FIRST AIRED: November 21, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program

World

Berlin lures start-ups post Brexit

Opening sequence

Opening sequence

World

Berlin lures start-ups post Brexit

0:00
17:22
More Info

COMING UP:Berlin lures start-ups post Brexit

×

Transcript

00:00:00
>> Keep calm and come to Berlin. That's the message the city has for its rival, London, as Germany hopes to lure startups worried about Brexit. Berlin is, of coure, known for its nightlife. I'm Reuters' Emily Weather inside the world's smallest disco. It's just one of the pop-ups that's come to London as the city sells itself as the hot spot for start ups in Europe.
00:00:25
This event is run by Berlin Partner, it's the organization behind marketing the city. They say after the June referendum companies started calling to ask about relocating to Berlin. They've helped 5 startups move from London since then, 40 others are seriously considering it and many more are interested.>> After the Brexit, especially young companies, startups, are much more interested in Berlin.
00:00:51
It's because of the talents and uncertaincy. And if a company want invest to accelerate the businesses they have to decide where to do this, where to invest. And that's why we have much more interest now than before the Brexit.>> Julien runs one of the startups that's made the switch.
00:01:13
He hasn't left London entirely, but Brexit prompted him to speed up opening a Berlin office.>> I think it had an impact on to deciding, okay, we can't risk having to issue or having to apply for 40, 50 visas here next year or even the year after. So right now, just to be on a safe side, we're going to be hiring a majority of the team in Berlin.
00:01:35
>> From 3D printing to robot assistants, Berlin is keen to sell itself as a creative and cheap place to live. The bigger companies don't seem to be put off Britain yet, Facebook and Google had both said they'll be expanding in the UK. And critics say Berlin needs to cut the red tape first, arguing setting up a business in London can take a week versus months in Berlin.
00:02:00
Organizers here are keen to stress they'll help speed up the process.