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Two Digital Hubs awarded to Berlin

As part of the German Digital Hub Initiative, the Federal Ministry for Economic Affairs and Energy chose the consortium comprising the Berlin Center for Digital Transformation, Factory, NBT and FinLeap to establish a Digital Hub in Berlin, specialized on IoT (Internet of Things) and on FinTech (financial technology). There will be two representative sites – one for each topic.

Mayor of Berlin and Senator for Economy, Energy and Enterprises Ramona Pop: "With these two representative sites of the Digital Hub, one for IoT and one for FinTech, we strengthen Berlin’s role as the digitalization capital of Germany. The hub concept brings us one step closer to our goal of combining new digital business and digital transformation of already extant companies. This way we can connect the established economy with startups and young founders in every branch Berlin has to offer."

Stefan Franzke, spokesperson of the management of Berlin Partner für Wirtschaft und Technologie GmbH: "With nearly 180 young companies, the largest FinTech-community in Germany is based in Berlin. Innovative IoT solutions from Berlin already enable key industries to successfully enter the age of digitization today. The Digital Hub IoT and FinTech will allow to further pool these potentials and profit from synergies between founders, enterprises and researchers in an effective manner. This is why I am excited, that with Factory, NBT, the Berlin Center for Digital Transformation and FinLeap we found outstanding experts to shape the Digital Hub in Berlin."

Niclas Rohrwacher, co-founder and CRO of Factory Berlin: "We are pleased to have joined forces with the Federal Government and the State of Berlin in our undertaking to further the German economy. As a new central contact point for the topics Internet of Things and FinTech in Germany, we want to support the establishment of a European Silicon Valley and invite both, companies as well as young startups, to design the digital capital Berlin with us."

The two representative sites of digital innovation and transformation were selected following a call for applications and a selection procedure. One of the selection criteria was to find locations with international appeal for networking startups, research institutions and large companies.

Berlin, the founding capital of Germany, is developing particularly successfully in the Internet of Things and FinTech sectors. Together with Berlin Partner für Wirtschaft und Technologie, the State of Berlin supports the partners in the establishment and activities of the Digital Hub.