Brexit will turn Berlin into ‘Europe’s startup capital’ — Local de|Hightech Hub to shift from London to Berlin says experts

A sign in Berlin's tech giant and startup-building company Rocket Internet

A sign in Berlin’s tech giant and startup-building company Rocket Internet. Photo: DPA.

London is currently thought of as the main hub for startups in Europe, but that will all turn around when the UK leaves the EU, tech industry experts say.PA.

Thanks to its location in a finance centre and also fewer language barriers with Silicon Valley, London has long been dubbed the startup capital of Europe.

But not anymore, according to the some tech industry experts.

“The German startup capital of Berlin is the winner of Brexit, London is the loser,” said German Startups Association boss Florian Nöll on Friday.

At the same time though, Nöll said this isn’t the kind of victory one should celebrate.

“We haven’t seen ourselves as German or British entrepreneurs in a long time. We are European entrepreneurs. Our startups were founded for international markets.”

The German Association of the Internet Industry, eco, also say they expect that Brexit will bring a boost to Berlin as London loses its appeal as a pioneer for Europe.

Still, eco also sees Brexit as a setback for Europe in terms of global competition because plans to create a digital single market will now be on a smaller scale.

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