Germany: Axel Springer startup programme

Media company becomes involved in European 'hotspot' for startups.

Axel Springer, the German media company, has teamed up with Plug and Play Tech Centre to set up a Berlin-based hub to encourage new businesses.

Berlin is a hotspot in the European startup scene.  According to Bild, Germany has the sixth highest number of startups worldwide - approximately 8,500 every year. 

Axel Springer Plug and Play offers new start-ups a programme that will include office space in the centre's Berlin HQ, funding and coaching.  In return, Axel Springer Plug and Play will receive a 5% share in the business.

Source: TheLocal Germany.