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German ‘Inno-vestment‘ reaches record high
Germany keeps investing billions into research and development
Jul 02, 2015
Berlin (gtai) - 2015 saw EUR 14.9 bn Euros ploughed into research and development in Germany, according to the Federal Ministry of Education and Research. The sum represents an EUR 261m increase on last year and a 65 per cent increase on the 2005 level.
The money has mainly gone into innovation research, particularly in the fields of digital economy, sustainable economy, intelligent mobility and health. Germany is pioneering a new future based on sustainable growth, including the fabled Energy Transition policy and the Industrie 4.0 revolution among other things, and continues to lead the way in the R&D landscape.
“The federal budget for 2016 has included further increases in this ‘inno-vestment’, said Dr. Benno Bunse, CEO of Germany Trade & invest, the federal investment promotion agency.
“As a part of the Central Innovation Programme for SMEs, these increases, and the opportunities for further private investment they create in Germany’s SME landscape, will keep Germany at the trailblazing edge of European R&D for some time to come.”