around 20 percent - followed by Berlin with around 16 percent. In Hamburg, start-ups are primarily active in information and communication technology as well as in mobility and logistics. The main point of contact for start-ups is the city’s economic development agency Hamburg Invest.
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