Innovative region: Germany

“The uniqueness of Germany’s innovation ecosystem comes, if at all, from cultural and historical consequences and the geographical realities,” said Crispin Leick, managing director of EnBW New Ventures (ENV), Frankfurt-listed energy utility EnBW’s corporate venture capital (CVC) arm.

“Germany is low on natural resources, the climate is ambient and allows for good working conditions and many of the largest German companies are direct descendants of a strong founder generation 100 to 150 years ago.

“Compared with other German-speaking European regions, there is only the size of the German market that leads to valuation differences, in my view. Comparability to Silicon Valley does not exist and all the managers travelling there in the past years can only take some ideas from it to transform it to the reality in Germany or Europe.”

Corporate VC investment volume in Germany peaked in 2019 at roughly $3.6bn across 86 deals, but dropped to $1.8bn…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.