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University and Hanseatic City of Rostock - Moving History on the Baltic Sea

07/04/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Rostock is a city in northern Germany and has a long and interesting history. The foundation of the city dates back to 1218, when Prince Heinrich Borwin II of Mecklenburg elevated the settlement on the lower reaches of the Warnow River to a market and granted it the Lübische Stadtrecht.

In the following centuries, Rostock developed into an important trading center on the Baltic Sea. The city belonged to the Hanseatic League, a trade alliance of northern German cities, and benefited from its access to the sea and its location on the important trade routes between Scandinavia, Russia, and Western Europe.

In the 16th century, Rostock was affected by the impact of the Reformation. The city became Protestant and disputes arose with neighboring Catholic countries. During the Thirty Years' War, Rostock was besieged and badly damaged several times

In the 19th century, Rostock experienced an economic boom. The city became an important industrial site and numerous factories, shipyards and trading companies were established. During this time, the port was also expanded and modernized to handle the increasing trade.

During World War II, Rostock was heavily bombed and many historic buildings were destroyed. After the war, the city became part of East Germany and experienced intense urbanization and industrialization in the following decades.

After the reunification of Germany in 1990, Rostock became part of the state of Mecklenburg-Vorpommern. The city has since developed into an important tourist center, known for its historic old town, its beaches on the Baltic Sea and its cultural events. Today, Rostock is a vibrant city with a rich history and diverse culture.

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Startup Ticker Week 25/2023: 1,791 company startups in Germany

06/29/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
During the 25th calendar week of 2023, a total of 1,791 new companies were officially recorded in the commercial register in Germany.
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What are the founding steps?

06/29/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are various founding steps that are important when founding a company. Here are the key steps:

Develop a business idea: The first step in founding a company is to develop a business idea. The idea should be based on market analysis and be unique.

Create a business plan: The next step is to create a business plan. The business plan includes a description of the business idea, a market analysis, financial planning and a description of the organizational structure.

Choose legal form: An important decision when starting a company is the choice of legal form. There are various options such as sole proprietorship, GmbH or AG.

Secure financing: Starting a business usually requires financing. There are various financing options such as equity, debt or subsidies.

Registration with the trade office: Before founding, the company must be registered with the trade office. The tax identification number and the sales tax ID are also requested here.

Building a business: After registering with the trade office, the company can be set up. Here you have to rent, hire employees and find suppliers.

Marketing and sales: Once the business is built, marketing and sales activities must be started to attract customers.

Controlling: Controlling is necessary to monitor the success of the company. Key figures such as turnover and profit are monitored here and appropriate measures are taken to keep the company on track.

The exact steps may vary by industry and legal entity, but these are the basic steps when starting a business.

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Why should you found a company in Rostock?

06/26/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are several reasons why you should incorporate in Rostock. Here are some possible advantages:

Good infrastructure: Rostock has a well-developed infrastructure, including a modern port, an airport and a well-connected road and rail network. This facilitates the transportation of goods and provides good access to national and international markets.

University and research institutions: The University of Rostock and other research institutions offer access to qualified specialists, innovative ideas and research cooperation. If your start-up is based on research and development, you can benefit from cooperation with these institutions.

Economic diversity: Rostock has a broad economic base with various industries such as shipbuilding, maritime business, tourism, information technology, biotechnology and food industry. This creates a diversified business environment and offers opportunities for different types of companies.

Attractive place to live: Rostock is an attractive city to live and work in. The city offers a high quality of life with a wide range of cultural activities, a beautiful old town, beaches and lots of greenery. This can help attract qualified professionals and retain employees in the long term.

Funding programs and support: There are various funding programs and support services for business start-ups in Rostock and the region. This can include financial support, consulting services and networking opportunities that can help you start and grow your business.

Of course, when making a start-up decision, you should also consider individual factors such as the industry in which you want to operate, the target group, the availability of skilled workers and potential competitors. A careful market analysis and location assessment are therefore important in order to make the best decision for your specific start-up situation.

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Startup Ticker Week 24/2023: 1,604 company startups in Germany

06/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
In calendar week 24/2023, a total of 1,604 new companies were recorded in Germany and entered in the commercial register.
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