A startup is a young company that is characterized by two features: It has an innovative business idea and is founded with the aim to grow rapidly.
Often startups act in a young or not yet existing market. In most cases these are companies in the technology and internet sector. Usually a company is a startup the first three years after it has been founded. In individual cases, the phase will be extended to up to five years.
The financial sector is preparing for Brexit. Large banks are leaving the City of London completely or partially and going to Dublin, Frankfurt or Paris. But one small Berlin-based Fintech startup went the other direction – it expanded in Britain. And that's not a decision its founders regret.
More people in China are acquiring a taste for coffee. And a new Chinese startup is shaking things up in a market that was once dominated by Starbucks and Costa Coffee. Luckin Coffee is catering to the tastes of millennials who prefer to order their drinks online and have them delivered.
Several years ago the numbers of refugees who came to Europe skyrocketed. It marked a turning point in politics across the European continent and gave a boost to right-wing parties who vowed to clamp down on asylum-seekers and other migrants. In Norway, a group is helping refugees bring their skills into the labor market and turn their experiences into innovative business ideas.
Ghana has a huge plastic waste problem — it produces up to 22,000 tons every year, but recycles very little of that. Now, one local company is taking up the fight against the rising tide of plastic by transforming it into paving tiles. This not only helps the environment, but also allows locals to earn a decent wage — and the plastic pavers are now a common sight in the neighborhoods of Accra.