corporate entrepreneurship, Events, innovation, startup

Speaking at the pre-opening of the digital HUB Cologne

What Startups Need @ digital HUB Cologne

Recently I was honored to be invited to speak at the members-only pre-opening of the digital HUB Cologne about “What Startups Need”.

Spoiler alert: It isn’t corporate partners and digital hubs.

The digital hubs in the state of NRW in Germany is a political construct part financed with public money. It’s supposed to support and help small and medium companies get onboard with “digitalisation”, whatever that term means.

The ensuing panel debate and Q&A

As you might know, I’m much more of a libertarian than a socialist, so I’m not the biggest fan of this publicly funded hub concept for a number of reasons.

Some are:

  • I don’t believe taxpayers should be subsidising private enterprises
  • If the market had wanted or needed a “digital hub”, it would have created one already by itself
  • The market is Darwinistic and self- correcting – putting public support-wheels or bandaids on failing businesses is wrong
  • Creating publicly funded competition to existing local business offerings is wrong

You get the drift.

In sum, I think it’s a political innovation theatre paid for in part by us the taxpayers.


These were the slides I used: