Bavaria is the economic and high-tech powerhouse of Germany. The diversified Bavarian economy ranges from the automotive industry, electronics, and machinery to information and communications technology (ICT), environmental technologies, chemical products, and life sciences. Global players like Siemens, BMW, and Audi have their headquarters in Bavaria. However, the backbone of Bavaria’s economy are innovative small and medium-sized companies, which are often world-market leaders in their respective niche. Bavaria’s powerful production industry is the number one in advanced manufacturing and automation and will further be massively boosted by investments in smart technology. Although Munich is already Europe’s leading ICT hub, Bavaria will invest more than 5 billion € to further excel in digitalization. With Bavaria’s position as one of Europe’s top start-up hubs, young entrepreneurs benefit from its enormous B2B potential and diverse ecosystem. As Germany’s leader in patent registrations, low unemployment rates and high quality of life, Bavaria will keep and
extend its top position in the years to come.