Germany is reaching for the stars as it embraces an increasingly vital and commercialized aerospace market. You can expect to see more and more German-based companies putting more and more satellites into orbit.
American venture capital investor Accel is increasingly splitting its attention between both sides of the Atlantic. It has just announced parallel USD 650 million funds for Europe and Israel, on the one hand, and the US, on the other. Additionally, Accel is starting a USD 1.75 billion global growth fund.
We asked Intuitive Surgical Germany Vice-President and General Manager Dirk Barten why Germany is just what the doctor ordered for his company.
The German subsidiary of American farming company Indigo Agriculture has teamed up with Sweden’s Wasa, the world’s largest crispbread producer, for a three-year pilot project aimed at developing organic farming methods that bind carbon dioxide in the soil while minimizing the need for pesticides and artificial fertilizers.
For the twelfth year in a row, business magazine Wirtschaftswoche, utility company EnBW and consultants Accenture have handed out the German Innovation Prizes to firms that “ensure the competitiveness of Germany as a business location amidst the global competition.”
The German transition to using renewable energy sources for residential heating continues apace.
As the coronavirus disrupted economic life in Germany and around the world in 2020, many people feared that waves of businesses would go bankrupt. But figures compiled by the German Savings Banks Association (DSGV) for business newspaper Handelsblatt suggest that the worst of those anxieties were unfounded.
The German government made headlines last year when it announced the creation of a EUR 10 billion fund to invigorate the country’s venture capital and start-up ecosystem. Now top officials are out in pubic promoting what Minister for Economic Affairs and Energy Peter Altmaier calls “the biggest initiative of its kind in Europe.”
Germany’s renowned Fraunhofer Institute has developed a process for recycling protective anti-Covid-19 masks.
Automotive icon Porsche is set to become the latest carmaker with battery production facilities in Germany.