Munich - top economic hub in the world
The German city offers entrepreneurs, great infrastructure including access to the best universities
- March 02, 2018 16:00, 1814 impressions
- Monika Dimitrova
Many established, R&D-heavy corporations have their headquarters in Munich, such as BMW and Siemens, and these help to incubate start-ups with investments and programmes. In addition, international companies are launching hubs in Munich, including IBM’s Watson Internet of Things centre and Microsoft’s IoT and AI Insider Labs. However, living costs are high in Munich, requiring start-ups to pay higher salaries to engineering talent.
Access to talent, the innovation environment, government support as well as the general quality of life in Munich stand out as big advantages. Both the Technical University and the Ludwig-Maximilian-University are rated among the world’s top universities regularly. UnternehmerTUM, the Center for Innovation and Business Creation at the Technical University of Munich, is one of our oldest investors. The federal state of Bavaria also provides excellent support, both in the early stages of start-ups as well as for growth financing.
Source: World Economic Forum