New strategies and programs to strengthen Germany as a location for innovation
The Federal Report on Research and Innovation 2024, presented by Federal Minister Bettina Stark-Watzinger, examines the research and innovation policies of the federal and state governments. With investments of €121.4 billion in 2022, Germany is sending a strong signal and aims to increase the share of research and development expenditure in gross domestic product to 3.5 percent by 2025. North Rhine-Westphalia plays a central role in this.
Research and innovation: Key to growth and prosperity
Investments in research and innovation are crucial for Germany's growth and prosperity. The ambitious goal of increasing research and development spending to 3.5 percent of GDP underscores the importance of innovation for the future. The Growth Opportunities Act, the Future Strategy for Research and Innovation, and the SPRIND Freedom Act are important steps in this direction.
New initiatives and programs strengthen Germany as a location for innovation
A key new instrument is the establishment of the German Agency for Transfer and Innovation (DATI), which aims to promote the transfer of research results into practice. North Rhine-Westphalia benefits from these measures through enhanced networking between universities, research institutions, and companies.
Source: BMBF
Learn more?
Further information on the Federal Report on Research and Innovation 2024 can be found here:
