KfW Start-up Monitor 2023: The number of start-ups in Germany fell significantly by 57,000 (-9 percent) to 550,000 in 2022, according to the new KfW Start-up Monitor from KfW Research Overall, start-up activity, at 108 start-ups per 10,000 people aged 18–64, is falling back to near its historic low of the first year of the coronavirus pandemic, 2020 (104), after briefly recovering in 2021 (119). (Photo: KfW Image Archive / Thorsten Futh)