the frankfurt region as an entrepreneurial ecosystem · 2019-02-08 · why entrepreneurial...
TRANSCRIPT
Chances and Challenges for Startups Between the Towers
The Frankfurt Region as an Entrepreneurial Ecosystem
Dr. Thomas Funke, Dr. Matthias Wallisch, RKW Kompetenzzentrum
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 2
Why Entrepreneurial Ecosystems?
In search of the magic formula
Startups give fresh momentum to the economy and society
Top-Down Strategies anchored in investments and incubators often have failed (“Myth & Reality”)
Need of a new approach: Creation of startup communities characterized by dense connections
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 3
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 4
Aim of the Study, Data and Methodology
The Frankfurt Region as a startup hub
Description of strengths & weaknesses Identification of missing links and recommendations
Quantitative and qualitative research
Development of a startup database, analysis of statistics Interviews with Startups, Venture Capitalists and Supporters
40 km
Area and population by city
What has Frankfurt to Offer?
Berlin Hamburg Munich Frankfurt
3.5 M
892 km²
1.8 M
755 km²
1.5 M
310 km²
0.7 M
248 km²
INKAR http://www.inkar.de
Population
Area
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 5
< 30 Min
> 60 Min
The Regional Perspective
Frankfurt as a Business Location
100 km
100 km
100 km
100 km
100 km
Hamburg Munich Frankfurt
5,0 M
3,3 M
2,8 M
3,3 M
Population
INKAR http://www.inkar.de
Berlin
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 6
100 km
100 km
100 km
100 km
Market capitalisation by Region: DAX, TecDAX and MDAX
Frankfurt as a Business Location
Hamburg Munich Frankfurt Berlin
http://www.finanzen.net
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 7
5 bn €
35 bn €
340 bn €
180 bn €
Market Capitalisation
(July 2015)
100 km
100 km
100 km
100 km
Startup-activities by sector (Gründungsintensitäten)
Startup Hubs in Germany
Hamburg Munich Frankfurt Berlin
Mannheimer Unternehmenspanel ZEW
Financial Services
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 8
High-Tech
Number of startups per 10.000 „employable residents“ (2010-2013)
1
2
3
4
5
Reminder: Geographical and economic aspects
Frankfurt as a business location
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 9
Short ways within the city
In the regional perspective Frankfurt catches up
Strong corporate power
Best international connections in Germany
Good startup-activity
But what is the perspective of Entrepreneurs on Frankfurt and its region?
Finance
Support
Markets
Talents
Infrastructure
Policy
Networks
Strengths and weaknesses: evaluation of startups
Frankfurt as an Entrepreneurial Ecoystem
strong weak
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 10
Web / Mobile
FinTech
Finance
Support
Markets
Talents
Infrastructure
Policy
Networks
Strengths and weaknesses: evaluation of startups
Frankfurt as an Entrepreneurial Ecoystem
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 11
Web / Mobile
FinTech
strong weak
Fragmented activities
Networks 1
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 12
„These mutual support you wish to find is not as strong as in the United States. The people there are much more open towards startups compared to Germany.“
Exchange of information is too slow – too little useful business insights
„Pay-it-forward-culture“ is not established yet
Fear to communicate critical information: lack of confidence among startups, supporters and investors
Strong local origin of startups and their networks
Networks 2
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 13
Data provided by SONEAN: http://www.sonean.com
Finance
Support
Markets
Talents
Infrastructure
Policy
Networks
Strengths and weaknesses: evaluation of startups
Frankfurt as an Entrepreneurial Ecoystem
strong weak
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 14
Web / Mobile
FinTech
Four appointments in one building
Markets
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 15
„When you want to establish a cooperative partnership, the personal contact cannot be replaced, you have to sit togehther at one table“ Strong business to business (b2b) environment in many sectors
High purchasing power boosts the business to consumer (b2c)
market
Frankfurt is outstanding in the financial service sector: startups hope to benefit from the reputation of Frankfurt as a financial centre
b2b market access for many startups is still a challenge: missing networks and contacts
Finance
Support
Markets
Talents
Infrastructure
Policy
Networks
Strengths and weaknesses: evaluation of startups
Frankfurt as an Entrepreneurial Ecoystem
strong weak
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 16
Web / Mobile
FinTech
Short ways but not the right space for startups
Infrastructure & Support
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 17
„From the city-centre (Frankfurt) to the aiport I need ten minutes. From Heathrow-Airport to Canary Wharf I need nearly 1.5 hours. Not to mention New York“
Five year contracts for commercial space not suitable for startups
Office rent is too high
Not enough co-working spaces
Consulting and support services with a strong technical background but often too expensive for startups – focus on big corporates
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 18
Frankfurt as an Entrepreneurial Ecosystem
Preliminary conclusions
Startup-community is characterised by a strong local embeddedness
Few interregional-linkages and a weak visibility for outsiders
Strong b2b environment – but missing networks to support market access
Support services with a strong technical background – but not (yet) for startups
Not enough capital to make mistakes
High average income poses a challenge for recruitment
22.07.2015 The Frankfurt Region as an Entrepreneurial Ecosystem 19
To be continued… Thank you!
Contact persons
Dr. Thomas Funke Dr. Matthias Wallisch [email protected] [email protected]
RKW Kompetenzzentrum Düsseldorfer Str. 40 A 65760 Eschborn