How does innovation help the economy
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These companies form the basis for a good climate for innovation. According to the Stifterverband für die Deutsche Wissenschaft, German companies invested around 72.1 billion euros in research and the development of new products, processes and services in 2018. The innovation expenditures up to the market launch amount to around 172.6 billion euros.
German companies manufacture technology products that are in high demand around the world. An above-average number of so-called "hidden champions" are active in Germany. These are mostly small and medium-sized companies that are global market leaders with their products and services. Your success is based on a long-term company strategy, a high equity base and a highly qualified workforce.
Excellent research infrastructure
The companies can draw on the know-how of numerous internationally recognized research institutions such as the Max Planck Society, the Fraunhofer Society, the Helmholtz Association of German Research Centers, the Gottfried Wilhelm Leibniz Science Association or the departmental research institutions (BAM, PTB) as well as at universities and Make use of universities of applied sciences.
Thanks to the strong market position of German companies, Germany always occupies a leading position in the current innovation rankings, mostly behind Switzerland and the Scandinavian countries, but above all other important economic nations. However, Asian countries, especially China and South Korea, are catching up a lot. That is why the German economy has to adjust to increasing global competition in the technology sector as well.
Politics for more innovative strength
On the one hand, the BMWi offers a whole range of funding opportunities for innovative medium-sized companies. The programs are structured, bundled and clearly designed under the heading "From the idea to market success". The measures address the entire innovation chain - from the creative idea to its implementation in new products and services. The transfer of technology from research to business is particularly important. In addition, the BMWi promotes specific research and technology projects of all companies, mostly in cooperation with research institutions in various technology areas such as: energy, information and communication technologies, maritime industry, mobility and aerospace.
In addition, the BMWi is promoting the further improvement of the framework conditions for research and innovation. This includes in particular
The research and innovation policy measures of the Federal Ministry for Economic Affairs and Energy (BMWi) are embedded in the "High-Tech Strategy 2025", which includes all research, technology and innovation measures of the federal government. The measures taken by the BMWi are primarily aimed at strengthening the innovative strength of medium-sized companies and founders.
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