Moving Thuringia Forward: Boosting Business-Science Collaboration for Technological Advancement and Economic Sovereignty
Economics and science find common ground in collaborative endeavors - Industry and academia collaborate for advancement through land-based projects
Thuringia is pumping funds - a whopping 200 million euros by 2027 - into fostering partnerships between businesses and the scientific community. The money, a mix of EU and state funds, comes partially from the EU and Thuringia's state treasury, as announced by Economics Minister Colette Boos-John (CDU) in Erfurt.
"Collaborative research projects bridge the gap between scientific research and real-world applications," Boos-John said. "This creates the perfect environment for embracing new technologies and staying ahead of the curve."
On Monday, Thuringia's Energy Network will gather for a conference on "Transformation Technologies," delving into the latest trends in energy use and storage for renewable energy sources. The focus in the energy sector is on a "network and storage offensive," Boos-John commented. "The expansion of our network is the foundation for any energy system transformation."
In light of geopolitical risks and international uncertainties, Thuringia and Germany understand the importance of investing in key technologies with high economic significance. The goal is to increase the technological independence of the local economy and secure a strong footing in value creation. The minister has emphasized that strengthening the connection between businesses and scientific research institutions plays a crucial role in achieving these objectives.
Additional support comes in the form of a new medium-sized fund offering aid for various economic sectors undergoing structural changes, as well as traditional state investment grants. Boos-John reinforced her belief that the overall business climate in Germany as a whole needs to become more supportive towards businesses. This involves streamlining bureaucracy, eliminating duplicate structures, and expediting planning and approval procedures. For every new law and regulation enacted, one should be repealed, Boos-John advised.
Technological Advancement:
Collaborative efforts between Thuringia's businesses and scientific institutions unlock resources for pioneering research projects, allowing for technological advancements and breakthroughs that might be unattainable otherwise. Financial backing also enables the development of advanced research facilities and equipment, furthering the state's ability to keep up with the technological curve.
Economic Sovereignty:
By encouraging collaboration between businesses and the scientific community, Thuringia propels local companies forward, making them globally competitive and promoting economic growth. This approach also fosters the creation of a skilled workforce, where researchers and scientists work closely with industry experts to develop technological innovations that drive economic growth and enhance the region's economic sovereignty. Furthermore, Thuringia's investment in business-science collaborations provides local businesses with a competitive edge, reducing dependence on external technologies and putting an emphasis on homegrown innovation.
In summary, Thuringia's strategic investment in fostering business-science collaborations empowers the state to keep pace with technological advancements, boost economic development, and secure its economic sovereignty by encouraging innovation, economic growth, and self-sufficiency in technological development.
Collaborative efforts between Thuringia's businesses and scientific institutions, funded by the EU and Thuringia's state treasury, unlock resources for pioneering research projects that facilitate technological advancements and breakthroughs for the region. This strategic alliance also fosters economic growth by promoting economic sovereignty, as local companies become globally competitive and reduce their dependence on external technologies by embracing homegrown innovation. These collaborations in science, industry, finance, business, and employment policy contribute to the development of a skilled workforce, enhancing the region's competitiveness in various sectors including science, renewable energy technologies, and finance. The goal is to achieve a self-sufficient and economically resilient Thuringia that remains at the forefront of technological developments within the EC countries and beyond.
