Teller Report

KfW start-up monitor: Younger women start up more often

5/30/2022, 3:42:17 PM

After the Corona dent, more people dared to take the step into self-employment again last year. However, it is uncertain whether the increase will continue in view of the Ukraine war and the supply bottlenecks.


In Germany, more women and younger people are again taking the plunge into self-employment.

This is the result of the latest start-up monitor from the state development bank KfW, which is based on a representative survey of around 50,000 people.

After the start-ups in the Corona year 2020 had declined, the number rose by 13 percent last year to around 607,000 - and thus returned to its pre-crisis level.

The number of female founders increased at an above-average rate.

25 percent more women founded a company than in 2020, the The pandemic, the

The increase in business start-ups is "encouraging", said KfW chief economist Fritzi Köhler-Geib.

"However, we are at very low levels due to the multi-year downtrend," she said.

For comparison: At the beginning of the 2000s, around 1.5 million people were still self-employed every year.

This year, the uncertainty caused by the Ukraine war and the supply bottlenecks could mean that potential founders would be reluctant to give up a permanent job, said Köhler-Geib.

High energy prices and rising interest rates are also forcing founders to rethink their business ideas.

Nevertheless, it is to be expected that start-up activity this year will be at a similar level as in 2021, because new business opportunities are also emerging - especially in the field of renewable energies and energy efficiency.