The story behind Berlin's journey in the aftermath of the WWII, is one of startling success. A little history refresher is what we are indulging in here. Berlin has come a long way ahead from its shoddy Nazi past, that hung like an albatross around its neck in the immediate post-War years. With its streets overrun by the Allied Forces, the left over population was still in the grips of suspicion for their ideological mindset. With rapid unemployment and devalued currency, it was the receiver of Western aid through the Marshall Plan.
The baffling growth that this shattered German city has seen since then is evident in the fact that a nation that was the West's 'charity child', is now an active enterprising and investment hub. From a Receiver it has become a Giver.
When lawyer Peter Buckland visited Berlin for a conference, it was like any other visit probably. Although he had randomly heard about Berlin's centripetal force to attract the attention of the global investors in recent times, his personal experience is what re-established the facts clearly.
The basics laid down were such that Berlin was believed to be a safe investment hub for start ups due to its tech savvy culture and the potential to attract the younger generation that has resulted in an appreciable work culture.
However his revelations come from the interaction with the founders of the Make a Startup Angel Fund. It is a self initiated community of investors who are building a conducive platform demolishing the gaps between startups and capital funding issues.
Capital, as most of us realize, is the first key to unlock the larger sequence of entrepreneurial success. The very fact that tech giants like Google and Microsoft, who have offices in other European countries, are picking employee's from Berlin's talent pool is in itself a big boost. These companies come with the "brand" tags and can actually stimulate visible growth in a dwindling European economy. However, Germany's capital is no where in such dire straits.
Not getting into the meat of German politics here but a commendable factor is Angela Merkel's economic policies that allow start ups in Berlin to achieve a good conversion rate. In fact, as Peter suggests that during his tour, he engaged with such early-investors who also found Berlin as a great investment hub precisely due to the facility of seed and angel funding organisations.
Opportunities are galore, with the U.S companies playing their helping hand part in Berlin. But the major credit goes to their indigenous community of sel motivated entrepreneurs who are making Berlin look like the New York of five years past.The ecosystem for tech expansion already exists, but needs that extra-mile push to be the ultimate game changer in Europe.
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