A new arrival in Bavaria is Joby Aviation, a California pioneer of electric aviation, especially with its electric vertical-takeoff-and-landing (eVTOL) aircraft. At its new base at Unterhaching near Munich, its first in Europe, it is close to the University of Munich with its Institutes of Flight Systems and Transportation and Spatial Planning, a potential source of top talent and technological expertise.
AI, Insurtech and the medical sector
Outside the mobility sector noteworthy projects in Bavaria included the AI, Insurtech and medical sectors.
Zelros, a French Insurtech start-up and a further beneficiary of the “Ois Easy” program connects data with insurance models to match artificial intelligence (AI) to the insurance branch. The strong presence of leading insurers and the thriving start-up community in Munich were the key factors in Zelros’s decision to locate in Bavaria.
Ambu Innovation, a unit of Denmark’s Ambu A/S mediacl group, a manufacturer of opto-electronic one-way endoscopes, is expanding its existing operations in the Augsburg region with the establishment of a centralized R&D unit at Augsburg Innovationspark that is to create some 100 new high-quality jobs over the next few years.
A crisis-proof and secure business location
During this extraordinary year, Bavaria and Germany have shown themselves as secure, fast-reacting and crisis-proof locations for businesses. While it is far too early to predict developments in a post-Covid-19 scenario, companies’ experiences in 2020 have shown the desirability of resilient business models. Security, stability and a resource base that enables agile responses to shocks should stand Bavaria in good stead as a suitable business location.