PSFK helps to find some substance amidst the hype in Europe’s Silicon Valley.

What do you get when you combine a creative melting pot, a hip image and low rents that make New York prices seem criminal? Berlin’s Silicon Allee – the most talked-about startup hub in Europe for several years now. Attracting thousands of innovative entrepreneurs looking to create the next big thing, the German capital is in many ways a startup itself, having reinvented itself from the “poor but sexy” underdog moniker Mayor Klaus Wowereit coined for it in 2003. Rivaling London’s ‘Silicon Roundabout’, with global giants like Google opening offices in the city and Germany attracting more venture capital than the U.K. in the second quarter of 2013, it has become the epicenter of Europe’s Internet scene.

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