Entrepreneurial boom! Recent studies show an increase in foreign entrepreneurs in Germany.

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A recent study shows that 44% of new business in Germany last year were founded by foreign people.  This report was published by Redaktions Netzwerk Deutschland (RND) and it showed how there was a decrease of 3% of German entrepreneurs and since 2005, there was an increase of 30% of non-German entrepreneurs till 2015.  The portion of immigrant entrepreneurs rose from 13% in 2004 to a staggering 44% in 2015.

At one of the conferences, the Economic Affairs Ministry said that, “Through this transformation, about one in five to one in six engaged entrepreneurs have foreign ancestry.”  “This development is a testament to the significant modernization and range of services offered by immigrant establishments.”

The report also shows how entrepreneurs with immigrant backgrounds do not only opt for the restaurant or retail business, but they are also active in the technology, science and construction business.

A separate study by the Bertelsmann Stiftung, said that foreign entrepreneurs had created 1.3million jobs in 2014.  Economy Minister Sigmar Gabriel told RND said that he was very happy with the results and that in Germany we need more entrepreneurs.  He stated that, “They bring new innovations, create jobs and are important for the competitiveness of our economy.”  “I am happy that entrepreneurs with immigrant roots are staying on the ball and are taking on an ever more important role in our business landscape.”

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