Multinationals, SMEs and start-ups – Bavaria’s strong economy is based on their diversity and the culture of innovation that exists within the companies and wider society. Company founders in Bavaria can draw on and build on an extensive network of potential cooperation partners and customers.
Eight out of thirty DAX-listed companies, including Siemens, adidas and BMW, are based in Bavaria. Multinationals such as Microsoft, Intel and Google have their German headquarters or laboratories here. Family-run SMEs such as Horsch Maschinen GmbH, UVEX Winterholding GmbH & Co. KG or b-plus GmbH represent the backbone of the business location. Many of the companies are ‘hidden champions’ and global market leaders in their field.
The automotive and mechanical engineering industries are among the strongest sectors in Bavaria. Other significant economic sectors – such as environmental, energy and biotechnology companies and the aerospace industry – are also firmly rooted in Bavaria.
The interaction between the established DAX-listed companies, specialist hidden champions in the SME sector and innovative start-ups is unique and creates a dynamic cross-industry landscape. In addition to financial and human resources and expertise, young start-ups in particular benefit from cooperation partnerships with research and industry and from strong sales markets in the immediate vicinity.
Start-ups also have the best opportunities to grow here – this is evident in the numerous success stories ranging from mymuesli to inveox.