Germany’s media capital gets a startup accelerator

I’m probably biased, but for me Hamburg is Germany’s undisputed media capital and recent events only confirm that: Twitter Germany recently located its main office from Berlin to Hamburg,  and now DPA (Deutsche Presse Agentur) has chosen Hamburg as the location for its new media startups accelerator.

As reported by Vocer, DPA chose Hamburg because they see more potential for angel investors (Hamburg is one of Germany’s most wealthy cities), and the network of actors within the media scene.

Twitter too cited Hamburg’s strong media scene, proximity to large customers, the presence of advertising agencies and the startup scene as justification for its move to Hamburg.

A bit of historical background: Germany’s largest and most well-known media organisations were founded in Hamburg. These include Axel Springer, Gruner + Jahr, Der Spiegel and Die Zeit. Over 70,000 people are employed in the media industries, with a total of 14,063 companies.

The startup accelerator builds nicely on Hamburg’s rising startup scene. For more information about that, see my interview with Sina and Sanja from Hamburg Startups.