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Stuttgart (dpa / lsw) - Company founders in Baden-Wuerttemberg collected significantly less money from investors in the Corona year 2020 than in 2019. The south-west was also far behind the German start-up strongholds Berlin and Bavaria.
And, as in the previous year, more money went to North Rhine-Westphalia, as shown in a study by the consulting company EY that was published on Wednesday.
According to the figures, investors put around 155 million euros in start-ups in Baden-Württemberg.
That was a good quarter less than in 2019 and also a share of around three percent of the total volume of start-up investments in Germany.
Start-ups are dependent on money from investors because they are usually not yet making a profit.
Funds and large companies invest capital in promising companies in the hope that their business ideas will prevail and bring them ample profits.
Start-ups are seen as important drivers of innovation for the economy.
The Corona crisis has dampened the long-term boom in the scene and made it difficult for young companies to do business.
In order to avert damage, the federal government supports start-ups with billions.
There are also special programs in Baden-Württemberg.
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Across Germany, start-ups received 5.3 billion euros from investors last year, 15 percent less than in the record year 2019, the study shows.
Big deals over 100 million euros were rare.
The 5.3 billion was the second highest value in recent years, and more start-ups came to investor money: The number of financing rounds rose nationwide by six percent to 743 - a record high.
In Baden-Württemberg, however, it fell by 17 percent to 34.
Press EY