With a trust score of 95%, the German city positioned itself firmly in the top ten. It managed to rise from 9th rank in 2017 to 7th rank in 2018 and 2019.
The trend of funding has been rising too, a steep line to reach the current 1.30 billion euro. With this high value, Munich is positioned among the largest European startup ecosystems.
Founders value the city for its strong industry connections, above-average access to funding, and the availability of tech talent. Munich’s strongest verticals are High Tech & IoT, VR, SaaS & Enterprise Software, Health & BioTech, Big Data, and eCommerce.
Prominent local startup accelerators include TechFounders, Plug and Play – InsurTech, and Media Lab Bayern. Munich is home to startup success stories like Celonis, Lilium, and Flixbus.