Germany has long been considered a “sleeping giant” in European biotech—full of promise, but slow to rise. The country boasts world-class research institutions, a strong industrial base, and a rich pool of scientific talent. Yet for years, Germany has lagged behind smaller neighbors like Belgium, Denmark, and Switzerland when it comes to biotech start-up activity, early-stage investment, and company creation. But now, a shift may be underway—what will it take for the German giant to stir?