Silicon Valley is considered the most successful example of a digital hub with its combination of start-ups, large technology companies and excellent scientists. To follow this example, Germany needs hubs with international appeal/reach, in which German and international business start-ups, scientists, investors and established companies mutually support and strengthen each other. The Federal Ministry for Economic Affairs and Energy has set up a Hub Agency for better networking of hubs and has planned creative advertising activities abroad to raise the profile of German hubs.
Cooperation and networking in a common space is the breeding ground for new innovative products and business models. In this way, a regional “hub ecosystem” can be created. By sharing co-working spaces, the hubs can become meeting points where new ideas emerge and digital transformation is taken forward.