22 MGCC PERSPECTIVES MAY JUN 2018 MARKETS AND SECTORS EXPLORE With its strong economy and excellent research landscape the German Southwest is the leading innovation region in Germany and Europe Come to Baden Württemberg the Heart of Innovation in Europe When it comes to its research expenditure amounting to 4 9 per cent of its GDP Baden Württemberg also occupies an outstanding position in Europe The innovativeness of business and industry is supplemented by a dense network of universities research institutions and transfer agencies Many German institutions such as the Fraunhofer Gesellschaft or the Max Planck Gesellschaft have substantially more facilities in Baden Württemberg than in any other German state Baden Württemberg is one of the most important economic centres in Europe having become one of the leading investment locations on the continent Bordering France Austria and Switzerland Baden Württemberg is situated right at the heart of Europe Moreover its outstanding infrastructure makes it an ideal gateway to the markets of the European Union EU the world s economically strongest single market with around 500 million consumers No 1 Innovation Region in Europe In addition to internationally renowned global players such as Daimler Bosch and SAP it is mainly small and medium sized enterprises that form the backbone of the economy In 2016 the gross domestic product generated by Baden Württemberg companies amounted to 477 billion euros higher than that of Belgium Sweden or Austria What s more our federal state is the EU s top region for innovation Ph ot o by C ar l Z ei ss The German Southwest is in a leading position in the topic of Industry 4 0

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