Munich sits atop this year’s list of German cities with the best future prospects in a regular review by the Hamburg Institute of World Economics the Berenberg Bank. This is the first time Germany’s third largest city is on top of the list of 30 of the largest German cities. Munich is followed by Berlin and Leipzig.
The ranking takes into account the development of productivity, location factors such as education, innovation, accessibility, internationality and the demographic development. The Bavarian capital scored with good location factors as well as with job and population growth. Go Munich!
But the above is not the only recent list where Munich is being recognised as a city with great future potential. The European Digital City Index of start-ups released on Wednesday by UK-based innovation charity Nesta sees Munich as the 10th best place for start-ups and scale-ups in Europe. The index rates cities by how well they create a supportive environment for digital companies, from local business regulations to available financing to the skill level of the workforce. According to data from the index there are currently about 95,000 start-up companies with a total of 369,000 employees in Munich. London tops this list with 275,000 start-ups which employ 1.5 million people.