The Knowledge Cluster
Knowledge is the future – and Bavaria ranks among the most important educational and research locations in the world.- with 46 public and private universities, colleges and art schools. Approximately 259,000 students are registered at them, and around 40,000 of those have chosen economic studies.
- with the headquarters of the Max Planck Society and the Fraunhofer Society, two of the most famous research organizations in Germany. The Max-Planck Society operates 12 research institutes in Bavaria, the Fraunhofer Society runs seven.
- and with many other research facilities, including, for example, the Ifo Institute for Economics Research.
In addition, Bavaria’s Economic Minister Otto Wiesheu promotes close cooperation between science and economics in order to link more closely theory and practice. Included in these “cluster policies” are the further development of educational opportunities and the optimization of research and education, for example through the earliest possible exploration of trend-setting topics, as well as through greater incentives for product innovation and internationalization. All of this serves to further strengthen the international competitive position of the financial center.