As an industrial powerhouse, Bavaria offers the burgeoning tech scene optimum conditions for growth. Let’s find out why so many global companies have decided to set up a business here in 2022 and why the opportunity to cross innovate is the real draw of the region.
Industries / Digital Economy
More than 6,300 foreign companies are located in Baden-Württemberg. THE LÄND boasts innovative strength, a diverse range of industries, research institutions with close links to business as well as highly trained specialist staff. Thanks to these factors, it continues to be an attractive location for international investors as one of Germany’s and Europe’s most powerful economic centres, even during times of crisis.
The east of Germany is catching up, attracting a series of high-profile, big-ticket international business expansions.
The region is finally delivering on a 30-year-old promise.
In 2022, Thuringia again proved its attractiveness as a business, investment and tourism location that attracts investors and also offers good conditions for expansion for those companies that are already operating in the Free State and want to expand here. LEG successfully accompanied numerous projects in its anniversary year: founded in 1992, the Erfurt-based economic development agency celebrated its 30th year.
For the second year in a row, Berlin has been voted as the startup capital. Traditional company Mercedes Benz opened its Mercedes-Benz Digital Factory Campus in 2022, and with the AMBER brand, regional competencies and the transparency of the synergy potential between 3D printing actors and industry will be bundled.
Around 8 million euros were invested by foreign companies in the federal state of Bremen in 2022. The northern German city scored particularly well in the technology sector, but also in the transport and logistics sector.
Germany’s data center sector is expanding like never before and simultaneously undergoing a quiet revolution in energy efficiency. International companies are helping make the physical act of processing information better for the environment.
More than 2000 kilometers separate the Estonian capital Tallinn from Munich. Nonetheless, HHLA – the company that runs the port of Hamburg (distance from Tallinn: over 1800 kilometers) – is currently testing a system that allows operators in the Bavarian capital to remotely control trucks in the box terminal in the Estonian city.
The governing German cabinet is putting forward legislation to kick-start the use of so-called smart electricity meters. The new technology will allow consumers to adjust their power consumption to times when electricity is less expensive and react to fluctuations in the production of electricity from renewable sources.
As part of the expansion phase of its Medicine Information Technology Initiative (MII), the German government will be putting some EUR 200 million into data-based health research. The funds will be allocated between now and 2026.