Stuttgart has everything a city needs to be a hub for future industries – a hub for innovations that have the potential to attract companies from around the world. The Stuttgart area is not only home to Germany’s strongest exporters, such as Daimler, Porsche and Bosch, it also has more than 10,000 SMEs that have registered with the Chamber of Industry and Commerce. Many of these SMEs are global leaders in their field, and the region has the highest number of ‘hidden champions’ in Germany. Its 19 universities and 38 research institutes mean that the city also has one of the highest percentage rates of people with a university degree nation-wide.
A consortium consisting of large groups, SMEs, research institutes, universities and local start-up initiatives came up with the strategy for the city’s future industries digital hub and is continuing to develop it.
There are more than 40 partners from business, government and research who are actively supporting the hub – and this number is growing.
The hub’s priority is to successfully pool the strengths of all stakeholders involved – at regional, trans-regional and international level. In order for companies to maintain their competitive edge on the global market, they need to combine different sets of skills, and identify and harness the opportunities offered by the digital transformation.
In order to achieve this goal, the visibility of Stuttgart as a future industries hub is to be raised, and existing potential to be harnessed. Another important aim is to undertake more far-reaching efforts to promote intrapreneurship, entrepreneurship and start-ups, and to facilitate access to capital and international talent.
Manufacturing is the backbone of the Stuttgart, Baden-Württemberg, and the German economy. If we want the products and services made in Stuttgart to continue to be exported everywhere in the world, the digital economy needs to become an integral part of the economy as well.
GFT Technologies SE