Berlin start-ups struggling despite German government intervention
CGTN Europe • 2m 53s
Germany has become increasingly attractive as a centre of innovation for startups since 2013. New business models are emerging mainly in software, e-commerce, food and medical sectors and renewable energy.
One of them is MOWEA, which develops small wind turbines that are intended for commercial and residential use. It’s the world’s first modular wind turbine for use in densely populated areas.
The small wind turbine company was launched in 2016 but became known just before the pandemic ramped up in Europe. The company almost went bankrupt last year but received a small grant from the government to help it stay afloat.
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