“At the same time, we use the facility and location within the Medical Valley cluster for launching new implants in Germany and the EU,” explains Walls. “The cluster is not only professionally equipped, it also has an entrepreneurial vibe to it that I enjoy when on-site.” The cluster, which is situated in northern Bavaria, has world-class academic and research institutions nearby, lots of early-stage medtech startups as well as established medium-sized companies.
The global headquarters of Siemens’ healthcare business is just down the street. “To me, the cluster possesses a small-town Boston-like ambiance”, says Walls. “A small, manageable academic community with lots of young people doing exciting things.”
Investment opportunities in clusters
Throughout Germany there are numerous regional networks that bring together large companies, SMEs and startups, which then pool resources with local research institutes and universities toward a common goal: to develop innovative products and services for the global market. “The diverse research and development infrastructure these innovation ecosystems offer in Germany is unique,” says Gabriel Flemming, Senior Manager in the Chemicals and Healthcare team at Germany Trade & Invest (GTAI).