© Pollux
© Pollux

TechQuartier in Frankfurt officially opened

November 17, 2016 saw the official opening of Frankfurt’s focal point for start-ups on the fintech and insurtech scene: the TechQuartier.

The TechQuartier – located in the Pollux tower close to the exhibition grounds – is “a platform that brings together the large number of fintech activities in this financial center in one place, where they can grow and connect internationally,” explained Hessen Minister of Economic Affairs Tarek Al-Wazir. He also announced that the German federal government had named Frankfurt a fintech hub, making the city one of the five digitalization hubs in Germany alongside Munich, Dortmund, Berlin and Hamburg.

The Fintech Germany Awards were also given out by Business Angels Frankfurt-Rhein-Main, Frankfurt Main Finance and Börsen-Zeitung for the first time at the event.

Unique link between science and business

With a broad network of company and technology partners, service providers, investors, academic institutions and government representatives, the TechQuartier provides an ideal environment for ambitious companies to consolidate their ideas and implement them together.

The six main sponsors are Commerzbank, Deutsche Bank, Deutsche Börse, Helaba, DZ Bank and ING Diba. For the sponsors, discussion with entrepreneurs is especially important in order to work on specific tasks together. The TechQuartier also receives funding from Allen & Overy, KPMG, PwC, EY and Sparda-Bank, who are all gold partners.

Everything an entrepreneur could need

At the hub, start-ups will find 120 workspaces, conference rooms and a coffee bar spread across several floors. Because demand is already so high, as Dr. Sebastian Schäfer, Managing Director of the TechQuartier reports, additional space is already planned. Companies can choose between open space, private office and community membership. Flexible, short-term rental contracts benefit new start-ups in particular.

As well as the workspaces on offer, the TechQuartier is planning workshops and events, offering fintechs and insurtechs plenty of opportunities to talk to other companies from the same sector and make contact with partners and investors.

National and international start-ups welcome

The TechQuartier offers innovators and investors the opportunity to gain a foothold in Germany and conquer the European market. In addition, the new platform is a boost to Frankfurt as a financial center. “The changes in store for the financial and insurance sectors as a result of digitalization will be easier to cope with if innovative ideas, specialist expertise and financial support can be connected. This will benefit both start-ups and banks and insurance providers,” explained Dr. Rainer Waldschmidt, CEO of the business promotion agency Hessen Trade & Invest GmbH.

The TechQuartier’s mission is therefore to establish a regional start-up ecosystem in Frankfurt – the largest financial center in continental Europe – that will promote innovation on a local, national and global level.

More information: www.invest-in-hessen.com/financial-sector

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