Comparison of selected startup ecosystems in Germany and in the USA Explorative analysis of the startup environments
The startup ecosystems in Germany and in the US are different in several dimensions and they have a huge impact on the success of startups. In this study the factors that affects the startup ecosystems are compared. It is analyzed what startups consider as critical to their success and how this varies based on the location of the startups. Using the developed scoring mechanism, the study compares the relative scores of various success factors between the German and American startups to identify areas for improvement. The findings suggest that Germany is successful in implementing co working spaces and incubators but it lacks on accelerator programs. Further, it needs to develop a better support system for their startups while the German startups themselves need to focus on building a stronger internal team in order to boost the startup ecosystem.