Europe needs to ‘Frankenstein’ its start-up sector

Germany is an example of a country with entrepreneurial potential, but it lacks domestic funding

At the start of this century, a visiting investor from Mars might well have bet big on Germany emerging as one of the winners of the internet revolution. Crammed with world-leading engineers, industry-friendly bankers and hustling entrepreneurs, the country looked strongly placed to flip its mastery of hardware into software. But it has not turned out that way. As two recent reports make clear, at least one critical cog has been missing when it comes to turning smart start-up ideas into global digital businesses: growth capital.

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