German startups could use more venture capital, but Germany’s government has a plan

Image Credits: Nigel Sussman (opens in a new window)

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I was interested in reading about Germany's plan for its startup. The country may have started to envy La French Tech. Is it hoping to follow in the footsteps of the U.K. It also has a national goal to make sure that profits from local successes stay in the area. Let's see what we can find.

Second, third, or eighteenth?

European startup funding fell slightly in the second quarter compared to the first three months of the year, but has been weathering the downturn quite well.

German startups attracted less capital in the first half of the year than they did in the same period last year, according to a new report. Venture capital declined even more steeply, from 4.44 billion to 2.89 billion, which is roughly the same amount in U.S. dollars.