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German Startup Registrations Rise to 585,000 as Founders Become Youngest on Record

KfW attributes the surge in startups to a cooling labor market that has driven more part-time ventures.

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Overview

  • Germany recorded 585,000 new business registrations in 2024, marking a 3% increase from the previous year.
  • The average age of founders fell to 34.4 years, the lowest level on record.
  • Part-time ventures accounted for a notable share of new registrations as more people sought self-employment in a cooling job market.
  • New startups generated about 485,000 full-time jobs in 2024, highlighting their impact on employment.
  • KfW expects slightly higher startup numbers in 2025 and the new government plans to promote entrepreneurial skills in schools.