Udo Schloemer, Factory Berlin: How to Foster Innovation in Germany Sustainably

About this episode

From Actuary to Startup Investor

Udo Schloemer has become an indispensable name in the German startup scene. Yet his path to the center of Berlin's founder ecosystem was anything but straightforward. Starting as an insurance mathematician, Udo first built his career in real estate before making the leap into the startup world through strategic investments.

A pivotal moment came with the sale of a major portion of his real estate portfolio to Lehman Brothers almost 15 years ago. This shrewd timing decision laid the foundation for his continued entrepreneurial career and enabled him to focus increasingly on startup investments.

Factory Berlin: More Than Just a Co-Working Space

In 2011, Udo took the next big step and founded Factory Berlin together with his wife Sabrina and other co-founders. What began as an idea for a community space has grown into a true powerhouse of the German startup scene.

The numbers speak for themselves: across more than 20,000 square meters, over 4,000 members find a home for their projects and companies. But Factory Berlin is far more than just a co-working space. According to their own data, a majority of Berlin's new startups emerge from this community space – an impressive impact that demonstrates how crucial the right environment is for innovation.

Expansion as the Next Step

Currently, Factory Berlin operates exclusively in Berlin with two locations. But Udo has bigger plans: it's time to expand this impact. Which locations will be added in the near future remains his secret – a strategic move typical of the experienced entrepreneur.

Expansion is a logical step, as Germany needs more places where innovation is systematically fostered. Berlin's Factory model could serve as a blueprint for other German cities.

Sustainable Investment Strategies

A particularly interesting aspect of Udo's approach is his philosophy of sustainable investing. Parallel to his entrepreneurial career, he has continuously built up a real estate portfolio – a strategy that offers both stability and flexibility.

This approach demonstrates how important it is to have multiple pillars and not put all eggs in one basket. Especially for entrepreneurs operating in the volatile startup world, a solid real estate portfolio can serve as a safety net.

Vision for the German Startup Scene

In the interview, Udo speaks openly about what drives him and where the journey should lead. His goal is to foster innovation in Germany sustainably – not just in Berlin, but nationwide. Factory Berlin should act as a catalyst that brings together founders, investors, and established companies.

Udo's story impressively demonstrates how entrepreneurial success can be built across different industries. From actuarial science through real estate to the startup ecosystem – his career path is a prime example of how expertise from various fields can be used synergistically.

For aspiring entrepreneurs, Udo's approach offers valuable lessons: the importance of strategic timing, the power of communities, and the significance of a diversified investment strategy.