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20% of German Students Aspire to Entrepreneurship, but Only 3,000 Startups Launch Annually

A Startup-Verband survey shows only 17 percent of students ever received entrepreneurship courses; 84 percent say they wished schools had taught more about launching businesses.

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Overview

  • Twenty percent of German students say they intend to launch their own business after graduation.
  • Despite this interest, annual startup formation in Germany remains around 3,000 ventures.
  • Startup-Verband analysis suggests that if every interested student founded a company, annual new firms could increase to about 21,000.
  • Only 15 percent of students identify professors as entrepreneurial role models compared with 64 percent who look to public figures and 48 percent to personal contacts.
  • Prospective founders are driven by a desire to learn something new (92 percent) and achieve meaningful work (85 percent) and over half anticipate working more than 50 hours per week.